First, the news, with a dash of spin:
The embattled company behind West Virginia’s chemical spill has reached a bankruptcy court deal for up to $4 million in credit from a lender to help continue operations, an attorney said.And now the jaw-dropper:
The arrangement reached Tuesday will allow the company to continue paying its employees and top vendors and also provide funds to cover environmental cleanup from the spill in the Elk River, said Freedom Industries attorney Mark Freelander.
[Freedom Industries President Gary] Southern said money isn’t the solution to lift the stigma on his company for its suppliers and customers. He said the spill was causing “perception problems” for the firm.Well, to be completely fair to Southern, I'm sure Freedom Industries does have a perception problem. Kind of goes with the territory when your company contaminates the drinking water for 300,000 people. And whining about it is guaranteed to do just one thing: Make it worse.