Google| Subject | Re: Calumet files Chapter 7 |
| From | PeterN |
| Date | 03/22/2014 00:05 (03/21/2014 19:05) |
| Message-ID | <lgigh2020oh@news1.newsguy.com> |
| Client | |
| Newsgroups | rec.photo.digital |
| Follows | Robert Coe |
On 3/20/2014 9:30 PM, Robert Coe wrote:
<snip>
Robert CoeI have seen to parachutes disregarded. I have also seen pre-planned bankruptcies, where a bailout is prearranged. Often only the creditors get screwed, as do the employees, through loss of their pension funds. However, the latter would b rare in a retail chain..
Translation: There wouldn't have been time for the officers to find a way to take care of themselves before the s*** hit the fan. Understand that I don't know that that's what happened in this particular case, but it IS a time-honored capitalist strategem.
Bob
-- PeterN
03/13/2014-
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