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Spirit Airlines CEO Got a $3.8M Bonus a Week Before Its Bankruptcy

(www.thebignewsletter.com)
34 points toomuchtodo | 5 comments | 21 Nov 24 02:42 UTC | HN request time: 0.984s | source
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benchmarkist ◴[21 Nov 24 03:11 UTC] No.42200729[source]▶
Losses are socialized, profits and bonuses are privatized. That's how the current system is set up to work.
replies(1): >>42200739 #
1. tracerbulletx ◴[21 Nov 24 03:13 UTC] No.42200739[source]▶
This is not an example of that..
replies(2): >>42201673 #>>42202773 #
2. benchmarkist ◴[21 Nov 24 06:26 UTC] No.42201673[source]▶
Who is footing the bill for the bankruptcy?
replies(1): >>42202841 #
3. euroderf ◴[21 Nov 24 10:16 UTC] No.42202773[source]▶
How much of this bonus will be clawed back in bankruptcy proceedings ?
4. gorbachev ◴[21 Nov 24 10:27 UTC] No.42202841[source]▶
The owners of the company.
replies(1): >>42205692 #
5. tracerbulletx ◴[21 Nov 24 16:07 UTC] No.42205692{3}[source]▶
Yeah and at least some of the creditors.