3 ms·
It seems appropriate that a company's own pensions should be senior claims over shareholders which might indirectly be responsible for part of other pensions or
by wfleming 2y ago
It seems appropriate that a company's own pensions should be senior claims over shareholders which might indirectly be responsible for part of other pensions or retirement funds somewhere down the line.
- snapplebobapple 2y agoIndeed. It seems next level insanity that we dont have wage liabilities (capped at some decently high amount per month like 10k a month to avoid c suite abuse) at the absolute front of the line followed immediately by pension liabilities (again with some capping mechanism to avoid c suite abuse) and then followed by everything else in the evemt of a bankruptcy enshrined in bulletproof law. It should just be how it works with no exceptions.