Source: theglobeandmail.com
Amid another year of dramatic restructuring at Postmedia Network Canada Corp., the company’s five most senior executives were awarded nearly $2.3-million in retention bonuses.
The payouts, which are outlined in company disclosures filed on Wednesday, are tied to a recent debt restructuring that wiped out more than $268-million (U.S.) in debt, thereby reducing the company’s interest payments by about $50-million (Canadian) each year.