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Generally it’s the shareholders approving these payments. It’s in their interest, and perhaps in the interest of the creditors as well, to have a competent mana
by mcrae 6y ago
Generally it’s the shareholders approving these payments. It’s in their interest, and perhaps in the interest of the creditors as well, to have a competent management team who know the company well in place to maximise enterprise value through Chapter 11.
- rightbyte 6y agoThe boards approve right? They are mostly a boys club rather than shareholder representatives. A executives union so to say.