Current Events > Somebody tell me how CEOs come out with a lot of money after the company closes?

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AzNDarkSamurai
07/29/21 10:36:21 AM
#1:


If a company goes under shouldnt that hurt the pockets of the CEO too? how exactly CEOs escape with a lot of money if their company went under?


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s0nicfan
07/29/21 10:38:17 AM
#2:


It's part of their contract, almost like a sign on bonus. I'm sure there are plenty of CEOs that don't have one, but presumably the ones that do have a good enough track record that the company is willing to offer it to them in exchange for their time.

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Tyranthraxus
07/29/21 10:40:26 AM
#3:


AzNDarkSamurai posted...
If a company goes under shouldnt that hurt the pockets of the CEO too? how exactly CEOs escape with a lot of money if their company went under?
99.999% of CEOs lose everything. The CEOs that walk away with tons of money like TRU just get more publicity.

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Derwood
07/29/21 10:40:51 AM
#4:


golden parachutes are how the 0.1% keep themselves from ever having to join the 99.9%
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gunplagirl
07/29/21 10:42:57 AM
#5:


Derwood posted...
golden parachutes are how the 0.1% keep themselves from ever having to join the 99.9%
This, and they always can liquidate stuff to make money to run off with.

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RchHomieQuanChi
07/29/21 10:42:59 AM
#6:


Derwood posted...
golden parachutes are how the 0.1% keep themselves from ever having to join the 99.9%

This

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gamer167
07/29/21 10:46:12 AM
#7:


Even a failed company is still worth something, and the CEO and primary share holders own the company. Theyre not gonna let themselves go under without something in return.

Minority shareholders get screwed though obviously, just cash out on worthless stocks.
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Questionmarktarius
07/29/21 11:05:17 AM
#8:


Tyranthraxus posted...
The CEOs that walk away with tons of money like TRU just get more publicity.
This is usually a "Sears" scenario, where the various C-levels are intentionally running the company into the ground.
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