Toys R Us chiefs’ £10.5m bonuses

TOP bosses at Toys R Us are set to be paid £10.5m in bonuses despite the company going bankrupt and shutting a quarter of its UK stores.

A US judge has ruled that 17 executives can be handed the payouts if they meet performance targets of £410m in sales during the run-up to Christmas. Toys R Us said it needed to offer bonuses to motivate them.

Toys R Us filed for bankruptcy in the US and Canada in September.

The decision to pay bonuses came despite the US bankruptcy watchdog saying Toy R Us bosses earned more than industry rivals.