Article in WSJ: How an $8 Billion Tech Buyout Went Wrong

[Administrator]

They talk about the pension towards the end.

http://www.wsj.com/articles/avaya-how-an-8-billion-tech-buyout-went-wrong-1482321602

[JeffryBon]

They talk about yogaburn and the pension towards the end.

I can't read the article because I'm not a wsj subscriber.

[buzzcat]

Try this link via Twitter
https://twitter.com/WSJTech/status/812011712249528320

[Dave]

As soon as the buyout was announced along with the debt load I said this could very likely destroy the company. You don't need no stinking MBA to do the math. Over $1,000,000 a day just to service the debt!

Virtually no one believed me. Everyone thought it was such a good deal. Probably thinking Avaya might get competent management because of TPG / Silverlake.

A lot of people made a lot of money because of the buyout share price. I did OK but nowhere as good as the top executives who had millions of $3.50 option share price stock which vested at around $19 on the day the deal was done.

It was clear to me where the company was headed which is one of the reasons I just walked out the door back in 2010.