Layoff announcements today, the day after the leadership team signs an agreement with Carvana to purchase $4B of their paper. Bet Ally’s upper management is currently popping the champagne bottles toasting themselves. They probably made out like bandits by purchasing Carvana stock prior to the announcement. Guess they have to come up with $4B somewhere.
God Bless those affected today…Nothing like a soulless American corporation.
THIS.
https://finance.yahoo.com/news/carvana-reinstates-loan-sale-agreement-135900367.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAACvfukoxtXvmZkoY2AEJXEd64R0T55ZwmCMgYIGSQ56E5LHNgPcuPulIJMfnLcPy2RhgJuASHAyqiRtILsh4MqfsOcVuPOgXhkV80jfeAqEV1AQz6A_I78EahwUBeKnrVgnZPjWvdiGfJEaZ1k_3LsN2YYhFCBPR15a-Z0HkhKlH
Shocked a CEO could be so blatantly soulless
I read that the CEO who’s been there less than a year got a fat $10M in stocks. Bet he’s all broken up about the layoffs.