Big Bucks for Big Execs in Bad Times

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We all know corporate executive pay has gotten way out of hand, especially in these times of massive layoffs of rank-and-file workers. But the practice of bankrupt and bankrupt-to-be companies paying out huge “retention bonuses” to select execs is especially repulsive. These are often the guys that got these companies into their sad states and to reward them just seems ridiculous. And retention? C’mon, the labor market sucks, where are these guys going? It’s a very Stupid practice, but what’s more it’s a very bad practice.

Read about some of the more recent cases of this crap at Penney, Hertz and even Chuck E. Cheese in my new Forbes.com post: https://www.forbes.com/sites/warrenshoulberg/2020/06/09/pre-bankruptcy-retention-bonusesat-hertz-penney-libbey-others-are-rampant/#26f31237584d

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