The notion that your vote to keep the company properly financed and not subject to company breaking suits for default on its obligations to various investors, basically to the markets, is not capitalist, but a vote “no” is “capitalist”, is exactly backwards.
Capitalists meet their obligations and fully understand their obligations and rights and priority, in the contingency of a failed company.
The notion that that understanding “rewards” a single executive, is nonsense. Populist sounding nonsense, but nonsense nonetheless.
I told people this would be the objective of shorts months ago. I see this nonsense in all of the distressed companies I have chosen to invest in. I have not had any company in which I’ve invested, vote for default and more distress, but it’s certainly possible. I sincerely hope that investors here are at least as sane as the investors in most other companies in which I have chosen to invest. For true longs, let’s hope that is the case.