Companies that went bankrupt in the pandemic and gave their CEOs $1 million+ bonuses: Hertz JCPenney Chuck E Cheese Purdue Pharma Ann Taylor, Loft & Lane Bryant GNC Neiman Marcus Men's Wearhouse and Jos. A. Bank Modell's 24 Hour Fitness dozens more who are the freeloaders again?
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Just to be clear, would you prefer A) the company not pay the CEO the pay, the CEO to leave, and the company to go through bankruptcy without a CEO? B) the company to hunt for a new CEO while bankrupt and have to negotiate pay with new CEO
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I mean companies, boards, judges, courts, CEOs all have choices here… and median US CEO pay in the US is 770k. Also note that the state of affairs of a bankrupt company is way more complex than that of a normal company. You’d need a more qualified than average person
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They pulled the offering.
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