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Originally Posted by Mike D
"Contractual obligations" from an insurance company? Get real, those robber barons (insurance companies) have more escape clauses in their contracts than they have guarantees. Ask anybody who had "flood insurance" in New Orleans.
They have squadrons of lawyers in their ranks. Let the exec's sue. Have them be treated like they treat us. Tie them up in court for months/years and settle for pennies on the dollar.
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Do you think I would sign a contract that gives you all those escape clauses? If not, why would the execs? Think they don't have their own lawyers too?
In the meantime, how much does it cost? Probably more than the 165 million. And then there is going to be ill will which means you have to fire all these execs. Who is going to step up to the plate for all of them? You? Can a company run without all it's execs at the same time? And then, who would go work for that company? If I were an exec and see that happening, no way I would sign on to that company.