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Non-Tech : Conseco Insurance (CNO)
CNO 41.29+4.3%3:59 PM EST
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To: Softechie who wrote (1710)7/10/2000 5:32:50 PM
From: donjuan_demarco  Read Replies (2) of 4155
 
If Wendt isn't worried about Conseco filing bankruptcy, why did he insist on receiving his compensation upfront?

Instead of getting $45m upfront, why not receive $9m for each year of the contract?

Wendt knows that executory contracts aren't worth squat in bankruptcy court, so he wanted the check to clear before he did anything.
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