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From Mar­ket­watch: The four advis­ers, Gold­man Sachs, Lehman Broth­ers, Mor­gan Stan­ley and Black­stone, stand to make as much as $1.3 bil­lion between them, ana­lysts and experts said. Even if the dynam­ics lead­ing to these rip-offs are well under­stood (financ­ing need, lit­i­ga­tion pro­tec­tion for the boards, etc.), this just rein­forces Umair’s point. But con­sider the irony here:

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