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...largest bankruptcy in U.S. history. With more than $82 billion in assets, GM became the largest industrial company to file for Chapter 11. The biggest loser in absolute size is Lehman Brothers, with $639 billion in assets, followed by Washington Mutual and WorldCom...

Author: /time Magazine | Title: Spotlight: The Future of GM | 6/15/2009 | See Source »

...BILLIONS: $639 Lehman Brothers $328 Washington Mutual $104 WorldCom $82 General Motors...

Author: /time Magazine | Title: Spotlight: The Future of GM | 6/15/2009 | See Source »

...BILLION Debts listed by GM in its bankruptcy filing, the second highest amount ever, eclipsed only by Lehman Brothers...

Author: /time Magazine | Title: Spotlight: The Future of GM | 6/15/2009 | See Source »

Circuit City. Lehman Brothers. Fannie Mae. The economic crisis has devastated a slew of companies that once ranked among the country's most admired. Best-selling author and corporate researcher Jim Collins spent five years studying the decline of great businesses for his fourth book, How the Mighty Fall: And Why Some Companies Never Give In. He spoke with TIME about finding lessons amid the corporate wreckage, his choice for "entrepreneur of the decade" and why the rocky business climate may be here to stay. (See the top 10 bankruptcies...

Author: /time Magazine | Title: Jim Collins: How Mighty Companies Fall | 6/10/2009 | See Source »

...Lehman Brothers didn't just collapse and go away. Much of its U.S. operations were bought by British bank Barclays, which retained 80% of Lehman's U.S. investment bankers. Japanese bank Nomura has also been hiring here. Alan Schwartz, who was formerly the head of the failed investment bank Bear Stearns, recent landed a job at one of Wall Street's so-called boutiques, Guggenheim Partners. He's not alone. Recruiters say not only was the job downturn in the financial industry shallower than the rest of the economy but it appears to be turning earlier as well...

Author: /time Magazine | Title: Banking Jobs Holding Up Better than Most | 6/5/2009 | See Source »

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