Paper Source requests $1 million in bonuses amid bankruptcy as vendors languish without pay
In the heart of the pandemic, the stationery chain Paper Source paid its top executives a combined $1.47 million in bonuses. Now that the company is in bankruptcy, its executives are seeking an additional $1 million in potential bonuses at the same time that many of its vendors — largely greeting card companies run by women — are struggling to be repaid as little as $5,000.
Greeting card vendors have come forward to say that the company placed unusually large orders right before the bankruptcy filing and then failed to pay them. “You can’t ask for million-dollar bonuses knowing that your vendors need to pay for their kids’ child care, not their third car,” one vendor said.
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http://www.nbcnews.com/business/business-news/paper-source-vendors-left-pleading-payment-executives-seek-1-million-n1263924?cid=eml_nbn_20210413&user_email=d60e03639eee858a9d1f722503050fb5c4c275d9e0d473a7e1f6182e26eccb3c&%243p=e_sailthru&_branch_match_id=613431375891389243&utm_medium=Email%20Sailthru
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