I'm curious to the validity of the rumor as well.
Anybody hear anything about the board meeting that was held recently? The only reason I can think that the board kept JO in place was that he had some good news to share.... or he paid them off to keep his job.
SL
I believe he and ML contracts were re-negotiated in BK. As a result, it is my hunch that it would cost the board (creditors) more than it would be worth to them to buy out those contracts.