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Sears is seeking court approval to pay executives as much as million in quarterly bonuses while the company struggles to restructure in bankruptcy.Three top executives could get nearly million each if the company goes out of business. If Sears remains in business, they could get nearly 0,000 each for hitting the top performance targets.Sears filed two different types of bonus plans in bankruptcy court?Thursday. The first is for the top 18 "key" executives, who would collectively get as much as .1 million per quarter. The bonuses would only be paid in full if Sears reaches its cash-flow targets. Sears Holdings, which includes both Sears and Kmart, has been burning through cash at a rate of about 5 million a month.A second retention bonus plan was designed to encourage 322 other unnamed executives to stay put during Sears' reorganization. They would collectively get .9 million a quarter, which works out to an average of about ,000 per quarter per executive. No executive could receive more the 0,000 in bonuses for staying with the company during the bankruptcy process.A judge's approval is needed before the bonuses could be paid. A hearing on the plans is set for December 20.The company wants to retain as many executives as it can, but Sears is laying off employees who staffed?hundreds of stores it is closing. Many hourly workers claim they will not be paid severance.Shelia Brewer, who worked for 17 years as a full-time hourly employee at a Kmart in Rockford Illinois, said the company told her she'd get eight weeks of severance. Instead, she received a letter saying that severance payments were being halted because of the bankruptcy, and she would get only the four weeks of pay she had already received."It hit me hard. I was already struggling as it was," she said. She said the bonus plan makes her angry."They say we can't get our severance because there's no money, but they're getting bonuses? It's like a slap in the face," she said.A Sears spokesman declined to comment on the bonus plan or its current severance policy.Eddie Lampert, the company's primary shareholder and chairman, apparently will not receive a bonus, according to the filing.The three top executives who were given the responsibility for running the company during its reorganization are in position for the largest bonuses. They are Chief Financial Officer Robert Riecker, Chief Digital Officer Leena Munjal and Gregory Ladley, president of the company's clothing and footwear business.Each could receive as much as 0,000 a quarter in bonus payments for hitting the maximum cash flow targets. They could receive four times that much if Sears goes out of business, in something the company called an "acceleration event."Retention bonuses for top executives are not unusual when companies go bankrupt. But bankruptcy law limits how much severance companies can pay.Toys "R" Us won approval for up to million in bonuses for 17 top executives a year ago during its failed attempt to stay in business, despite objections from employees groups and others."It's outrageous that the bankruptcy court is considering bonuses for Sears' high paid executives while laid off employees get their severance pay cut off," said Carrie Gleason, campaign manager for Rise Up Retail, a retail employee advocacy group. "This is exactly what happened at Toys 'R' Us. A handful of executives who couldn't save the company got millions in bonuses while tens of thousands of dedicated employees were denied their promised severance pay." 3581
(AP) — U.S. health officials have allowed emergency use of a second antibody drug to help the immune system fight COVID-19. It's an experimental medicine that President Donald Trump was given when he was sickened last month. The Food and Drug Administration on Saturday authorized use of the Regeneron Pharmaceuticals Inc. drug for people with mild-to-moderate symptoms. Tests of the drug are continuing, but early results suggest it may prevent hospitalization and emergency room visits. Use is allowed for adults and children 12 and over who are at high risk of severe illness from COVID-19 because of age or certain other medical conditions. 652

Verne Troyer, the actor who measured 32 inches in height and played Mini-me in the Austin Powers movies, died of suicide on April 3, according to a report published by the Los Angeles County Coroner on Wednesday.On April 3, Troyer was taken from his home in north Hollywood to Van Nuys Hospital for alleged alcohol poisoning and was pronounced dead at the hospital on April 21. The next day, the authorities performed an autopsy and the cause of death remained unknown pending in an investigation.On Wednesday, almost six months later, the coroner determined that "Troyer died from an episode of alcohol poisoning." It is not uncommon for investigations of this kind to take so long.When he died, the news was made known through his social networks, but the cause of his death was not immediately indicated.According to IMDB, Troyer was casted in 58 movies and television shows. 902
"House of Cards" has a new chief, and she's ready for duty.Netflix dropped the first promo for the sixth and final season of its political drama, with star Robin Wright front and center."We're just getting started," she says in the TV spot, which debuted during the Oscars.Netflix cut ties with former star Kevin Spacey in November 2017, after he was accused of sexual misconduct.In light of Spacey's departure, "House of Cards" writers had to recalibrate their approach to what was already planned to be the final season of the drama."House of Cards" resumed production in January after a three-month hiatus.The 45-second promo, which shows the bustling halls of the White House, ends with a declaration: "Hail to the chief.""House of Cards" returns in fall 2018. 778
"Avengers: Infinity War" made million at the domestic box office on its opening night Thursday, making it the biggest preview gross for a Marvel Studios film.Thursday's windfall puts "Infinity War" in fourth place for the biggest preview night behind "Star Wars: The Force Awakens," "Star Wars: The Last Jedi" and "Harry Potter and the Deathly Hallows' Part 2." "The Force Awakens," which made million on its Thursday night preview in 2015, holds the title for the biggest opening."Infinity War" beat its predecessors "Captain America: Civil War," "Avengers: Age of Ultron" and even the much-celebrated "Black Panther," which opened with incredible fanfare earlier this year."Infinity War" made more at the box office in just one night than "Rampage" made for its entire opening weekend earlier this month.The movie is also off to a big start overseas, nabbing million since opening internationally on Wednesday. It was the biggest opening day for a film in South Korea, Brazil, Hong Kong and the Philippines.The Marvel mash-up brings together superheroes including Robert Downey Jr.'s Iron Man, Chris Evans' Captain America, Scarlett Johansson's Black Widow and Chadwick Boseman's Black Panther who team up to stop Thanos from obtaining the mystical Infinity Stones.Related: 'Avengers: Infinity War' could make box office history this weekendMarvel Studios, which is owned by Disney, has been one of the biggest success stories in film history. The franchise has 18 films open at No. 1 domestically, bringing in nearly billion worldwide.The decade long franchise has also seen steady acclaim from critics averaging a score of 84% on Rotten Tomatoes. "Infinity War" has a 85% score on the review site, with a 93% audience score.The-CNN-Wire 1764
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