Replies to post #353684 on Mr Cooper Group Inc (COOP)

[Mik3k]

I posted this on the Y board also -

"That's the trick - Buy enough shares to get on the EC. Negotiate nice job and salary. The actual shares themselves don't matter. That's just a personal NOL."


Honestly, in my opinion I don't think MW views shareholders much different than SNH. A lot of equity and debt has changed hands since BK. He isn't trying to save poor shareholders who had their life savings in WAMU since before BK. Equity and debt are really not that different in mindset - pay me and be done with it. Almost anyone in his position would negotiate the best deal for themselves. The flaw is with a system that allows a negotiator to negotiate a high paying position for himself in the emerging company. There should be some kind of ethical wall there.

Edit - some rare posts recently with common and preferreds at odds over the split of the company - worried that the other side is getting more than their fair share.

How many people here, honestly, would not screw over the rest of equity to get a bigger piece of the pie? After seeing how this market works in the past 2 years (I'm kinda new to this), I think I would roll over for the right price - and I never thought of myself as that kind of person for over 40 years. This market would make priests do bad things to their fellow man.

I just hope I am wrong.