Fail at everything and get promoted
(written by lawrence krubner, however indented passages are often quotes). You can contact lawrence at: lawrence@krubner.com
SourceThe U.S. Trustee in the Toys R Us bankruptcy case has filed a strongly worded objection to the company’s plan to pay between $16 million and $32 million to its 17 most highly paid executives.
“It defies logic and wisdom,” the objection by Trustee Judy Robbins states, that Toys R Us is proposing “multi-million dollar bonuses for the senior leadership of a company that began the year with employee layoffs and concludes it in the midst of the holiday season in bankruptcy,”
“Apparently,” Robbins said, “This Christmas, Toys R Us intends to deliver not only ‘children their biggest smiles of the year’ but the insiders, too,” which is a reference to court claims by Toys R Us that its number one goal is to keep children happy.
Robbins noted that five of the top Toys executives also received $8.2 million in retention bonuses five days before the bankruptcy filing in September. Those bonuses included a $2.8 million payment to Chief Executive Dave Brandon “just to stay with the company,” the objection states.
October 18, 2018 7:15 pm
From Ahmed O Ali on The multiplicity of truth during the era of the Internet
"I think that the old attempts to unify the truth are the result of power, but today we are going to facts that..."