4 ms·

So this seems terrible and unfair. The argument in favor of this sort of thing (not made specifically here, but one that I have heard made in the past) is that

So this seems terrible and unfair. The argument in favor of this sort of thing (not made specifically here, but one that I have heard made in the past) is that this kind of compensation for executives as necessary to prevent them from abandoning a sinking ship and leading to an orderly shut down. Perhaps somebody, more knowledgeable than myself, can weigh in on how we can compensate executives not to run away, but prevent this kind of abuse?

howard941 8y ago
One change would be to remove or at least extend to 8 years the fraudulent conveyance lookback as it relates to insiders. Another change would demand aggressive Chapter 11 Plan policing by United States Trustees or Bankruptcy Administrators so we see more matters resolved in the manner of Enron and fewer like Toys 'R Us and where this one is heading.