Reading about this bankruptcy, it's like the new version of creative accounting loopholes. It's just 100% all legal because they make their case infront of a judge.
Padding bonus, 10% share of the company, and getting bigger severance pay while cutting payroll and pension when they are running the company into the ground? Very creative way to get what they want but legally restructuring it into the bankrupcy filing.
Even the CFO got a new job into chief restructing officer when he should fired and lynched. I swear if you are incharge of company and loss that much money you should be hung from a tree, not promoted to a new position.
|