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You're still not making sense. Why would these firms want to retain executives who drove them into bankruptcy in the first place?



There is a long thread here now that addresses all your questions, rebuttals, and subsequent rebuttals.

But fundamentally, you need to realize that if something is happening in a statistically significant way (like it is here with dozens of companies doing the same thing at the same time), there is likely an explanation in structural incentives.


Structural incentives can be immoral. Remember subprime MBSes?


This exact point is addressed: see thread.


Can you please link it?




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