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Standard procedure. They’ll go to lend their experience in the next firm taken over by private equity.
It’s always the same fucking story. The rich assholes at the top who lacked vision and drove the company into the ground keep all the money, while the workers who ran the company and kept it functioning get jack shit.
These assholes ought to be taken out of their homes, dragged in the street and beaten to death by an angry mob.
Only time I shopped at The Bay was when we used it as our wedding registry. Overpriced and out-of-touch.
And owned by an American real estate VC.