Resurrect the rat!!!
I realize the need to keep executive level management through bankruptcy. I think everyone should be paid commensurate with their skills and the service they provide to the company. The problem is that is not the case there. Many people are not being paid properly, the wages are still low, and the quality of life for many employees is non-existent. Yet, the CEO can afford to give himself a massive raise just prior to bankruptcy. Yes, this is business and sentimentality really has no place, but it just looks bad. It shows no buy-in on his part and no true faith that the company will survive (he gave up his long term stock options). Smart business? Sure. An ********* thing to do? Most definitely.