Originally Posted by
Sunfish
8.6Table 26, Bain gets it for $450 million.
Bondholders get maybe twelve cents in the dollar.
For all youse that think being a director or CEO is a diddle, read the report, as much as you can. The Directors could be on the hook for $17 - $35 million.
Why shouldn’t they be on the hook? It was their decisions (or lack thereof) that led to this. Coronavirus finished it off but the problems started long before that.