Yeah, I see maneuvers of this sort as top management's equivalent to grabbing computer monitors, chairs, and coffee machines on their way out the door. The "PE

Yeah, I see maneuvers of this sort as top management's equivalent to grabbing computer monitors, chairs, and coffee machines on their way out the door. The "PE turnaround" story provides a fig leaf to cover the violation of fiduciary duty, letting management + PE firm get away scot-free with stealing the liquidation money. Admittedly this opinion of mine is based on propaganda from the 2008 election cycle . If it's fundamentally flawed, I'd appreciate if someone would take the time to CMV.