Thursday, March 12, 2015

Standard Register files Chapter 11 Bankruptcy

You can read about that at this link:

Blog Publisher’s comment:

It’s obscene that Management Executives at a struggling company pay themselves exorbitant sums of money (and more than ample benefits) at the same time their company’s business is in a tailspin.  They should be ashamed of that behavior.

Looks like U.S. taxpayers, not just SR's trade-creditors, will take a hit on this one, due to SR's significant unsecured debt to PBGC.

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