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Revlon to Pay Executives $36 Million in Bankruptcy Bonuses

  • CEO Debra Perelman could collect as much as $10.6 million
  • Judge overruled objection to the bonuses from US Trustee
Revlon CEO Debra Perelman

Revlon CEO Debra Perelman

Photographer: Bebeto Matthews/AP Photo

Revlon Inc.’s plan to give bankruptcy bonuses to its top executives won approval by a federal judge Wednesday despite opposition from the US Justice Department’s watchdog. 

Revlon’s Chief Executive Officer Debra Perelman could collect as much as $10.6 million, the company said in court papers seeking approval of the bonus program. Under the proposal, eight senior executives would receive as much as $36 million, should the company hit certain financial and other metrics.