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A comment on Texas electric firm files for bankruptcy citing $1.8B in claims. Parent comment

Re:Texas electric firm files for bankruptcy citing $1.8B in ... by rocqua on Monday March 01, 2021 @07:06AM (#26301940)
I think that means there is still profit, just that profits are not payed out to investors. Hence they have to be re-invested or kept as savings.

Salary leaves a bit of a loophole, not sure how that is regulated.

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Re:Texas electric firm files for bankruptcy citing $1.8B in ... by clcaev on Monday March 01, 2021 @07:23AM (#26302077)
Unlike many private universities, rural electric cooperatives are controlled democratically by member-owners. In this case, it was a nested structure: the members were a dozen of local distribution cooperatives. Those distribution cooperatives have households for their member-owners. So, the power to regulate executive salary by households was there.
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