Note, no mention of union concessions.
Who is going to “get rid of management” in a chapter 11. It is management that goes into chapter 11, it is management that negotiates it, and oversees it. Dick Fuld is still CEO of Lehman.
Oh, yeah, Lehaman. That worked out great. Let’s do another, only 10 times as big! Now is great timing because we are already in horrible financial shape. Let’s kick the economy all the way into the gutter and stomp on it until its unconscious!
That’s creative destruction baby! Yee-ha!