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They walk away with the profit because that's how this country works. Business owners have little to no risk when the company gets large enough. Edit: YELLOW i
by jklinger410 3y ago
They walk away with the profit because that's how this country works. Business owners have little to no risk when the company gets large enough.
Edit: YELLOW is publicly traded and is going into bankruptcy. They posted positive earnings and their CEO got his bonuses last year.
I'll let you all guess whether their leadership team gets their full comp for 2023 or not, while all the employees are told to pound sand.
- justrealist 3y agoThey walk away with $0 in equity.
- jklinger410 3y agoThey have filed for bankruptcy, so leadership will still likely get their compensation packages. I'm not going to waste time doing the research, but I would assume leadership had been receiving all of their usual comp and bonuses right up until the end as well. The workers will get $0.
- justrealist 3y agoThose aren't the owners. And since the bonuses are in stock, those aren't going to be worth anything. > I'm not going to waste time doing the research Yeah that's pretty clear.