Date: 2009-01-15 12:20 am (UTC)
It's called an "executive retention bonus", where the money is guaranteed whether or not the company goes under. The big creditors are going to be lucky to get 25 cents on the dollar during the liquidation, the employees are going to be lucky to get their last paychecks, and small book and magazine publishers are going to get worked over with a six-foot sandstone strap-on lubed with habanero juice, but the incompetents that directly caused the situation will always get every last penny promised them.
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