The pandemic caused many businesses to struggle, so why did so many pay their executives giant bonuses after filing for bankruptcy? Ana Kasparian discusses on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live Read more HERE: https://time.com/6104555/covid-executive-bonuses-bankruptcy/ “The last time Congress made a major change to bankruptcy laws in 2005, legislators cleverly inserted a provision that barred troubled companies from tucking executive bonuses into the books right as they were skidding through bankruptcy unless a judge signed-off on the paycheck. The thinking was pretty straightforward: the execs at the wheel during their companies’ crash shouldn’t get lavish payouts while creditors were, at best, going to get pennies on the dollar for their debts. Back then, in 2005, the memory of Enron’s 2001 collapse was still fresh and the enduring populist rage about the 2008 Wall Street bailout was on the horizon. Almost two-thirds of Americans thought income inequality was an unfair feature of the American system back then, and back-door paydays were roundly loathed.”* *** The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET. Help support our mission and get perks. Membership protects TYT’s independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ https://www.youtube.com/TheYoungTurks/join SUBSCRIBE on YOUTUBE: ☞ http://www.youtube.com/subscription_center?add_user=theyoungturks FACEBOOK: ☞ http://www.facebook.com/TheYoungTurks TWITTER: ☞ http://www.twitter.com/TheYoungTurks INSTAGRAM: ☞ http://www.instagram.com/TheYoungTurks TWITCH: ☞ http://www.twitch.com/tyt 👕 Merch: http://shoptyt.com ❤ Donate: http://www.tyt.com/go 🔗 Website: https://www.tyt.com 📱App: http://www.tyt.com/app 📬 Newsletters: https://www.tyt.com/newsletters/ If you want to watch more videos from TYT, consider subscribing to other channels in our network: The Damage Report ▶ https://www.youtube.com/thedamagereport TYT Sports ▶ https://www.youtube.com/tytsports The Conversation ▶ https://www.youtube.com/tytconversation Rebel HQ ▶ https://www.youtube.com/rebelhq TYT Investigates ▶ https://www.youtube.com/channel/UCwNJt9PYyN1uyw2XhNIQMMA #TYT #TheYoungTurks #BreakingNews 211013__TA04Execs by The Young Turks
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