Maybe I’m just old fashioned…

But…

If you are a 1/3 owner in a business and you are claiming a tax loss of about $1 billion, the math implies that you had to destroy $3+ billion in corporate value to use that write-off.

Everyone associated with the company lost their jobs and a liquidation process probably recovered only pennies on the dollar for the debtors and other investors.

I’m pretty sure that is not considered a good business model.

But hey…
I might just be a bit old-fashioned.