[chronid]

You can somewhat reliably evaluate what works and what does not, what brings you forward and what is slack you can cut. It takes time (6-12 months at least) of very engaged work of a very engaged team - which you can bring with you.

You can go the hatchet way - I am strongly unconvinced it is indicative of anything resembling good management, mind - but most people and companies cannot rely on banks or investment firms loaning them 40 billion dollars and accepting passively a mark down of their mone~ to 1/4 of the value they loaned down the line. CEOs are ousted by investment firms for a far smaller drop in value all the time.

[disgruntledphd2]

The banks have mostly sold the loans at par now, fyi.

I agree with everything you said, though.