If a company continues to exist in any form, it should continue these types of payments.
Bonus the execs who don't need it and take from the famlies that do... I'm eagerly awaiting the first gun shot. The pot will over boil.
The widow of an Avaya employee has said the troubled UK telco should not terminate her death benefits following its bankruptcy filing in January. Avaya had told the bankruptcy court that survivor payments are not a benefit covered under its Chapter 11 bankruptcy protection. It said the Survivorship Benefit is a pension, not …
"One of those deals where a company is bought with its own money/assets ?"
I had that happen to a company I worked for in the 90's. Bought by an "investment group", had almost all assets stripped away to pay for the acquisition, then the "investment group" spun the company back off with all the resulting debt. Of course at this point, it was teetering on bankruptcy through little fault of its own. Precious little investing occurred, but LOTS of marginally legal daylight robbery. Think that sort of thing ended in the Corp Raider days of the 1980's? Think again...