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> restructuring, but it still sounds bad.
Oh, no doubt about that. The spin-job is not very subtle. And I am sure the Procket official that went through the motions and made those statements didn't much enjoy it, either. On the other hand, we know the sacred rituals of our industry, and how supposedly we're always supposed to spin even the negatives as a positive unless we have the guts to utterly alienate some powerful elements in the mix...
We are quick to point out "how can they?", but when it's our turn, often we try to do exactly the same thing... :-)