Originally Posted by
iahphx
I would try to maximize the value for DL's stakeholders.
If you take the very short-term view (which is what is wrong with most of American business today), the stakeholders are only people who take the cash and run (yourself perhaps?). However, anyone with any business sense should realize that
critical stakeholders of a company include:
i) investors/creditors; ii) employees; iii) customers - all of which are
inextricably linked. Satisfying only one small group of (i) is not maximizing value for all of DL's stakeholders for the medium or long-term.
Originally Posted by
iahphx
If that's true (and I believe it is, since the creditors would be paid solely in Delta stock), it's more evidence of the funny money involved here.
Yes, I'm sure the Blackstone Group is coming up with funny numbers since they want to tank their reputation with false or unrealistic valuation
