
File - A Paper Source store in Princeton, New Jersey
In the heart of the pandemic, when thousands of the nation’s retail stores were closed, the stationery chain Paper Source paid its top seven executives a combined $1.47 million in bonuses, NBC News reports.
Now that the company is in bankruptcy, its executives are seeking an additional $1 million in potential bonuses at the same time that many of the vendors it works with — largely greeting card companies run by women — are struggling to be repaid as little as $5,000.
The details of Paper Source’s executive bonuses came to light in a federal bankruptcy meeting of creditors late last week.
Read the full story on NBCNews.com
Get a weekly recap of the latest San Francisco Bay Area housing news. Sign up for NBC Bay Area’s Housing Deconstructed newsletter.