Lenders unlikely to get even 60 cents on the dollar for the bonds and loans.
  • gravitas_deficiency@sh.itjust.worksEnglish
    67·
    11 months ago

    Frankly, if the banks call in his debts and he’s essentially forced to divest enough shares that he has to give up controlling interest in one or more of his other companies… it may be genuinely better in the long-term for those companies.