Word: dunkelberg
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This year, however, the failed smaller companies have been joined by such large, well-capitalized corporations as Braniff Airways, Wickes Cos., Saxon Industries and De Lorean Motor Co. Says Purdue University Professor William Dunkelberg: "The recession is performing the age-old process of creating leaner, meaner and more efficient firms. Unfortunately, the recession has also cut heavily into the lean and mean. We've lost established companies to low demand and high debt...
...high-yielding money-market fund; the worthy new enterprise that cannot afford to borrow and expand and therefore loses market share and stagnates, perhaps eventually being driven out of business altogether by some tough and well-heeled foreign competitor from, say, Japan. Says Purdue University Economist William Dunkelberg, a small-business expert: "For every firm that goes bankrupt, there are another 15 to 20 firms that pay off their debts and just close their doors...