From: stephen@sprunk.org   
      
   On 22-Aug-14 11:20, Adam H. Kerman wrote:   
   >> While the actually responsible pondscum will take their golden   
   >> parachute and get away with it.   
   >   
   > A golden parachute from a bankrupt company? Uh, no.   
      
   Bankruptcy means the company has decided to ask a court to allow it to   
   not pay some of its debts because it is insolvent, but that doesn't mean   
   the company has no cash or is unable to pay _any_ of its debts.  Wages   
   (including contracted bonuses) are relatively high on the priority list   
   of debts for bankruptcy courts, unlike pension benefits that are near   
   the bottom of the list.   
      
   S   
      
   --   
   Stephen Sprunk         "God does not play dice."  --Albert Einstein   
   CCIE #3723         "God is an inveterate gambler, and He throws the   
   K5SSS        dice at every possible opportunity." --Stephen Hawking   
      
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