Court filings show Sea Island Company executives were paid fat bonuses in the year before the coastal Georgia resort operator filed for bankruptcy protection.
The bonuses — totaling $510,000 and shared by five Sea Island executives — came up during a meeting of creditors in the Chapter 11 case Wednesday in Brunswick. The heftiest bonus was $222,000 paid earlier this year to David Bansmer, Sea Island Company's president. Bansmer says he understands the bonuses could upset people after the company eliminated jobs and cut salaries.
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