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by Spartan-S63
782 days ago
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Why not solve the "jobs" crisis of shutting down business in this situation by inverting liquidation preference and injecting employees to the front of the line? When the business liquidates as a result of close of business, creditors and investors become last in line and the preference adds employees (ICs first) with executives, creditors, and investors either completely cut out or left at the end of the line. The folks who did the job on the floor walk away with a chunk of change that's runway for them to find a next job, or whatever they want to do. Creditors, investors, and execs are left holding the bag, as they should. |
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