I also read something to the effect that execs at Lehman Brothers received bonuses after their bankruptcy was filed. WHAT A BONUS!!

hor-ren-dous. God only knows how many other "shenanigans" were done by other bailees.

I wouldn't get too pissed off. They probably had this setup some time ago. What you should get pissed off at is we're bleeding red ink all over the place, let's go on a retreat anyway attitude.

I also read something to the effect that execs at Lehman Brothers received bonuses after their bankruptcy was filed.

I would be skeptical of that. Such expenditures would have to be approved the by bankruptcy court, and I suspect that the court's Trustee would scream bloody murder over any bonuses to be paid out (as would the creditors). I would hazard a guess that the court will say NO.

"I wouldn't get too pissed off. They probably had this setup some time ago."

Yes, but you take the penalty, in their case it might have been $200,000, to cancel the event and you still end up saving something. This was a bad PR move.