Weirton seeks OK to give execs bonuses

MORGANTOWN, W.Va. (AP) -- Weirton Steel Corp. has asked a federal bankruptcy judge for permission to offer top executives $4 million in bonuses for staying with the company until it emerges from Chapter 11 bankruptcy protection.
Company president Mark Kaplan could get as much as $1.4 million under the plan. Chief executive D. Leonard Wise's package is worth a potential $1.35 million.
Nine other unidentified managers would receive a combined $666,000 in bonuses under the plan, or about half their base salaries.
Weirton Steel, the nation's No. 2 tin producer, sought bankruptcy protection in May after racking up more than $700 million in losses over five years.