When you are faced with getting shareholders "nothin'" with an uphill fight or give up and be part of the new re-organized WMIH, you are put in a rock and a hard place.
MW took advantage of that and consequently got a salary, employment, bonuses, etc. AND shareholders "something".
Had this the "fight" progressed, shareholders would have gotten nothing. There were no unicorns.
While I agree, I am not MW, MW got the better deal. Shareholders got the shaft from ALL directions, not just MW.
Now put yourself in his shoes and make a decision: Continue the fight and get Nothin' for shareholders or face reality and get "somethin'" while you still can (including his nice employment package)?
BTW, I am on the shareholder's side. I share the same feeling about MW. There is no bigger critic than me on MW, well maybe there are a few more critical on him.
imo