Very good source stated MDR was able to secure loans to negotiate lower payoffs. Share the profits with execs from both companies. Sell tech. Payoff debts and net over a billion. Cbi will then be dissolved. It’s a perfect plan to get the execs rich and get rid of all debt. Depression has set in.
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That does sound like a possibility. The CB&I guys already got paid for the sale don’t think for a min they did not. There was no way the tech sale was going to do enough CB&I was in too big a hole, it still had to be viable, the writing was on the wall and they bailed. Get out now and find work anywhere else because it’s onky a matter of time.
Nothing is off the table with CB&I these days. In fact, CB&I is a very toxic company, be it finances, personnel, or legal issues. Whatever rolling our in the future will be very interesting to the workers.
Loser huh. I’m not kidding. Why would a bank give a loan to turn bad debt into good debt to the tune of 2 billion without a plan for payback. You believe they will loan that kind of money based on cbi’s Track record? The source is a sr. vp.
Very good source again. Get lost loser