Read Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage

Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage

Kevin J. Delaney

4.9/5 (13540 ratings)

Description:In 1982 Johns-Manville, a major asbestos manufacturer, declares itself insolvent to avoid paying claims resulting from exposure to its products. A year later, Continental Airlines, one of the top ten carriers in the United States, claims a deficit when the union resists plans to cut labor costs. Later still, oil powerhouse Texaco cries broke rather than pay damages resulting from a courtroom defeat by archrival Pennzoil.Bankruptcy, once a term that sent shudders up a manager's spine, has now become a potent weapon in the corporate arsenal. In his timely and challenging study, Kevin Delaney explores this profound change in our legal landscape, where corporations with billions of dollars in assets employ bankruptcy to achieve specific political and organizational objectives. As a consequence, bankruptcy court is rapidly becoming an arena in which crucial social issues are resolved: How and when will people dying of asbestos poisoning be compensated? Can companies unilaterally break legally negotiated labor contracts? What are the ethical and legal rules of the corporate takeover game?In probing the Chapter 11 bankruptcies of Johns-Manville, Frank Lorenzo's Continental Airlines, and Texaco, Delaney shows not only that bankruptcy is pursued by managers more and more as a strategy, but that it is becoming accepted by the business community as a viable option, and not just a last-ditch solution.This searing exposé of current corporate practices will incite debate among corporate executives, lawyers, legislators, and policy makers.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage. To get started finding Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: —

Format: PDF, EPUB & Kindle Edition

Publisher: —

Release: —

ISBN: 0520073592

Description: In 1982 Johns-Manville, a major asbestos manufacturer, declares itself insolvent to avoid paying claims resulting from exposure to its products. A year later, Continental Airlines, one of the top ten carriers in the United States, claims a deficit when the union resists plans to cut labor costs. Later still, oil powerhouse Texaco cries broke rather than pay damages resulting from a courtroom defeat by archrival Pennzoil.Bankruptcy, once a term that sent shudders up a manager's spine, has now become a potent weapon in the corporate arsenal. In his timely and challenging study, Kevin Delaney explores this profound change in our legal landscape, where corporations with billions of dollars in assets employ bankruptcy to achieve specific political and organizational objectives. As a consequence, bankruptcy court is rapidly becoming an arena in which crucial social issues are resolved: How and when will people dying of asbestos poisoning be compensated? Can companies unilaterally break legally negotiated labor contracts? What are the ethical and legal rules of the corporate takeover game?In probing the Chapter 11 bankruptcies of Johns-Manville, Frank Lorenzo's Continental Airlines, and Texaco, Delaney shows not only that bankruptcy is pursued by managers more and more as a strategy, but that it is becoming accepted by the business community as a viable option, and not just a last-ditch solution.This searing exposé of current corporate practices will incite debate among corporate executives, lawyers, legislators, and policy makers.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage. To get started finding Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Special Offer | $0.00

Special Offer! | $0.00

Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage

Strategic Bankruptcy: How Corporations and Creditors Use Chapter 11 to Their Advantage

More Books

Money at Work: On the Job with Priests, Poker Players and Hedge Fund Traders by Kevin J. Delaney (2012-07-16)

Money at Work: On the Job with Priests, Poker Players and Hedge Fund Traders by Kevin J. Delaney (2012-07-16)

Public Dollars, Private Stadiums: The Battle over Building Sports Stadiums

Public Dollars, Private Stadiums: The Battle over Building Sports Stadiums

Words to Wonder: 100 Quotes with Reflections and Stories to Inspire the Life You've Imagined

Words to Wonder: 100 Quotes with Reflections and Stories to Inspire the Life You've Imagined

A Life Worth Living: Finding Your Purpose and Daring to Live the Life You've Imagined

A Life Worth Living: Finding Your Purpose and Daring to Live the Life You've Imagined

Money at Work: On the Job with Priests, Poker Players and Hedge Fund Traders

Money at Work: On the Job with Priests, Poker Players and Hedge Fund Traders

A serial bus architecture for parallel processing systems.

A serial bus architecture for parallel processing systems.

Cracking the Career Code: Unlocking the Secrets of a Successful Career

Cracking the Career Code: Unlocking the Secrets of a Successful Career