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If lenders stay away, then execs get screwed and rest of the company gets screwed as well because now everyone is out of their jobs. Isn't that a worse outcome
by RestlessMind 8y ago
If lenders stay away, then execs get screwed and rest of the company gets screwed as well because now everyone is out of their jobs. Isn't that a worse outcome overall?
- eropple 8y agoThe majority, when it isn't all, are functionally already out of their jobs. These bridge investments exist to provide the runway gut the company and sell off its assets. I have no real problem with PE firms not getting to do that at the expense of people who the company have promised things to.