$50 million is my over-under for how much the CEO and CFO will make over the next three years between the “key employee retention plans” and the Management Compensation set-aside in the Plan, which will be approved by the court. It pays a King’s Ransom for executives to file chapter eleven.
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Seems about right. Has to be something wrong with the American system since it seems like a lot of executives are able to ride the federal courts to wealth via bankruptcy? It looks like federal government has joined the white collar movement and will most likely personally gain along with the execs!! So, 50 million say, times 5, doesn’t seem like to big of a burden for the loser bond holders to pay for the federal business lesson!!