Judge Splits Incentive Plan in A&P Case

WHITE PLAINS, N.Y. – The judge in A&P’s Chapter 11 bankruptcy case on Tuesday approved a short-term incentive program for some salaried employees but sent the retailer’s top executives back to the drawing board.

WHITE PLAINS, N.Y. – The judge in A&P’s Chapter 11 bankruptcy case on Tuesday approved a short-term incentive program for some salaried employees but sent the retailer’s top executives back to the drawing board.

The decision simultaneously satisfied and disappointed both A&P and its creditors. Sam Martin, A&P’s chief executive officer, testified Tuesday that an immediate incentive plan was crucial to the

Register to view the full article

TAGS: News