Published April 12, 2012, 11:33 AM
ND company seeks exec bonuses in bankruptcy
A company that runs a Fargo drug testing center wants more than $1 million in executive bonuses as part of a bankruptcy reorganization plan.
FARGO, N.D. (AP) — A company that runs a Fargo drug testing center wants more than $1 million in executive bonuses as part of a bankruptcy reorganization plan.
Cetero Research is based in North Carolina. It does early testing of new drugs. It has almost 400 employees in Fargo and a facility with more than 500 beds.
The company wants a bankruptcy judge to approve an employee incentive plan that would pay more than $1 million in bonuses to more than a dozen executives.
Cetero says the top officials have taken on extra work during the company's bankruptcy reorganization.
The Forum reports a company spokeswoman wouldn't comment on the proposed bonuses.
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