Thread regarding Windstream Corp. layoffs

Ex-Toys ‘R’ Us executives face lawsuit over bankruptcy bonuses

March 12, 2020

Toys ‘R’ Us CEO executives lined their pockets with company funds on the eve of the troubled retailer’s 2017 bankruptcy — to the tune of $16 million, an explosive new lawsuit claims. Days before the company behind Geoffrey the Giraffe filed for bankruptcy protection in September 2017, chief executive David Brandon and other Toys ‘R’ Us execs scored bonuses that boosted their total pay by 75 percent, the lawsuit said. Brandon pocketed $2.8 million, the suit claims. By contrast, the toy seller’s vendors barely received 20 cents on the dollar in the company’s bankruptcy. The New York State lawsuit was filed Thursday by a group of creditors dubbed the TRU Creditor Litigation Trust. They are seeking $1.1 billion in damages, claiming a fraudulent scheme to bilk them out of billions.

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| 1361 views | | 7 replies (last March 25, 2020) | Reply
Post ID: @OP+13Z5ZHYU

7 replies (most recent on top)

Help, I am in the worst and least informative meeting with an insignificant local manager. Talks out of both sides of his pie hole!!! He says nothing that we can’t get from our web page..very negative crass person...

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Post ID: @adsz+13Z5ZHYU

Post that article on stream so the LR5 can be reminded of it.

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Post ID: @1wty+13Z5ZHYU

Don't worry it's going to happen here too, just give it time. The SEC has to wait for the dust to settle before they can bring chargers to the LR5. I'm guessing 6 months with the state of the market right now. My guess they will be charges this fall and in jail by the holidays.

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Post ID: @1plj+13Z5ZHYU

There are no Swiss Army Knives at Windstream! Many couldn't/wouldn't do the jobs they are being paid for looooonnnnggggg before bankruptcy! Worst managed company I've ever seen. And sadly, anyone with the know how or the talent to pull this mess out of the ditch has long been RIF'd and moved on to bigger or smaller, doesn't matter size, but MUCH better run companies from the top down. WS problems do not just exist at the top. ROT and infestation of stupidity and full blown ignorance runs throughout every dept at WS.

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Post ID: @1xtu+13Z5ZHYU

It really is odd how that works! But, as a American federal judge in these cases, the size of the tip from these crooks is just too good to pass up. It’s the only explanation really, the rich take care of the rich. It’s only natural once you really think it thru. Frustrating for the employees, to be sure, but the reality today is that employees are really just a necessity. Any warm body can be used in any position in order to grow your company. Think Swiss Army knife, can do many jobs, not just a single screwdriver!!

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Post ID: @1grj+13Z5ZHYU

Windstream will be emerging from bankruptcy tho. Tony wants more production out of you, so get off the internet and get to bed. His yacht isnt nearly big enough

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Post ID: @mav+13Z5ZHYU

Sounds like what’s Happening at Skimstream

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Post ID: @xex+13Z5ZHYU

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