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Indeed, after Drexel experienced its cash crisis, executives from the firm told potential investors that to survive the firm needed $350 million, Wall Street executives said.
With Spain's economy struggling to stay afloat amid the world financial crisis, executives from smaller, debt-laden clubs warn that the workload for bankruptcy courts is bound to rise.
IF our holdback measure had been in place before the last crisis, executives might have had serious second thoughts about giving a green light to mortgage-backed securities that would later go bust.
Likewise, when profits seemed bloated during the California crisis, executives said, it became common to give trades a "haircut," shifting a portion of the profits into a reserve that could later be drawn down.
It is well known that in the global crisis, executives on Wall Street had exploited a financial system that guaranteed huge profits and pay regardless of risk because the U.S. taxpayer would cover the losses.
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After talking to Rand and Far [Shariat, "Crisis" executive producer], they're great guys and they have a real commitment to making this real quality television.
Adam Sampson Chief executive, Shelter David Harker Chief executive, Citizens Advice Leslie Morphy Chief executive, Crisis Sarah Webb Chief executive, Chartered Institute of Housing Vivien Gambling Chair, Housing Law Practitioners Association.
Mr. Bryson said he was doing exactly what a chief executive was expected to do, negotiating in a crisis, while executives at Pacific Gas and Electric were spending their days in court or answering lawyers' questions.
In the years leading up to the credit crisis some executives became famous for their expenditures, like L. Dennis Kozlowski, the former chief executive of Tyco International, whose $6,000 shower curtain became a symbol of unnecessary extravagance.
Crisis management executives agree.
All three networks have benefited from the crisis, as executives fearful of losing their jobs have rushed to burnish their contacts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com