Oh please God let this be true 
Reported by:
- NotoriousNIG : /h/vidya
Ubisoft devs get double fricked! Turns out their retirement was tied up in shares of Ubisoft that will now be worthless as the executive team jumps ship for the new subsidiary company
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Rad_juju
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I'm pretty sure that's not how spinning off a company works, you can't just say. "This part is a new company and I'm keeping all the shares" the old shareholders get an equivalent stake in the spin off
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There's a difference between outright spinning something successful off and being an extractionist vulture. It takes a bit more finesse than that. Most importantly you slow play it well in advance of the intended BK. If it is too much, too quick, and too close to the BK a court is very likely to unwind it. You either create or utilize financial problems in the first company for the second company to buy uncollateralized property. It's not looting a failing company (yet), merely extending a lifeline.
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