11 min listen
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)
Crypto Daily 3@3 - 7.9.19 | Deutsche Bank layoffs; Does Libra drown the BTC narrative? + more: Deutsche Bank announces 18k layoffs & a photo instafamous memes a tailor with a Bitcoin bag as a fired banker Strong counter argument against the idea that Libra is somehow good for Bitcoin A new platform for fractionalized art and culture... by The Breakdown