FREMONT (CBS SF) - The Washington Times reports that bankrupt Fremont-based solar panel maker Solyndra hopes to give its executives thousands of dollars in bonuses.
Solyndra got a $500 million loan guarantee from the federal government, the first such company to receive a loan under the stimulus program to encourage green energy.
Company lawyers recently requested half a million bucks in bonuses in bankruptcy court - as part of a "employee incentive plan."
Key workers could get anywhere from $10,000 to $50,000 in bonuses. Attorneys said it is motivation for those employees to stay with the company. A bankruptcy judge needs to approve the plan.
The company laid-off 1,100 workers when it filed for bankruptcy at the end of August.
Solyndra's implosion and revelations that administration officials rushed to complete the loan in time for a September 2009 groundbreaking have become an embarrassment for Obama and a rallying cry for GOP critics of his green energy program.
(Copyright 2012 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
for more features.