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A comment on Convoy collapse: Read CEO's memo detailing shutdown of Seattle trucking startup. Parent comment

Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by akavi on Thursday October 19, 2023 @04:29PM (#37948300)
I don't see where you're seeing execs making any money off of Convoy in that quote.

If there are any outstanding debt obligations (which I expect there are), then those would be senior to voluntary severance even if the company hadn't spent its literal last dollar.

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Re:Convoy collapse: Read CEO's memo detailing shutdown of Se... by vic-traill on Friday October 20, 2023 @02:08PM (#37959513)
was on track to run out of money in a matter of weeks (from TFA) != it ran out of money, it failed, there is nothing left (your comment)

I appreciate you were focused on the exec compensation part of the dialogue. Just noting that the money was not yet all gone.

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