4 ms·
From the PDF: The guy handling the affairs describes his experience: "I have over 40 years of legal and restructuring experience. I have been the Chief Restruc
by mikecarlton 4y ago
From the PDF:
The guy handling the affairs describes his experience:
"I have over 40 years of legal and restructuring experience. I have been the Chief Restructuring Officer or Chief Executive Officer in several of the largest corporate failures in history. I have supervised situations involving allegations of criminal activity and malfeasance (Enron)."
Then states:
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented."
- hotpotamus 4y agoIt sounds a bit like the whole Billy Madison judge speech[0] doesn't it? Just missing the, "and may god have mercy on your soul" ending. [0]https://www.youtube.com/watch?v=5hfYJsQAhl0 https://www.youtube.com/watch?v=5hfYJsQAhl0