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01-21-2009, 06:13 PM
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#11 |
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UNDER CONDITIONAL MITIGATION
Join Date: Mar 2004
Location: Austin, TX
Posts: 20,012
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When my former employer was having financial issues, the CEO and several other execs invested heavily in the company's stock as a show of confidence. They filed chapter 7 a few months later. (The case is still languishing in the court system over 4 years later--but it doesn't matter because I really don't expect to get the $3000+ they owe me even after all the ducks have been sorted.)
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