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.READ MORE: 'Why Would Something Like This Happen To Me?' 94-Year-Old Anh 'Peng' Taylor Recovering After Shocking SF Stabbing Attack
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.READ MORE: House Votes To Repeal Of 2002 Iraq War Authorization, Long Championed By Oakland Rep. Barbara Lee
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.MORE NEWS: 'Landmark Victory;' Bay Area Lawmakers React to Obamacare Decision By U.S. Supreme Court Decision
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