Bankrupt Philadelphia refiner paid execs millions in bonuses just after fire: documents

NEW YORK - Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $4.5 million in retention bonuses after a summer fire that led to the plant’s closure and before the company filed for bankruptcy a few weeks later, court documents show.

The payments were made on July 5, about two weeks before PES filed for Chapter 11 bankruptcy, and while it was in the process of closing its 335,000 barrel-per-day refinery. Attorney John McShane received $875,500, Chief Financial Officer Rachel Celiberti was given $721,000 and deputy staff attorney Anthony Lagreca made $450,000. Refinery manager Daniel Statile, who had been on the job since March, was paid $325,000.

The last crude distillation unit at the PES refinery, the oldest and largest on the East Coast, was taken offline in late July.

They get theirs off the top, and we just don't get paid, just like them coal miners. So where was ttRUMP on that deal.

anyone actually surprised by this?

House of Cards....

Just hope it was not with tax payer bail out money like GM Chrysler

Without doing that, they couldn't have gotten to bankruptcy. That's like the store clerk who gets robbed and takes an extra $100 for himself before the police get there.

Hummmm

I’m so so so shocked!!! Ok, that was my best effort at pretending. What can we expect when corporate lawyers write the laws that govern their big business clients!

Don’t they always

SwampyMcSwampster !!!!

Sad

Of course they did!!

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