"Management would likely get some performance incentives, aka share options, in the new entity."
Idiotic statement. If it was put into administration they would lose their jobs. Do you think if the bank took control they would be interested in having the idiots that ruined the company in the first place in charge? Ridiculous idea. What you proposed is also grossly illegal, so there's that too.
SGH bear is dead and burried, page-61
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