The company warned that its losses, the pandemic and pending debt payments raised substantial doubt about its ability to continue as a going concern. Yet in June, while it skipped a $6.7 million interest payment, the company awarded its executives and other key employees more than $5 million in cash retention awards.
Such awards are often given before a company files for bankruptcy.
Therein lies the problem with this "SYSTEM" that is in place. The excutives should be stripped of those BONEUSUS and jailed. Their property including that which has been hidden should also be forfeited.
Same thing should have been done in 2008 but it wasn't
..and the Stock Market continues to rise. Mom & Pop stores & restaurants closing permanently, I just can't fathom that the Market can't see how the financial cliff we IMHO are headed for: There's only been the stimulus supporting consumer spending... it isn't an increase in revenue, value or equity that justifies the continuing rise.
Long term we will be OK, ...I guess I just don't see how we get there without a prolonged depression..
- Art
