Thread regarding Windstream Corp. layoffs

Interesting comment buried in news story about KEIP and KERP

" 'The big thing is really what it says about the overall case,' said Rahman, who has followed the Windstream case, but wasn’t involved in it. 'If there was a concern about liquidation or just a piecemeal breakup of the company, … you probably wouldn’t see the type of incentive plan or retention plan that they put in place.' "

The rest of the article reports what's already been discussed here but I thought the nugget above was interesting (and hopeful). The money people (creditors) and judge wouldn't approve those plans if they saw liquidation as likely

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| 1321 views | | 7 replies (last May 25, 2019) | Reply
Post ID: @OP+ZcAusXi

7 replies (most recent on top)

You absolutely see retention bonuses when the company is liquidated, broke up, and bought out. Trust me friends, I’ve been there, rode a company through it and I’ve been predicting the bankruptcy and the retention bonuses on this board for the past 9 months

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Post ID: @2lbq+ZcAusXi

What’s with the Huntersville, NC address posted below?

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Post ID: @1ork+ZcAusXi

10130 Rose Brook Ln

Huntersville, NC 28078-3388

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Post ID: @1vtl+ZcAusXi

My question is why does Tony need a retention bonus when he signed a 5 year contract extension. The doors not locked in his words. Why would we give him up to 10 million in bonuses if we own him for the next 5 years anyways?

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Post ID: @1zcr+ZcAusXi

I dont see liquidation. I see Windstream being sold. The bonuses are just execs grabbing as much money as possible as none will be around after the sale. They see their end is near. How do you figure Tony and Gunderman needing retention bonuses? That makes no sense, they would never leave on their own.

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Post ID: @1wku+ZcAusXi

I disagree, They company may be worth more in parts than in whole right now.

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Post ID: @tju+ZcAusXi

good Luck, Win will carry a grey cloud over their head forever

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Post ID: @ams+ZcAusXi

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