Maeve@kbin.earth to News@lemmy.world · 1 day agoHigh Diesel Prices Bankrupted 16 Trucking Companies in Just 30 Dayswww.thedrive.comexternal-linkmessage-square35linkfedilinkarrow-up1395arrow-down12file-textcross-posted to: [email protected][email protected][email protected][email protected]
arrow-up1393arrow-down1external-linkHigh Diesel Prices Bankrupted 16 Trucking Companies in Just 30 Dayswww.thedrive.comMaeve@kbin.earth to News@lemmy.world · 1 day agomessage-square35linkfedilinkfile-textcross-posted to: [email protected][email protected][email protected][email protected]
minus-squarethe_riviera_kid@lemmy.worldlinkfedilinkEnglisharrow-up42·1 day agoI’m willing to bet all of the CEOs of those companies voted for this.
minus-squaresome_designer_dude@lemmy.worldlinkfedilinkEnglisharrow-up16·1 day agoBecause bankruptcy means getting bought, which means payday.
minus-squarestoly@lemmy.worldlinkfedilinkarrow-up4arrow-down1·21 hours agoDoes it? The debt gets settled long before a payout.
minus-squareanswersplease77@lemmy.worldlinkfedilinkarrow-up7·19 hours agoYes all the time since the dawn of humanity and everywhere. They always take their share from the top of the crop first. I myself have seen CEOs cash out on bankruptcy while their workers still have months in unpaid wages and unpaid end of service: https://www.thestreet.com/automotive/rivian-ceo-walks-away-with-403-million-despite-huge-losses https://www.nbcnews.com/business/markets/ceos-rake-huge-sums-when-their-companies-go-bankrupt-flna1C7101027 https://www.ft.com/content/ca84483c-220c-42cf-a405-84b96a2d1b04 https://www.bizjournals.com/philadelphia/news/2026/05/05/qvc-group-ceo-rawlinson-2025-salary-bankruptcy.html
I’m willing to bet all of the CEOs of those companies voted for this.
Because bankruptcy means getting bought, which means payday.
Does it? The debt gets settled long before a payout.
Yes all the time since the dawn of humanity and everywhere. They always take their share from the top of the crop first. I myself have seen CEOs cash out on bankruptcy while their workers still have months in unpaid wages and unpaid end of service:
https://www.thestreet.com/automotive/rivian-ceo-walks-away-with-403-million-despite-huge-losses
https://www.nbcnews.com/business/markets/ceos-rake-huge-sums-when-their-companies-go-bankrupt-flna1C7101027
https://www.ft.com/content/ca84483c-220c-42cf-a405-84b96a2d1b04
https://www.bizjournals.com/philadelphia/news/2026/05/05/qvc-group-ceo-rawlinson-2025-salary-bankruptcy.html