So, our glorious leaders have generously agreed to accept a slightly lower incentive bonus even though they have collectively mismanaged things to the point of bankruptcy. In light of the Trustee's objection to their initial proposal, they decided to take a lower payout. I guess something is better than nothing; however, they clearly don't deserve a penny for what they have put Avaya through. Here is their very lame justification for why they deserve a bonus:
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managing through supply chain disruption arising after the Petition Date with real-time communication across the Debtors’ global supply chain;
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attrition in sales and leadership positions that have increased the relative workloads and borne by executive leadership;
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near-constant communication with key distribution partners and customers (most of which are not subject to long-term contracts) to ensure their continued support;
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continuing to push growth in cloud-based initiatives, which require the Debtors and their business partners to sell through long term partnerships despite the overhang of this restructuring;
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hundreds of telephonic conferences with customers and vendors—many of which are outside the United States and generally unfamiliar with chapter 11—to reinforce the Debtors’ “business-as-usual” message;
-regular in-person meetings and ongoing dialogue with key business partners to further reinforce the Debtors’ business-as-usual message; and
- developing, designing, and implementing customer loyalty programs, partner incentives, and sales programs to combat competitors’ public efforts to steal business from the Debtors.
Seriously? They want a bonus because they are having to work harder because they drove the company into bankruptcy? The absolute arrogance of these pathetic losers is mind-boggling to say the least. What's really comical is they have the audacity to cite letters from two of the companies THEY hired as some kind of justification that they deserve this bonus. Pathetic.