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Home   >   Posts tagged "bankruptcy"
  • Midway bonus scheme gets kicked back

    Unsecured creditors are kicking up a stink about Midway’s bonus scheme announced earlier this month. Among other things, they claim: The bonus scheme is paying additional money to staff simply to do their jobs The bonuses are 400% greater than...

    • Posted 16 years ago
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  • Blockbuster to go bust?

    Reuters reports that video rental chain Blockbuster is at risk of filing for bankruptcy, and its shares plummeted 76% on the NYSE, leading to a suspension. The company has confirmed that it has appointed “lawyers and investment...

    • Posted 16 years ago
    • 0
  • Midway to sell Mortal Kombat?

    Struggling publisher Midway, currently in Chapter 11, is to put Mortal Kombat up for sale. In court filings, Midway is seeking permission for an employee incentive plan covering 29 employees worth $3.8 million (they have to ask...

    • Posted 16 years ago
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