3 ms·
> Companies are not allowed to take cash or sell the furniture to pay out employees...Any "retention bonuses" are to keep executives around for long enough to u
by ttymck 3y ago
> Companies are not allowed to take cash or sell the furniture to pay out employees...Any "retention bonuses" are to keep executives around for long enough to unwind the company in an orderly fashion.
Could you help me understand where the line is drawn?
- prasadjoglekar 3y agoThis line is drawn by the bankruptcy court, where creditors have a voice and agree to key management being in place for a wind down.
- ttymck 3y agoUnderstood. What about before bankruptcy begins? Who decides whether to pay severance, and how is that decision informed?