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Everyone wants a good deal from their supplier. But when is a company crossing the line to supplier bullying?
GT Advanced Technologies has reached a deal to resolve debt it took on to become an Apple iPhone supplier, according to a report.
A U.S. judge on Friday rejected a plan to pay millions of dollars in bonuses to top executives of bankrupt miner Molycorp Inc, two days after GT Advanced Technologies Inc failed to get approval of a similar plan. Molycorp, which filed for bankruptcy in June, had said the bonus plan would align executives' goals with those of its creditors to maintain the value of the rare earth miner's business. Molycorp's creditors and the United Steelworkers union opposed the plan, which could have paid up to $2.9 million in bonuses, saying it was being funded in part by idling a California mine and laying off the workforce there.