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Discussion and Debate
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Donald trump
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<blockquote data-quote="JackRT" data-source="post: 71725833" data-attributes="member: 381486"><p>"Strategic reasons" meaning getting court protection from your creditors. Why? Because the company is either failing due to mismanagement or obsolescence or because it is simply not profitable enough. Who suffers? The creditors and the workers. Who comes away smiling? The CEO and his/her executive team. They will probably collect bonuses for a well managed bankruptcy while the workers are stiffed for their back pay and their pensions.</p></blockquote><p></p>
[QUOTE="JackRT, post: 71725833, member: 381486"] "Strategic reasons" meaning getting court protection from your creditors. Why? Because the company is either failing due to mismanagement or obsolescence or because it is simply not profitable enough. Who suffers? The creditors and the workers. Who comes away smiling? The CEO and his/her executive team. They will probably collect bonuses for a well managed bankruptcy while the workers are stiffed for their back pay and their pensions. [/QUOTE]
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