BREAKDOWN: Why Are Execs of Bankrupt Companies Being Rewarded With Millions?

Today on the Brief:

A followup on Tesla, corporate earnings and PayPal’s crypto ambitionsNew COVID-19 shutdowns in California Small businesses on the brink 

This episode is sponsored by Bitstamp and Crypto.com.

Our main conversation:

Bloomberg has reported recently bankrupt companies including J.C. Penney and Hertz had provided executives with more than $131,000,000 in bonuses. 

On this episode of The Breakdown, NLW examines:

The logic behind these bonusesWhy that logic is stupid How this sort of reward for personal failure in the wake of 2008 led to the rise of populism on the right and left Why we should allow companies to fail Why people’s sense that the system is a crony system isn’t wrong

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