Quote:
Originally Posted by seeandsee
AFF looks like some country owned company where top politicians are using it to milk cash for them, i really dont see them in different light
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Good analogy. I am surprised Conru puts up with it. Maybe he is content with hefty interest on his quarter billion of their debt.
Problem is many public companies are run for the top dogs- upper management , Board of Directors, etc. Shareholders get fucked, vendors get fucked, employees fucked, etc.
Would be interesting to see what would happen if the bondholders all refused to restructure debt terms. You would think vulture investors could come in buy enough debt and take over- it seems like that is what Bell did with Penthouse originally (which would be ironic)