Posted Wednesday 25th April 2007 09:07 GMT
Future deals
Couldn't agree more with most of the posts, they bought it, they pay for it. Unless they file for bankruptcy, otherwise what is the precedent set for the future? why would any large organisation trust any deal struck with the board - or any board for that matter? the moment the bill seems a bit large, cry poverty and bullying by the big bad business. It ends in higher prices for everyone else who responsibly pays up having to effectively insure these deals.
The board does have recourse to pursue those that made the deal on their behalf if they were negligent - and i can't imagine how they weren't...