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How would it possible help in this situation? The game is over and everyone knows exactly where all the money is. It will just be distributed back to the credit
by pseg134 3y ago
How would it possible help in this situation? The game is over and everyone knows exactly where all the money is. It will just be distributed back to the creditors and then remaining to the shareholders. Who needs the CFO for that? Basically anyone could run that process.
- paulddraper 3y ago> everyone knows exactly where all the money is Bank accounts, contacts, loans, real estate, equipment, IP, etc. For a (once) multi-billion 1500-employee logistics business, it's more involved than you give credit for.
- Retric 3y agoThe CEO/CFO isn’t going to know all the nitty gritty details. Retaining them is about solving different problems than what specific asset is where.
- paulddraper 3y agoWe went from "everyone knows where the money is" to "the CFO doesn't know the details." HN is wild :/
- Retric 3y agoWords have different meaning in different contexts. If your CEO is looking at records of individual office chairs when unwinding a billion dollar company someone has seriously fucked up. They don’t and shouldn’t know the details by memory. However, the details are either available so everyone ‘knows’ them as soon as they become relevant, or the executive officers have been committing serious financial crimes.