Comment They are setting up Golden Parachutes (Score 2, Insightful) 30
You have to be familiar with "Utah County Ethics": money made by any means is ethical.
They are not just hiding the names, they want the compensation packages kept secret. Now Daryl and his cronies can place whatever cash the company has remaining into their parachutes before bailing, and the creditors (and public) will never hear a word about it, and that cash will be "off the table" for creditors to grab.
Nobody goes after laid-off employees. How stupid do they think the judge is? Lots of people lost lots of money at Enron, but nobody attacked laid-off employees.
It's just a smoke screen so they can "take the money and run". I hope the Judge can see through this, and tells SCO that he'll look into such anonymity on a case-by-case basis for each employee laid off: low level employees w/ reasonable compensation can be kept private... lavish parachutes for the execs will be hung in public.
They are not just hiding the names, they want the compensation packages kept secret. Now Daryl and his cronies can place whatever cash the company has remaining into their parachutes before bailing, and the creditors (and public) will never hear a word about it, and that cash will be "off the table" for creditors to grab.
Nobody goes after laid-off employees. How stupid do they think the judge is? Lots of people lost lots of money at Enron, but nobody attacked laid-off employees.
It's just a smoke screen so they can "take the money and run". I hope the Judge can see through this, and tells SCO that he'll look into such anonymity on a case-by-case basis for each employee laid off: low level employees w/ reasonable compensation can be kept private... lavish parachutes for the execs will be hung in public.
