Charter Files Chapter 11 Bankruptcy > Services customers demand!

Services customers demand!

It also says:

quote:

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... a deal with senior creditors that wipes out common shareholders

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reply to BabyBear
It's conditional:
"Under its Value Creation Plan, Charter pay Chief Executive Neil Smit up to $8.5 million IF the company successfully restructures AND IF he reaches specified targets during each of the three years following the company's emergence from restructuring."

reply to BabyBear
I was constantly trying to get what I paid for. Extremely unreliable service, and the call center representatives' troubleshooting skills were limited to rebooting the router. After about a month, I learned to do that first and tell them I had already done that, but it didn't help.
They would still doggedly try that without success.
The last straw was one Saturday I spent three and a half hours trying to get it fixed. I was hung up on, given a disconnected number to call, and eventually just gave up. Unbelievably bad.

reply to McSummation
Saw somewhere Paul Allen will still have a 35% controlling(voting) interest(used to be 50%).

Paul Allen's midas touch.

Allen owns part of more bankrupt companies than the taxpayers. Speaking of which looks like thanks to Stimulus, Paul gets a $1 billion tax break.

reply to Nightfall

said by Nightfall:

said by BabyBear:

Neil Smit said "We just want to put a CAP on our debt obligations like we did to our customer's internet connections. I should get a raise for coming up with this idea. Some one remind me to put in a call to Paul Allen for my 8.6 million salary before we run out of cash."

You aren't kidding on that.

»www.reuters.com/article/marketsN···20090318