Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $...
NEW YORK - Executives of the Philadelphia Energy Solutions oil refinery were paid roughly $4.5 million in retention bonuses after a summer fire that led to the plant’s closure and before the company filed for bankruptcy a few weeks later, court documents show.
The payments were made on July 5, about two weeks before PES filed for Chapter 11 bankruptcy, and while it was in the process of closing its 335,000 barrel-per-day refinery. Attorney John McShane received $875,500, Chief Financial Officer Rachel Celiberti was given $721,000 and deputy staff attorney Anthony Lagreca made $450,000. Refinery manager Daniel Statile, who had been on the job since March, was paid $325,000.
The last crude distillation unit at the PES refinery, the oldest and largest on the East Coast, was taken offline in late July.
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