IF the Piper/PWC forensic audit reveals a highly profitable company whose mgmt engaged in some improper/unauthorized conduct (pledges/loans to banker buddies, for example) and sloppy accounting controls, the company could implement reforms and controls to preclude those things from recurring (checks and balances on the CEO, including a far greater degree of oversight/control from Starr, for example), and the company could emerge from this mess as a strong and robust issue.
It is all about leverage, and doing what is right for all shareholders (or at least the most powerful ones, like Starr).
We can speculate positive and negative end games until we're all blue in the face, but the only things that truly matter beyond the results of the forensic audit are:
1. the degree of leverage that exists over Cheng in forcing him to accept reforms/controls; and
2. how Starr wants this all to end.
Greenberg is getting near the end of his years, so I'm hoping that he will want to leave a noble legacy...
BWTFDIK?
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