Reginal Thomas
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RadioShack Offers Its Top Executives Retnetion Bonuses After Terrible Losses

After posting its eighth straight quarterly loss along with a 20% decline in revenue, Radio Shack has agreed to pay its top executive retention bonuses, stating their skills are critical to the company turnaround. Chief Executive Officer Joe Magnacca will get $500,000 payment, while other executives will receive payments of $187,500 to $275,000. Magnacca is also eligible for another bonus of $600,000 if he meets performance goals next year. In order to receive the bonuses the executives must stay with the company through March 1, 2015.