But the people negotiating the deal with Blackberry knew how the waterfall would shake out. They elected to agree to a price where the share of the purchase price distributed across common stockholders left many employees in a bad place. That was a choice. As was structuring the ownership of the company, and the compensation offers to their employees, in that way in the first place.
Right, but we have to assume that Good could not have gotten a better price from Blackberry. The alternative was even worse from the common shareholders - a price of $0 for their shares.
They also could not have changed the waterfall. So I'm not sure what your point is, really
