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Old 02-12-2006, 03:02 PM  
FlyingIguana
aspiring banker
 
Join Date: Mar 2002
Location: toronto
Posts: 10,870
and? if you want a ceo you have to pay. i don't know if this guy is a good turnaround manager but if he is, thats not a big salary. options might have been a better way but who knows if he would have accepted.

chances are the new equity holders will be the old debt holders. thats usually how it goes in bankruptcies
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