Originally Posted by TJP
Quote
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. twocents

Same thing should have been done in 2008 but it wasn't frown


And therein really lies the problem, EVERYTHING above mentioned is PERFECTLY legal, and IMO, morally reprehensible.

The concept of doing the right thing, and staying between the "guardrails", is no longer the MO, from the top down.

Nothing can change until you change the top.


Reality check, that half the population is smarter then 50% of the people and it's a constantly contested fact.