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How’s that work? Did the stockholders get back the excess returns?
by Scoundreller 4y ago
How’s that work? Did the stockholders get back the excess returns?
- thechao 4y agoProbably not? The stockholders lost the rights to that value when they failed to maintain oversight of management.
- Scoundreller 4y agoSo who did the excess returns go to? Did Lehman get a big fine or something? Usually in a bankruptcy, if all creditors are paid off, the equity shareholders get the remainder. Usually they get wiped out, but sometimes they do get money back. A bankruptcy crystallizes the debts, but the assets can continue to increase in value. I think GP may have been focussing on one part of pwc’d recoveries but overall, Lehman lost money. Dunno.