"There is literally one sentence which divides us and surely we can thrash that out while employees are back in workearning money and carrying out their duties as normal, " said Mr Le Blanc.
So by borrowing money at the holding company level at, say, 10% pretax, Catacosinos and his investors can put it to workearning 125 basis points more, aftertax, at the operating company level with nary a risk.