I’d guess that the company kicked in a little, and keep in mind not all shares would have been purcahsed at the $170 level.
Still, even if it’s only $3 Billion that’s a crap load of money that just vanished.
Sadly, upper management will walk untouched, probably with golden parachutes and severance packages, and go to work somewhere else for some insane salary.
Meanwhile all the lower level employees, who had nothing to do with the decision to leverage a sub-prime mortgage 13 times over will get nothing except a company pen and coffee cup.
