– Big Lots Reportedly Mulls Bankruptcy Amid Consumer Downturn:
Bloomberg noted, “The chain on Aug. 12 approved one-time retention bonuses for its top executives totaling over $5 million. Such payments often precede corporate restructurings, especially in Chapter 11, and serve to keep key management from jumping ship during the effort.”
Shares have crashed nearly 99% since peaking above the $70 handle in mid-2021. Paging ‘Roar Kitty’ – it’s time for stock pump. Maybe he’s too busy Ryan Cohen’s lap dog.
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