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So - are people realizing that the private credit deal from Apollo was really just a roundabout way for the senior partners to cash out 💰?
My understanding is that the highest level execs had fully vested pensions that were subject to caps on payouts, meaning a partner usually got a percentage of their compensation in perpetuity but it was capped at some arbitrary amount, so this got them the big payouts for the pensions and anyone that wasn’t fully vested was SOL. I have heard of a few partners who were a year from vesting and got nothing. They are just hoping they make out even in the long run with the equity.
Same here... how much you got?
Yep ok same
You forfeited your amount. $55
In order to service that debt, you have to cut out auditing procedures and increase offshoring, hence the 87% deficiency rate
Was the target $55 or the actual value $55?
Said another way, price go up or price go down?
I can't imagine it's climbing at all with all that debt! Like 200M a year in just interest payments...