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A comment on On eve of bankruptcy, US firms shower executives with bonuses. Parent comment

Re:On eve of bankruptcy, US firms shower executives with bon... by luckylion on Saturday July 18, 2020 @06:11AM (#23880351)
On the other hand, it frees up resources and market share for companies that have better policies and are looking beyond a 30 day time frame.

And it's not like the house would burn down. The assets wouldn't go poof, they'd be auctioned off. The employees will lose their jobs, but then again, a competitor will be hiring because they will have more business, unless there is no market for the offered product at all. And if there's no market at all, then why would we want to spend resources to run a company serving it? An expensive real-life Company Simulator 2000?

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Re:On eve of bankruptcy, US firms shower executives with bon... by Spartan-S63 on Saturday July 18, 2020 @06:54PM (#23885520)
Exactly. We should be encouraging policies that flush out value-less companies. The financial markets can't be the winners of capitalism. The consumers have to be the winners of capitalism and the only way you do that is by finding ways to make money change hands more rapidly and making markets more perfectly competitive.
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