Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11

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One thought on “Bonuses before bankruptcy: Companies doled out millions to executives before filing for Chapter 11

  1. I favor capitalism over all other forms of economic commerce. Corporate and individual greed is the single greatest threat to capitalism. It fuels the fires of the socialist activists.

    I prefer minimal regulation, but we probably need some form of “claw-back” regs to recover funds that are paid out to executives during any six month interval preceding a bankruptcy filing. Probably also need regs that prevent any C-level executives and all board members from serving in any capacity in any corporation that is reorganized following bankruptcy. They failed. They should not be rewarded with continued employment and remuneration.

    And the government should never “bail out” any industry or company. Nothing is too big to fail. Let the chips fall regardless of how big or necessary a company. Capitalism will quickly fill the void.

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