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Why Are Execs of Bankrupt Companies Being Rewarded With Millions?

Why Are Execs of Bankrupt Companies Being Rewarded With Millions?

FromThe Breakdown


Why Are Execs of Bankrupt Companies Being Rewarded With Millions?

FromThe Breakdown

ratings:
Length:
23 minutes
Released:
Jul 15, 2020
Format:
Podcast episode

Description

Today on the Brief: A followup on Tesla, corporate earnings and PayPal’s crypto ambitions New COVID-19 shutdowns in California  Small businesses on the brink  Our main conversation: Bloomberg has reported recently bankrupt companies including J.C. Penney and Hertz had provided executives with more than $131,000,000 in bonuses.  On this episode of The Breakdown, NLW examines: The logic behind these bonuses Why that logic is stupid  How this sort of reward for personal failure in the wake of 2008 led to the rise of populism on the right and left  Why we should allow companies to fail  Why people’s sense that the system is a crony system isn’t wrong
Released:
Jul 15, 2020
Format:
Podcast episode

Titles in the series (100)

A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of The Breakdown Network.