Wherever layoffs take place, severance is sure to follow. And, as most senior financial executives know, severance could be a big cash drain for companies at precisely the time they are trying to conserve cash. One should not despair. A new method allows companies to save cash by restructuring the...
United Airlines "will perish some-time next year" if it cannot stop its current cash drain, Chairman and CEO James Goodwin told employees last month. Effective with the Nov. 1 schedule, United will be flying 26% fewer ASMs and 31% fewer d United Airlines "will...
SINCE JOHN TROUTT JR. sold the 117-year-old Jonesboro Sun for $40 million in 2000, the Troutt family has had its share of bad financial news. A Florida real estate investment was already a cash drain. Then in 2002, Troutt learned a $9 million annu...
Novavax Inc., of Rockville, a drug delivery company developing vaccines to protect against H5N1 pandemic influenza, seasonal flu and other viral diseases, announced that it has agreed to terminate its manufacturing agreement with California-based Allergan Inc. for Estrasorb, a topical treatment for menopausal symptoms such as hot flashes and night...
"Planning for the repurchase obligation (also called the ""repurchase liability"") is an important issue for employee stock ownership plan ESOP companies whose stock is not publicly traded. Section 409h(1)B of the Internal Revenue Code of 1986 Code requires that such companies be prepared to buy stock back at the then...