aja8888
Moderator Emeritus
I don't see why bond holders should not also get wiped out. They took a risk when they purchased the higher yield corporate bond. Wipe out stock holders AND bond holders, then bailout. Executive salary capped at 10x the lowest paid employee.
I would also add the condition that the current Board of Directors gets booted as they approved the actions (and compensation) of the CEO and let the business falter.