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CNBC Investigations
If you have a tip for our investigative unit to pursue, please send an email to:
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I see this being a better American greed episode about Aurelius. The way they bought bonds years after the deal along with cds for the sole purpose of manufacture default. That is appearantly not criminal, but should be.
If the CEO is terminated or resigned this company will have a chance of some sort of survival although might be under a different name.
This company is in financial pain and loss of investor and employee confidence. Need a change of leadership to have any chance of survival.
I hope TT and team can make a deal with the other bondholders and then pay off Aurelius, immediately. No appeal. The company won't win. If they appeal, then the next step is bk. Appeal is the path to the end.
I promise you windstream will become a case in all college classes
TT impacted thousands of people’s lives so it will make it to television once he is criminally indicted.
I say that the leadership fudged this up. Yet I think American greed TV show has way bigger fish to fry then two yokles in littlerock trying to test the waters of a reit spinoff tax Dodge via a sale n leaseback and not reading the fine print in their bond covenants.... It doesn't make for good television. It makes better business cases on how not to screw it up. TT was right in his townhall last week when he said this is the stuff people write books about. I am sure they will be a few MBA dissertations citeing this catastrophic screw up.