Eli5: How do CEOs from failing companies bail out with golden parachutes? Where does the money come from?
In: Economics
the company still has money. Even companies “in the red” have money, they just also have debts that exceeds the amount of money they have made. But that doesnt mean they stop paying employee benefits, even if that is the severance package for the CEO. They keep trying to honor their obligations until they cant.
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