Why Are Execs of Bankrupt Companies Being Rewarded With Millions?

<p><span style="font-weight: 400;">Today on the Brief:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">A followup on Tesla, corporate earnings and PayPal’s crypto ambitions</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">New COVID-19 shutdowns in California </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Small businesses on the brink </span></li> </ul> <p><span style="font-weight: 400;">Our main conversation:</span></p> <p><span style="font-weight: 400;">Bloomberg has reported recently bankrupt companies including J.C. Penney and Hertz had provided executives with more than $131,000,000 in bonuses. </span></p> <p><span style="font-weight: 400;">On this episode of The Breakdown, NLW examines:</span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">The logic behind these bonuses</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why that logic is stupid </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How this sort of reward for personal failure in the wake of 2008 led to the rise of populism on the right and left </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why we should allow companies to fail </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Why people’s sense that the system is a crony system isn’t wrong</span></li> </ul>