AbitibiBowater, Inc. (fka ABWTQ)

[SilentMinority]

On 503(c) / KERPs


I'm no a lawyer and didn't follow the subject of mgmt payments too closely. I just threw out the topic for perspective.

My view on mgmt payments is that while they are foul and smack of greed at the expense of employees, shareholders, and the moral high-ground, this is not a make-or-break issue that will overturn the plan or parts of it.

The counter-arguement on these payments is whether mgmt would leave without them, further damaging estate value. While that's not an impossible battle to fight, it's a tough one from our vantage.