Word: turnarounds
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...emerged from bankruptcy in June 2005 with a $450 million bank loan, which left it highly leveraged and low on cash. "While their same-store sales are down only 1.1% and they're performing pretty well compared to the rest of apparel retailers, it's difficult to do a turnaround in a bad market," says Stern...
...Silverman said the Rays’ turnaround has been “a complete 180,” and that in his three years as president, “we’ve been able to change our image and prospects for the organization...
...There's also a legitimate question as to who would do the restructuring. GM CEO Rick Wagoner has made the case that his crew is best placed to run the turnaround since it knows where the cost buttons are. But critics like Jim Schrager at the University of Chicago Booth School of Business say the wrong people are in charge: "I think you would only put money in GM if you had a complete change in the board and the current management. They are diligent. They worked very hard, but it just hasn't worked." In Schrager's view...
Once requests are made, students can expect a maximum turnaround time of two business days, and according to Head of Access Services Suzanne Wones, HUL is hoping to decrease that time once the program is under...
Ireland's attempts to navigate its way out of trouble will be watched closely by its neighbors. The country's economic boom, which followed years of underperformance, drew both international plaudits and curious visitors. Delegations from Chile to China dropped in to learn first hand from its turnaround. But just as Ireland offered a blueprint during the good times, so its recent stumble - and prospects for recovery - may offer lessons to others in the grip of the global downturn...