Why is it that these jerks can run a company into the ground and walk away with golden parachutes? I used to have some stock in a company that went bankrupt. By the time the creditors were paid, my stock was worthless. Why should the executives be in any better shape?
I wonder if bankruptcy law protects these executive severance packages. If so, why shouldn’t they be rendered null and void if the company fails? Let the assets be distributed to creditors and shareholders instead!
You guys have no clue what you’re talking about.