The turnaround is an enormous fiscal achievement for Mr. Bloomberg, but it's a tenuous one.
For both companies, the rewards are enormous if they succeed with their turnarounds — starting with the title of the world's biggest carmaker, which they traded bragging rights to during 2007.
Yet the industry's incumbents tend to resist change because they have much to lose from it; and given the sector's enormous and long-lived stock of fixed assets, a turnaround is bound to take time.
The company said Thursday that it faced "enormous challenges" in 2009 and saw no signs of a turnaround.
But news of the company's designs for Sprint weighed heavily on its shares, as investors fretted about the enormous amounts of borrowing needed to finance that transaction and the American company's turnaround.
Postponing a final end to U.S. military action in Afghanistan until 2014 puts U.S. taxpayers and American troops on the hook for an enormous investment of blood and treasure in a failing enterprise with no prospects for a turnaround.
The prospectus appears to show the enormous profitability of Wall Street advisory work, in which corporations pay bankers for strategic advice related to mergers and turnaround situations.
The figures represent an enormous increase in the amount of money that GGV is managing; a fast close would also represent a remarkably short turnaround for its investment team.
The Wii was an enormous hit that outsold competing systems from Microsoft and Sony, but its sales have faded in recent years, putting pressure on the Wii U to help lead a turnaround at Nintendo.
