Lehman Bros 6.5% Pref''d Series "F" (fka LEHFQ)

[daisyxu]

imo, the compensation arrangement is favorable to us...

it's counterintuitive and counterproductive to have low hourly fees and high incentives only in our case.

reason (imo): higher hourly fees motivate attornies to drag their feet which may not be bad thing; giving the estate time to benefit from rebounding assets that were unusually depressed and also lull creditors into accepting lower payouts on company-related liabilities.

imagine if there were very low hourly fees and only high incentives based on recovered amounts. heck, i think the attornies would more aggressively dump assets to get a higher time-measured return on time spent. not good us!