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3min chapter
Enron
Acquired
Chapter 7 vs Chapter 11 Bankruptcy
John Ray was brought in as the chief administrative officer who is currently serving the same role over at FTX. He comes in to basically be the administrator while it's in Chapter 11 to come up with a deal. John Ray got 13 billion out to creditors, which is about 36 cents on the dollar - much better than Stephen Cooper's plan called for. The chair of the audit committee of Enron's board during all this was going on was the dean of Stanford Business School.
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