AbitibiBowater, Inc. (fka ABWTQ)

[SilentMinority]

Regarding managment comp

If you want to get really irked by management's $5m/head charade, do some research on the concept of KERPs (Key Employee Retention Plans). I suspect that this falls into the category of a KERP, which was specifically banned in the '05 BK Code reform.

KERPs are typically a concept of compensation paid during a BK process, however, it's conceivable that this has been promised from the outset and is just being vetted now to skirt KERP restrictions. To assess, you'd need to research if this kind of pay out is typical in cases of this nature (i do not know the answer).

If it looks like a KERP, smells like a KERP, and acts like a KERP, it probably is one.