Executive bonus probably taken back by trustee. As for employee severance looks as if the d.emocrats are trying to find another identity group for political purposes and a law to push.
When did employers become keepers of entitlements?
I’m so old I remember when Boards of Directors only gave bonuses for exceptional performance. Nowadays it’s money for nothing and the girls are free.
After the carcass is picked clean by the creditors, the employees might still get something. Perhaps a “Thank you” card for their loyal service to the company (while the executives partied on like it’s 1999).
Mama said there are no free lunches and you can’t get blood out of a turnip. These are generally good rules to live by unless progressive judges and courts are involved. Then business contracts get tossed aside for political correctness considerations.
Best advice I know is “Investors as well as employees have got to know their limitations”. (Forgive me Clint Eastwood.) In a capitalist society you could lose your investment. It’s not like today where they teach at the grade school level “We are all equal and everybody is a winner”. They aren’t and they aren’t.
It’s quite oblivious there is some racism involved here. /s
It would be nice, if Toys “R” Us can afford to do it. I’m not sure if they’re entitled to it.
Severance is paid by companies with money. Bankrupt companies don’t have money. Therefore...