Thread regarding Bed Bath & Beyond layoffs

@ryf. It's very common for companies to have to borrow money to meet payroll before and during bankruptcy. Sears did the same thing.

@vye. Are you a memer or an employee? The point of the article was the depths BBBY was reaching. 45 percent of chapter 11s become total liquidation chapter 7s. Some do it relatively rapidly. With $1 billion in assets and $ 10 billion in liabilities, this place is good as dead. When you have to plead for money to make payroll, it underscores how rapidly BBBY was burning through the previous loans. But people like you were too busy telling us they could last 6 months on $250 million?

Fools and their money and Lamborghini dreams are soon parted.

Many have said the same thing. C suite wanted golden parachutes and could care less about employees. You are a means to an end. You are also a means to an end for broke memers.

I Don't know what all the fuss is about. That is how bankruptcy works for companies. Chapter 11 (companies) works differently than Chapter 7 (individuals).

Amazing how they still think they will emerge from CH11 and find a buyer.

If I don’t get paid - I’m walking!

WSJ: Bed Bath & Beyond Took Out Emergency Loan on Eve of Bankruptcy to Ensure SG And All The Other Useless Executives Get Their Golden Parachutes.

Fixed that headline.