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house Bill H.R. 6912

Should Companies in Bankruptcy be Prohibited From Paying Bonuses to Executives?

Argument in favor

By paying out bonuses to executives while their companies are going through bankruptcy, corporations are effectively rewarding them for running a company into the ground. Rather than giving them bonuses, companies should be focused on securing the livelihoods of their workers while undergoing bankruptcy proceedings.

Dakotah's Opinion
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10/14/2018
If your company is failing you shouldn’t be rewarded, it’s that simple.
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Casey's Opinion
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10/14/2018
If a business fails, it’s usually due to poor management by the upper management staff. Why should they receive bonuses when they’re clearly not doing their job?
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10/14/2018
We must enforce accountability for fiscally irresponsible behavior. I support this measure.
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Argument opposed

Corporate executives should be paid compensation that they’re owed by the company even if it’s going through bankruptcy, just as any other worker should, as that can lead to better results and a more desirable outcome for all. It’s not the federal government’s job to tell corporations how to compensate their executives.

David's Opinion
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10/14/2018
Not all bankruptcies are the same. Let the bankruptcy court decide how to restructure the business and how bonuses, salaries, or clawbacks are configured.
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Mike's Opinion
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10/14/2018
It doesn't seem right to be compensated to keep creditors from being paid. However, the government's job doesn't involve the inner workings of business; unless illegal actions are taking place.
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JTJ's Opinion
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10/15/2018
This is not the business of the federal government.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on the Judiciary
    IntroducedSeptember 26th, 2018
    If your company is failing you shouldn’t be rewarded, it’s that simple.
    Like (254)
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    Not all bankruptcies are the same. Let the bankruptcy court decide how to restructure the business and how bonuses, salaries, or clawbacks are configured.
    Like (41)
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    If a business fails, it’s usually due to poor management by the upper management staff. Why should they receive bonuses when they’re clearly not doing their job?
    Like (151)
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    We must enforce accountability for fiscally irresponsible behavior. I support this measure.
    Like (108)
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    Failure has consequences.
    Like (57)
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    I think this is a no brained. There are employees and shareholders that have a claim to that money before the people who caused the issues... of executives take bonuses and file for bankruptcy then that is stealing
    Like (45)
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    Seriously? You even have to ask this question? Gee, 'I'm gonna run company x into the ground but it's all good, I still get me 6 figure bonus while the employees scramble to pay their bills'. Does that sound about right? If you're fine with this, YOU are the problem.
    Like (43)
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    If they are Bankrupt where the money coming from to pay Executives!!!! The little people who work for them deserve the bonus for staying
    Like (38)
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    Poor management shouldn’t be rewarded.
    Like (35)
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    DEFINITELY, fILING Bankruptcies = NO BONUSES and NO PAY and or BENEFIT INCREASES or EXTENTiONS and NO LUMP SUM ONE TIME PAYOUTS!!!!! IF LOAwEST PAID WORKERS LOSE BENEFITS so do Executives!!!
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    Yes! For example, if a property corporation built a casino in Atlantic City NJ, then filed bankruptcy, therefore, didn’t pay the multitude of trades who constructed the casino. The bankruptcy caused some of trade companies to go out of business. However, because the property corporation used loopholes in the bankruptcy laws, the property corporation continued to buy properties, continued to build and continued to file bankruptcy using the loopholes to renege on paying the trades. Yet, the property corporation continued to ‘reward’ their executives with bonuses at the end of their fiscal year. Sound familiar? The practice of paying executives a bonus when the company itself files bankruptcy is completely unfair, wrong and should be illegal.
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    Those responsible for the mismanagement that led to bankruptcy, should not profit from their erroneous ways.
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    It doesn't seem right to be compensated to keep creditors from being paid. However, the government's job doesn't involve the inner workings of business; unless illegal actions are taking place.
    Like (14)
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    Absolutely, they should be prohibited. This really is a no-brainer. If they don’t have money to pay salaries or repay creditors, then they have no business paying bonuses to executives. Furthermore, if execs drove the company to bankruptcy...THEY DON’T DESERVE A BONUS!
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    Just what would they be paying them bonuses for? Getting them to bankruptcy? Oh for crying out loud, these companies have obligations to their suppliers and lenders. They had an obligation to their shareholders to stay the heck out of bankruptcy. No this isn’t the time to hand out bonuses and run up credit cards. It’s the time to be fiscally responsible for a change and be accountable for past mistakes. Draw up a recovery plan. Nows the time to give back your bonuses and stock options, not get more.
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    This is so obvious it is painful 😖.
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    The highest ups in a company should be paid solely based off how the company is doing. I don't believe they should ever receive a salary or any kind of bonus
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    Shareholders and employees are the big losers when a company files bankruptcy. Upper management should share in the loss as well.
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    Why should executives get bonuses when companies fail? Bonuses should be for a business that is successful.
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    Yes, but it's not the government's job. If I'm an investor in a company that has mismanaged itself into bankruptcy, I would want the heads of anyone who is giving themselves bonuses while restructuring debts. If it happens anyway and heads don't roll, then a majority of the investors don't care, in which case who is the government to tell them they have to care? I think that's stupid and irresponsible, but why is it illegal to be stupid and irresponsible? The market can self-regulate this.
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