It is quite possible that the PDL sale was contingent on the short-term being provided. Probably a good outcome for both CLH and CCP.
CLH are definitely 'fighting for their life'. Management will need to turn things around quickly to achieve a positive outcome for shareholders.
I don't have an issue with senior management being well paid given the reputational risk in taking on such a task, but of course there is only value to shareholders (and other stakeholders) if they are successful. The collections business is not a particularly agile one, so it will be a significant challenge for them and they are being remunerated accordingly.
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It is quite possible that the PDL sale was contingent on the...
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