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A comment on Companies controlled by PE firms use bankruptcy to shed pension obligations. Parent comment

Re:Companies controlled by PE firms use bankruptcy to shed p... by RestlessMind on Monday December 31, 2018 @01:24PM (#18796030)
If lenders stay away, then execs get screwed and rest of the company gets screwed as well because now everyone is out of their jobs. Isn't that a worse outcome overall?
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Re:Companies controlled by PE firms use bankruptcy to shed p... by eropple on Monday December 31, 2018 @02:04PM (#18796269)
The majority, when it isn't all, are functionally already out of their jobs. These bridge investments exist to provide the runway gut the company and sell off its assets. I have no real problem with PE firms not getting to do that at the expense of people who the company have promised things to.
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