Today on the Brief:

  • A followup on Tesla, corporate earnings and PayPal’s crypto ambitions
  • New COVID-19 shutdowns in California
  • Small businesses on the brink

This episode is sponsored by Bitstamp and

Our main conversation:

Bloomberg has reported recently bankrupt companies including J.C. Penney and Hertz had provided executives with more than $131,000,000 in bonuses.

On this episode of The Breakdown, NLW examines:

  • The logic behind these bonuses
  • Why that logic is stupid
  • How this sort of reward for personal failure in the wake of 2008 led to the rise of populism on the right and left
  • Why we should allow companies to fail
  • Why people’s sense that the system is a crony system isn’t wrong