WHITE PLAINS, N.Y. – The judge in A&P’s Chapter 11 bankruptcy case on Tuesday approved a short-term incentive program for some salaried employees but sent the retailer’s top executives back to the drawing board. The decision simultaneously satisfied and disappointed both A&P and its creditors. Sam Martin, A&P’s chief executive officer, testified Tuesday that an immediate incentive plan was crucial to the company’s operational and financial turnaround but creditors successfully ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.