WASHINGTON — Executives at Solyndra, the solar-panel maker that collapsed after receiving more than $500 million in government loan guarantees, were awarded quarterly bonuses worth up to $60,000 apiece earlier this year as the California company headed for bankruptcy, court documents show.
Documents filed by the company in US Bankruptcy Court in Delaware show the well-paid executives such as CFO Wilbur Stover were given bonuses in April and in July, just months before the company filed for bankruptcy in September and laid off 1,100 workers.
The details add to the narrative of what was happening behind the scenes in the year leading up to the company’s financial collapse, though congressional Republicans investigating the matter are looking for more details.
A representative with Solyndra did not return a request for comment yesterday.