Word: workouts
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...turnaround specialist who runs the bankrupt U.S. operations of Australia-based Hooker Corp., which owns the B. Altman and Bonwit Teller department-store chains. Such troubled but solvent corporations as Wang Laboratories, the Lowell, Mass., computer maker that laid off more than 1,500 workers last year, have hired "workout" advisers to help pare down their debt. By pursuing a workout instead of bankruptcy, management can maintain control of the company and generally reorganize faster. "There's more room to maneuver outside of court," says Richard Feintuch, a partner in Wachtell, Lipton, a leading Wall Street law firm...
...week. To gain the confidence of prospective clients, even the best-known advisers must often work for months without being formally hired. The day after Drexel declared bankruptcy in February, some of its major creditors sought help from Wilbur Ross, a senior managing director at Rothschild Inc., a top workout firm. Ross agreed to represent half a dozen large bondholders, who held a total of $100 million in Drexel notes, without a retainer in order to win their business. Says he: "We can't run ads, so we market by being there and offering help when they need...
...coach at SLU, Paul Daly, used a similar program where the skiers do not have to ask the coach what the afternoon's workout was, since they had designed the workout. Sapp's ultimate goal in using this type of program is to teach the skiers not only so that they can coach themselves, but so that they will be able to go on and coach other skiers...
...penalty-killing unit got a good workout in the last period when sophomore defender Bev Stickles and Simonds each took a turn in the box for tripping penalties. This group looked strong, allowing Bowdoin to escape its own zone only a handful of times...
...contracts. "Legislators don't want to touch this hot potato," says Boston University Law School professor Frances Miller, "so the courts have to deal with these issues." With more than 200 conception clinics around the country, and 2 million couples seeking their services, the judges may get a workout...