Lalani and the new group finance director, Tony Chanmugam, have been poring over the group's books and slashing the value of the business.
BAE Systems has plunged into the red after agreeing to pay fines to US and UK authorities, and slashing the value of its military trucks division.
But even though the Great Recession has devastated defined benefit pension plans and slashed the value of savings in self-directed retirement funds, you still stand a good chance of enjoying a retirement that's even more prosperous than those of your forefathers.
Extracting one from the matrix in which it was fossilized can take hundreds of hours, and although a perfect preparation is exceedingly rare, the smallest slip can slash the value by as much as two thirds.
Disappointing earnings helped slash the value of the company.
Since then, BT has been forced to slash the value of Global Services by £340m.
Removing that excess would slash the value of housing assets by £700 billion.A recent pick-up in house-price inflation magnifies the potential for a damaging crash.
Just as bad, a sharp global slowdown would slash the value of the kingdom's hundreds of billions of dollars in overseas holdings.
Germany's Finance Ministry said it did not see any reason to grant Greece a debt "haircut" or any other measures that would slash the value of money on loan to the crisis-ridden country.
In the session on Monday, the Supreme People's Assembly fired Prime Minister Kim Yong-il, who reportedly made a rare apology in February for the decision to slash the value of the North's currency to fight inflation, a move that wiped out most savings and created social chaos.
An Australian lender that co-invested with Merrill has reportedly already had to slash the value of its CDOs to ten cents on the dollar, because it held lower-rated tranches.All eyes will now be on Citigroup and UBS, which vied with Merrill for top spot in the CDO league tables during the boom.
