Are they on to something??? 💼 Rite Aid's lenders are pushing to reduce CEO Jeffrey Stein's $20M payout before funding the company’s bankruptcy exit.
This move is part of broader negotiations aimed at cutting $2B in debt and resolving opioid-related lawsuits. 📉⚖️
Amid liquidity concerns and high professional expenses, Stein’s $300K monthly consulting fee has also faced criticism.
* Reducing $20M CEO payout
* Cutting $2B in debt
* Resolving opioid lawsuits
* Addressing liquidity concerns
* Criticism over $300K/month consulting fee
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