Bankruptcy “has been painful for many people, for myself as much as anyone else,” Perez said. “It was the right decision, as painful as it is. People — including myself — lost their pension. People lost their deferred compensation, including myself. I take full responsibility for all the decisions we’ve made to create a new company. I will not take responsibilities for the legacies bequeathed to the company by someone else.
“We kept a company alive. The company is very well aligned. It has a great future in front of it.”
Shared on Sep 12, 2013