I mean, if there is some transparency and the numbers add up, and 70% cut appears to do the trick, then it would be pretty awesome being in the 30% with a real chance to shine. I imagine there would be a big increase in stock and pay to put things in motion too. Sounds great!
Now if the plan is going to end in flames anyway, it still seems like a great reason to stick around and absorb the knowledge and experience.
I'm a fix-it person and would love the opportunity to turn a company around - it's like the ultimate challenge.