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Paper Source requests $1 million in bonuses amid bankruptcy as vendors languish without pay

Paper Source requests $1 million in bonuses amid bankruptcy as vendors languish without pay Christine Haughney and Liz Brown-Kaiser and Christian Peña © Provided by NBC News In the heart of the pandemic, when thousands of the nation’s retail stores were closed, the stationery chain Paper Source paid its top seven executives a combined $1.47 million in bonuses. Now that the company is in bankruptcy, its executives are seeking an additional $1 million in potential bonuses at the same time that many of the vendors it works with largely greeting card companies run by women are struggling to be repaid as little as $5,000.

Paper Source, Inc. Announces Acceptance of Stalking Horse Bid by MidCap Financial