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2020-07-18 Economy
On eve of bankruptcy, U.S. firms shower execs with bonuses
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Posted by Besoeker 2020-07-18 08:07|| E-Mail|| Front Page|| [10797 views ]  Top

#1 "But the firms seized on a loophole by granting payouts before filing."

"Seized on a loophole" like hyenas over a zebra. And I suppose that loophole will be closed very soon? Yeah, right.

And we should hardly be surprised. Although I different scenario, I think the most egregious was United Airlines C-Suite pukes receiving (awarding themselves?) bonuses when they demanded their employees to take pay cuts after 9/11 to "save the company".
Posted by Clem 2020-07-18 08:45||   2020-07-18 08:45|| Front Page Top

#2 Close the loophole with a 365 days prior to filing time limit.
Posted by Procopius2k 2020-07-18 09:14||   2020-07-18 09:14|| Front Page Top

#3 In fairness, their efforts in diversity, Muslim outreach and climate change initiatives have been outstanding.

And isn't that the whole point of corporations?
Posted by charger 2020-07-18 12:02||   2020-07-18 12:02|| Front Page Top

#4 99% of corp execs these days are idiots. That is why their companies are in bankruptcy in the first place.
Posted by Ebbomoger Speaking for Boskone4589 2020-07-18 20:49||   2020-07-18 20:49|| Front Page Top

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