# @lamag on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C8FcdhzSoLD
- **Gondola URL:** https://gondola.cc/posts/18953704-lamag-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/1a74798a69.jpg
- **Posted:** 2024-06-11T18:14:10.000+00:00
- **Account Owner:** Los Angeles Magazine (@lamag) — https://gondola.cc/lamag

## Caption

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

#RiteAid #BusinessNews #Bankruptcy #CEO #Finance

## Stats

- **Views:** 0
- **Likes:** 1,338
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- **Comments:** 34

## Tags

riteaid, bankruptcy, finance, businessnews, ceo

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