Word: financee
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Dates: during 1980-1989
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But in business courses that involve more number-crunching than subjective policy decisions, enthusiasm for the case method begins to fade. Professors outside the B-School say that studying topics such as accounting and corporate finance requires an understanding of basic principles before exploring complex scenarios, adding that using case...
Vice President for Finance Robert H. Scott has said that "the Corporation is focusing in on the issue [of LBOs]." He added that there has been "quite a bit of discussion on the appropriateness of a variety of investments."
But while the finance administrator says he thinks "there is nothing inherently wrong with leveraged buyouts," many economists and politicians say the deals are economically questionable and ethically dubious.
"One of the objections to LBOs is that companies have to operate with a very narrow attitude towards expenses," says Converse Professor of Finance and Banking Warren A. Law. Recently bought-out companies "tend to fire a lot of people," he adds.
Doug Henwood, publisher of the Left Business Observer,says "LBOs sort of made economic sense in the early '70s and '80s when they were small [transactions]." But "they no longer make sense because I don't see how we can finance the debt," he adds.