With their famous jingle... uhhhh... I'm sure they had one.
tens of people at least!
Did the current executives ruin the company? If so, do they have crucial information and experience needed to steer the company during bankruptcy? If not, is there a market value for executive positions to guide a company through bankruptcy? If your goals during bankruptcy is to hit specific targets, and you exceed them, does that not warrant bonuses?
Also, it's Chapter 11 bankruptcy, so the company is not going away immediately.
Why are you reading this? go to your general settings and uncheck the Show Signatures box already!
I think the CEO has only been there for a couple of years. This seems like more of a retention thing rather than any sort of golden parachute shenanigans.
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