washingtonpost.com

October 22, 2002, Page E02

WorldCom asked a federal bankruptcy judge to approve $25 million in retention bonuses for 325 executives and employees as the long-distance phone company reorganizes. The bonuses would equal 35 to 65 percent of employees' annual salaries, WorldCom said in a filing in U.S. Bankruptcy Court in Manhattan. Companies in Chapter 11 typically offer such "pay to stay" bonuses to key employees.

© 2002 The Washington Post Company

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