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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?


To: jeffbas who wrote (442)12/4/1997 9:36:00 AM
From: M.A. Miller  Read Replies (1) | Respond to of 4155
 
The execs do personally guarantee the loans, if the CNC stock (which is held as collateral) is insufficient to repay loans. CNC also guarantees the bank loans. CNC has recourse against the execs, but I don't think the banks have recourse against the execs.