Re:On eve of bankruptcy, US firms shower executives with bon...
by kelnos on Saturday July 18, 2020 @08:20AM
(#23880910)
This really just perpetuates the attitude that the only thing that matters is finance, and all the workers can just go pound sand.
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Re:On eve of bankruptcy, US firms shower executives with bon...
by scarface74 on Saturday July 18, 2020 @09:04AM
(#23881142)
It is. The only purpose of a business is to make money. If workers are so hurt by being laid off, that’s not the fault of corporations acting rationally. That’s the fault of our system where the government doesn’t have an adequate social safety net in place. We should stop expecting corporate America to be responsible for “taking care of their employees”.
There job should be to focus on profits and pay taxes to support social programs.
Re:On eve of bankruptcy, US firms shower executives with bon...
by dehrmann on Saturday July 18, 2020 @02:20PM
(#23883518)
> The only purpose of a business is to make money.
It's also the only reason workers show up.
Re:On eve of bankruptcy, US firms shower executives with bon...
by koheripbal on Saturday July 18, 2020 @10:06AM
(#23881459)
Any worker that had stock options comp and is needed for the bankruptcy process will get similar good deals.
Who told you companies weren't about making money? That's literally the point of them.
Re:On eve of bankruptcy, US firms shower executives with bon...
by dehrmann on Saturday July 18, 2020 @02:18PM
(#23883496)
I'm a proponent of balancing shareholder, employee, and customer interests, but we're talking about bankrupt companies; those workers are losing their jobs regardless. You're paying the finance team to hang around so employees get their last paychecks rather than lining up as creditors in the bankruptcy court.