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Samson Soturian
The Wall Street Journal
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Yellow: Inside American Trucking’s Largest Bankruptcy | WSJ What Went Wrong" video.
Why not? Screw Unions.
12
And borrowed funds.
3
@kingloc6042 don't be silly. Yellow still has trucks and people will buy and use saud trucks and we already know where bailour money went. It simply wasn't enough to pay debts
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Pension funds get paid before all else in bankruptcies for this very reason.
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@robertshelton3796 they aren't that bankrupt. The shareholders get nothing, the bondholders get something, the wage earners get paid in full.
2
Quit assigning blame
2
@kingloc6042 How can you talk so much but say so little? It's all in the report.
2
Except they really do owe the bank money they don't have.
1
Come now. Thousands of companies take lots of risks like this but we're only angry at the ones that lay people off
1
They also lost everything, so it's water under the bridge
1
Bankers didn't force them to take loans.
1
@phillyphil1513 that never happened
1
And bad luck.
1
And bad luck
1
Don't be silly. They bought companies with mortgages and failed to make enough money to repay those loans. It's like if you bought a house then lost your job and missed too many payments.
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@phillyphil1513 not in this case. The management owned all the shares and the shares are now worthless. No one profits from bankruptcy. Golden parachutes exist to make the executives unfireable because there's huge severance packages involved
1
And since the union is an independent agency, the union managers are still collecting a quarter million a year to annoy the management of other companies.
1
That's silly. Managers were the major shareholders, and those shares are now worthless.
1
found the crypto scammer
1
@maxsmart9116 reply to wrong person?
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@richvanek1363 mighty big allegation there. Can you prove that A) it was foreseeable, B) it was foreseen, and C) the accounts profited from keeping it to themselves? Remember, stupidity is not a crime.
1
@jtjones4081 you
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@josephdominics5935 I ain't paying for some idiot to harass managers. I can do that myself.
1