He's parlayed that $300m loss into a taxpayer and Moody's investment++ guarantee of his bonus, salary, company strategy and leasing payments to his masters.
Why wouldnt you be proud as punch?
He's pulled the ultimate rabbit out of a hat!
Deep down he must know he is totally incompetent but by any measure on that scale he has succeeded.
Let the good times roll - at AAA investment grade government bond rates! How many extra of Dixons lease contracts is that worth????
Incalculable success!
I need to throw up... The govt should insist the whole lot go, but there is a full cupboard of like minded incompetents willing to step up to the $3m++++ pa plate.
Govt interest rates on borrowing. He's borrowing money at 8- 9ish (maybe ++ esp in recent times). I would guess lots. He's just got it at 2.4-2.8%.
Understand the happiness?