Five Days Before It Filed For Bankruptcy, Whiting Execs Got $15 Million In Bonuses
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Five Days Before It Filed For Bankruptcy, Whiting Execs Got $15 Million In Bonuses

Just days Whiting Petroleum it became the first shale casualty of the current oil price crash, when it filed for prepackaged Chapter 11 bankruptcy on Wednesday morning after the plunge in oil prices left it unable to pay its debts, the company's board - supposedly with the approval of the company's creditors - approved $14.6 million in cash bonuses for top executives.

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