It seems like a slap across the face that they offer as a defense a 10% increase which compounds annually. That isn’t a defense... it is a stunning illustration

It seems like a slap across the face that they offer as a defense a 10% increase which compounds annually. That isn’t a defense... it is a stunning illustration of the problem! Even the cable companies would be jealous (while their own customers are cutting the cord left and right). Worse, 10%/year isn’t a contractual limitation; it is but a statement of “intent”. It is nothing short of malfeasance to have sold a non-profit’s operations without sufficient safeguards. And to a private equity firm? Outrageous incompetence if not criminal in action. His article doesn’t justify the transaction or allay reasonable concerns. In fact, he seems to be presenting the case for why this transaction is crooked if not criminal!