In the News

Bloomberg Speaks to Mark Andrews About Executive Bonuses at Failing Oil Companies

June 8, 2020

Mark Andrews, Dallas-based Senior Counsel in Dykema’s Bankruptcy Practice Group, was quoted in Bloomberg’s article, “Bankruptcy Is a Jackpot for CEOs Helming Failed Oil Companies.”

The article describes oil company executives who receive bonus payouts even though their companies may be in bankruptcy and their workers face pay cuts or layoffs. Andrews says the payouts are made because expensive external consultants would have to be hired to conduct forensic analysis if management left the company.

Bloomberg subscribers may read the entire article here.