Adelphia Creditors Back Pay Package

A group of creditors for Adelphia Communications Corp. backed the company’s plan to pay two new executives up to $41 million, saying shareholders who oppose it are making a power play.

A committee of investors who lost millions in Adelphia’s bankruptcy filing says the pay deal for former AT&T; Broadband executives William Schleyer and Ronald Cooper is far too expensive.

But the creditors, which include Home Box Office, Viacom Inc. and U.S. Bank, claimed in court documents that the investor committee is “shamelessly hoping to ride the wave of corporate responsibility to further its own parochial interests.”