You can go the hatchet way - I am strongly unconvinced it is indicative of anything resembling good management, mind - but most people and companies cannot rely on banks or investment firms loaning them 40 billion dollars and accepting passively a mark down of their mone~ to 1/4 of the value they loaned down the line. CEOs are ousted by investment firms for a far smaller drop in value all the time.

If you’re an exec who’s taken it upon themselves to evaluate, could use the hatchet, or you take some amount of time to figure out how things work. Whether this is okay depends on who is suffering the externalities. If it’s a private corporation, legally it’s the execs + employment law. If it’s a public service that measures toxin levels in water, uhhhhh.