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Hands' plan

MAN WITH A PLAN: The latest band-aid being proposed in Guy Hands’ ongoing struggle to avoid default and hang on to EMI involves cutting more costs and firing more staff. The problem with this plan is that EMI is already short-handed and struggling to cover costs, making this “solution“ akin to cutting off a leg in order to save a foot. Nonetheless, Hands appears to have no other viable options, apart from hitting up Terra Firma investors for the needed funds, which would appear to be a hard sell indeed. Terra needs to raise $189m from investors or risk losing EMI. How much will Hands personally pony up? (2/11a)

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