ST Alpha - "Honestly, it's not and it's pretty standard procedure for winding down a business." (Reading a Post)

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In response to "that is complete crap. " by groiny

Honestly, it's not and it's pretty standard procedure for winding down a business.

Posted by pmb (aka pmb) Nov 30 '12, 08:45

You need people to stay on and finish the liquidation. Without the bonuses execs will look for new jobs and abandon ship as soon as they get an opportunity.

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So the danger is that someone else will have to come in and liquidate assets? Is that really so terrible? - musubi Nov 30, 08:48 2
- The middle managers will either be part of those bonuses that got paid or they'll be gone. - pmb Nov 30, 08:52 1
  - The story said 19 managers. I'm not saying bring in outside consultants to liquidate. - musubi Nov 30, 08:59

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Honestly, it's not and it's pretty standard procedure for winding down a business.

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