FlyerTalk Forums - View Single Post - AC management takes another pay cut
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Old Jun 2, 2004, 4:34 pm
  #24  
parnel
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Join Date: Jan 2002
Location: oakville Ontario canada;AC*SE
Posts: 16,985
Originally Posted by robsawatsky
I'd think the policy decisions made well before CCAA filing are part of the equation here. And what do you mean by "trustee ship"? The executive and board still make all operational decisions with respect to AC. The court and monitor are not in a position of trusteeship over AC, yet.

I believe the courts do have a say as do the bankers who provided the interim financing. Not sure of the procedure but there is some control over the company by the courts.
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