Coal company paid its execs $8 million in bonuses just before filing for bankruptcy

Grist
By Katie HerzogMar 18, 2016, 11:41 am60 pts
Arch Coal, the second largest coal company in the U.S., filed for chapter 11 bankruptcy in January in an effort to reduce its debt, currently valued at $5.2 billion. Three days before, according to bankruptcy filings, Arch awarded company executives with $8 million in bonuses. The Wall Street Journal reports:…

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