> Proposals like this were debated at some length back in 2008
No, they were not. The proposals were about how to avoid doing the above list.
Firing the management and BoD would take less than a day. Wiping out the shareholders and bondholders would also take less than a day. Injecting new capital would take less than a day.
All of those could be done on the same day. I'm alloting a week in order to find/promote the correct caretaker CEO.
No, they were not. The proposals were about how to avoid doing the above list.
Firing the management and BoD would take less than a day. Wiping out the shareholders and bondholders would also take less than a day. Injecting new capital would take less than a day.
All of those could be done on the same day. I'm alloting a week in order to find/promote the correct caretaker CEO.