Yes, everyone knows that. The point is that if your company is bankrupt and you go to the bank for a loan and they say 'sure, but only if the CEO quits and forf

Yes, everyone knows that. The point is that if your company is bankrupt and you go to the bank for a loan and they say 'sure, but only if the CEO quits and forfeits all her shares', there's not much the CEO can do about that. The shares become worthless in a bankruptcy anyway. So I wondered why this never happened. But now I know: they have far more cash on hand than I ever dreamed would be left at this point.