Earlier quoted context omitted.
>Why? Then there would be someone else stuck in that situation. The CEO was the right person to to replace him immediately until they could make it a sufficiently attractive proposition that someone else would want to do it. You know by the usual means. Pay, supply drops, fuel for power etc. The shipping company's CEO is 100% responsible for not dealing with the situation properly because they absolutely did not do t…
> The shipping company's CEO is 100% responsible for not dealing with the situation properly because they absolutely did not do that in any way, shape or form. And if the company went bankrupt or the CEO suddenly died/disappeared? Then what? There could be any number of reasons why a company might be unable to do what they need to do. The guy is still stuck there then, because it all rests on the shipping company rat…
So in insolvency that is deemed bankruptcy the assets of the company are traditionally used to deal with as much of the liabilities of the company as they can in rank order of those liabilities. You know secured debt ranks ahead of unsecured etc.
This guy's claim on the assets of the company to get him out of that hell, for me, rank number 1, and alone. Next comes the wages due all employees not deprived of their liberty. And that's the usual way it is done too.