Calhoun & Co. (specifically the BOD & the Execs) can now do whatever they want.No government strings attached, no oversight, no nothin'. First order of the day: cut costs. Layoffs. Continue building their personal nest eggs, since they can. Oh yes, now they can..... they got what THEY wanted.
My prediction is Calhoun will Golden Parachute outta there w/in 2 years or less.He more or less finagled a golden deal for the immediate Board members & himself; future generations will be left to pick up the pieces.Like a good Chicago gangster should. Anyone who doesn't see that these boys knew what they were doing from the get-go hasn't studied history.
Jack Welch.Jim McNerney got away scot free....same with RayRay. McAlister happily GTFO, real quicklike.Even ol' deer-in-the-headlights Dennis came away relatively unscathed.Who cares about reputation or conscience or integrity when you're 62+million richer (he apparently didn't renounce his company's egregious behavior and/or his own role in it, he regaled us with tales of his upbringing but when the chips were down he took the $$ & sulked off into the sunset) , so we can all see what really matters..... the Big Boys getting THEIR big $$. See how that works?
The rest of us are all cannon fodder.When we figure that out, & get a REAL UNION, we might not need to worry about trivial c-ap like layoffs or whatever. The Union supports the Co., plain & simple.
The next few months will be real interesting.