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Yellow is a publicly-traded company. Shareholders are wiped out…such is the risk of investing
by boeingUH60 3y ago
Yellow is a publicly-traded company. Shareholders are wiped out…such is the risk of investing
- Aurornis 3y agoThe stock is actually up today: https://www.google.com/finance/quote/YELL:NASDAQ https://www.google.com/finance/quote/YELL:NASDAQ That's how broken their financial situation was. Shutting down might allow the shareholders to collect something. Maybe. Note that US Taxpayers are effective owners of about 1/3 of the company due to past loans.
- code_runner 3y agoI believe they are referencing executives not stock owners. I imagine a company like this going out of business is pretty profitable for execs... but thats just me guessing. Its entirely possible that this company was run by the few executives with souls and a sense of actual responsibility