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Either way it faces a big payout.
But Mr. Duncan is not worried about a big payout.
The firm's customers, whose money vanished after the bankruptcy, are also poised for a big payout.
They immediately gained desperately needed cash; purchasers of the policies eventually scored a big payout.
But the sheer size of the transaction is still likely to yield a big payout.
The last big payout was awarded to the wife of insurance tycoon John Charman, in 2007.
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Big payouts also need big sponsors.
The television soap actors Shane Richie, Shobna Gulati and Lucy Benjamin also received big payouts.
Some C.E.O.'s do not negotiate big payouts.
Small-bank executives have taken big payouts when their banks were sold in the past.
Senate Republicans, meanwhile, lost access to big payouts the moment they lost their majority.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com