I believe that the deal cut with Tenor is actually quite equitable under the circumstances. On the other hand, the 10% to management is absolutely untenable unless they are foregoing salaries in the interim (by management I mean senior management e.g. Fung). And this may very well be the case. I can't believe for a minute that EY would endorse a bonus to management, in addition to their normal salaries, for salvaging shareholder value.