It's troubling when a corporate turnaround specialist leaves the company before the turnaround is finished. That appears to be the situation at Exelon Corp., where Carl Croskey, president of the energy giant's Commonwealth Edison Co. unit, abruptl It's troubling when a corporate turnaround...
It has been observed that rising competition; cyclical financial markets and economic volatility have created a climate where no business can take economic stability for granted. As once-stable companies struggle to maintain profitability, it is important to understand what it takes to complete a successful corporate turnaround. Article lists some...
Carlos Ghosn is the architect of the most dramatic turnaround of an automaker's fortunes in recent times, but he doesn't dress the part. No fussy monogrammed shirt, no sparkling ingot cufflinks, no Italian loafers--none of the trappings that would signify his Captain of Industry station are apparent when Ghosn introduces...
Daiei Inc. has agreed with its creditor banks to let private investment funds and a state-backed corporate turnaround agency start a due diligence review of its assets, postponing the deadline for finishing its rehabilitation in the process. The bank Daiei Inc. has agreed with its creditor...
When corporate-turnaround specialist and new Kmart Chairman James Adamson didn't show up for a press breakfast that was planned well in advance and attended by about 30 members of the local and national media, WXYZ-TV Detroit reporter Steve Wilson When corporate-turnaround specialist and...
IF CEOs feel unusually beleaguered in these nailbiting days of sagging markets, earnings, and stock prices, they can find solace in this thought: At least they don't have the problem that faces George D. Warrington.
NEW YORK -- Jerome B. York, the man who helped shape the recoveries of Chrysler and IBM, will talk about corporate turnarounds and the role of private equity at the Dow Jones Private Equity Analyst Conference to be held here at the Waldorf=Astoria Hotel on Sept. 20 and 21.
WOODLAND HILLS, Calif.--BUSINESS WIRE--July 8, 1996--A.M. Best's rating service has upgraded 20th Century Insurance Company's financial performance rating two grade levels to B+ Very Good in its most recent release of property/casualty insurance ratings issued June 24, 1996.
San Diego--Long-time bipolar ASIC vendor Applied Micro Circuits Corp. AMCC, coming off a corporate turnaround, is repositioning itself to play in high volume chip markets.
The New York Times in a September 19 story captured the context of Ford's major announcement, noting "among the most surprising developments this week was Ford's decision to keep open a plant in Hazelwood, Mo., in the St. Louis area, that it had said must close as part of its...
VANCOUVER, British Columbia -- CLEARLY CANADIAN BEVERAGE CORPORATION (OTCBB: CCBEF) announced today that Steve Nash, two-time NBA Most Valuable Player, has entered into a worldwide product endorsement relationship with Clearly Canadian. This three-year exclusive agreement names Steve Nash as Clearly Canadian's official spokesperson and appoints Mr. Nash to the Clearly...
Bureau Veritas has announced the appointment of Pat Lawless as Chief Executive UK & Ireland as of 1 January 2007. Bureau Veritas UK & Ireland reported an £82 million turnover in 2005 and employs over 1500 staff throughout 38 offices. Pat Lawless pictured joined Bureau Veritas in June 2004 as...
Jun 06, 2007 (The Australian Financial Review - ABIX via COMTEX) -- General Motors GM held its AGM in Wilmington, Delaware, in early June 2007. CEO Rick Wagoner said the company made significant progress in implementing a corporate turnaround durin Jun 06, 2007 (The Australian Financial...
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