Distressed Daily: Mall Owner Offers Retention Pay To Whole Staff

Bloomberg Government

"There’s not a lot of money to go around at Washington Prime Group. The mall operator said this month that it skipped a $23.2 million interest payment and brought on advisers to help to restructure its debt. Yet that hasn’t stopped it from speeding up bonuses – not just for the typical C-suite types but for the whole workforce – starting this year."

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Related Contacts
Jay Indyke Partner New York
Related Practices & Industries

Business Restructuring & Reorganization