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According to the article it's a loophole > Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives retention bonuses whi
by hrasyid 6y ago
According to the article it's a loophole
> Under a 2005 bankruptcy law, companies are banned, with few exceptions, from paying executives retention bonuses while in bankruptcy. But the firms seized on a loophole by granting payouts before filing.