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Sentences for "bondholders "
) It's hard to feel sorry for either the bondholders or the stockholders, since this was a train wreck you could have seen coming a mile away.
Current shareholders will probably walk away with nothing, current bondholders will get less than 50 cents on the dollar (and that's if everything goes perfectly), while current CEO Robert Earl and Saudi Prince Al Waleed Bin Talal will get most of the new company.
The conventional image of bondholders is that they're conservative, long-term, careful investors.
Third, I'll make an assumption (again guided by real-world observations) about what happens to corporate revenue: I'll assume that for every dollar paid to the workers, a half dollar gets paid to the bondholders and the stockholders collectively--let's say the bondholders and the stockholders each get a quarter.
The bondholders and the stockholders each receive one fourth as much as the workers, thus each group gets $240,000.
The State occupies the same position to-day toward the bondholders that the city of Calais did, when besieged by Edward III, toward its notables.
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