Hi Trueheart, yep old "Capt Ron" scuttled the ship but achieved his goal, to spend money like a bigshot
He wasn't just self serving, he served his chosen few a luxurious ride on the gravy train, caviar and champagne all the way
salvage is the only thing that's left for the BOD to do, salvage whatever value they can for themselves and the other shareholders
and there isn't much chance that anyone would buy the company in it's current form
IIRC, a multi-million dollar lawsuit with GE as plaintiff and the Aker suit still dragging out
I'm stunned that their legal problems aren't MUCH more serious
It sure took a long time for the BOD to determine that Smith was more of a liability than an asset
Butler knew
spec
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