Word: bankrupting
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...really don’t care. Bankrupt and living in squalor in Quebec...
...April 30, General Motors Corp. Chairman John Smith stood on a stage in the posh ballroom of the Seoul Hilton Hotel, waiting to announce a long-sought deal to acquire South Korea's bankrupt Daewoo Motor Co. GM, the biggest automaker in the world, planned to celebrate in style: a signing ceremony with 150 guests, a screening of a specially made video called Infinite Possibilities, and a champagne reception for such dignitaries as the U.S. ambassador to Korea. But before the festivities could begin, the doors to the ballroom burst open and in rushed 70 angry members of the Daewoo...
Make that eight. Heise and two partners, all veterans of the tech industry, see a new opportunity in bailing out the European venture capital firms that found their investment portfolios floundering when the Internet bubble burst. Venture capitalism needs their help. As dotcom companies wrote down their assets, went bankrupt or held fire sales, their VC backers found themselves with little to return to their own investors. As many as 80% of Europe's incubators and independent early-stage venture firms are expected to disappear by next year. Jean-Bernard Schmidt, founder of Paris' Sofinnova venture capital firm and chairman...
...first time, it's airing not in the winter or spring but directly against the major broadcast networks' heavily promoted fall debuts. But it couldn't have picked a more auspicious year to do so; this fall's slate of new programs is the most uninspired, creatively bankrupt set of debuts in several years. There are the shameless knockoffs, like CSI: Miami, a less imaginative product extension than Vanilla Coke. There are the retreads, like the WB's remake of Family Affair, with kids so saccharinely cute and a laugh track so obtrusive that the new series really could have...
When Aramburuzabala inherited her father's Grupo Modelo beer empire in 1995, she was raising two children and had little business experience. But she took over two bankrupt subsidiaries and made them profitable within a year. And she helped sell a big stake in Grupo Modelo to Anheuser-Busch. Now the brewer of Corona is in proven hands: Aramburuzabala, 39, is vice chairman, and the company's profits rose 20% during the first half of this year...