alt Hacker NewsWhy would the CEO have the personal liability here and not the board? Does Sundar Pichai have to personally guarantee loans for Google? That would be weird since the CEO could be fired.
Why would the CEO have the personal liability here and not the board? Does Sundar Pichai have to personally guarantee loans for Google? That would be weird since the CEO could be fired.
No, but this person’s LLC is not capitalized quite as well as Google, and the bank is adjusting the loan to account for that fact.