Originally Posted by
vikingivesterled
There are bound to have been some corporate schmoozing taken place. Some over the top wining and dining ++ Something that in hindsight might look quite damming, The right incentives will bring it to light.
A different question is whether Easyjet is served well by getting on the wrong side of a 30% shareholder in difficult times. Is the continued concentration on growth for the benefit of the shareholders that take all the risk, or for increasing managements incentive packages. There are enough samples of corporate greed where top management walks away with millions even though the results tanks and staff ends up getting laid off.
Often times the shareholders aren’t the ones taking most of the risk, that’s the banks and increasingly the supply chain who haven’t the luxury of charges over the (Few) company assets and preferred creditor status
vis VS and the situation where the recent investors secured the loans they offered and stand to get back a significant proportion of their investments while unsecured creditors get ~zilch