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Penney’s Asks Court Permission to Pay $47.7 Million in New Staff Bonuses

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Bankruptcy J. C. Penney has another round of bonuses in store for key staffers. The mass merchant is seeking the bankruptcy court’s permission to distribute $47.7 million in retention bonuses for non-management talent, a point of departure from the previous $7.5 million payout that preceded its May 15 Chapter 11 filing by a matter of…

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