Xerox is trying to recover from a failed reorganization that prompted the ouster of its chief executive in May.
Although the results met analysts' lowered expectations, shares of Xerox fell $3.1875, to $15. Xerox is facing increased competition and is trying to recover from a failed reorganization that prompted the ouster of its chief executive in May.
Still, there have been far more examples of failed reorganization attempts than success stories in the advertising world.
STROUDS INC., City of Industry, Calif., a bed and bath linens retailer, filed for Chapter 11 bankruptcy protection after an internal reorganization failed to stem losses.
But that first reorganization failed to generate new investment for the sector or to solve the chronic problem of nonpayment that, until recently, had strangled the industry.
The Penn Central continued to lose money, and, when efforts at reorganization failed, the assets of the railroad were acquired by Consolidated Rail Corporation Conraill) in April 1976.
Xerox xrx ousted Chief Executive Richard Thoman last month after a massive sales reorganization failed to streamline operations, and efforts to Web-enable its products and solutions moved slower than expected.
[C3.] ABB Chairman Hints at Revamping A day after the chairman of ABB, Europe's largest electrical engineering group, resigned unexpectedly, his successor, Jürgen Dormann, acknowledged that the company had lost "the credibility of the market" after a series of reorganizations failed to prevent a drastic slide in its share price or produce profits.
One day after the chairman of ABB, Europe's largest electrical engineering group, resigned unexpectedly, his successor, Jürgen Dormann, acknowledged today that the company had lost "the credibility of the market" after a series of reorganizations failed to prevent a drastic slide in its share price or produce profits.
Recent insolvency laws, such as those enacted in Argentina and France, provide for a unified procedure in which liquidation is decreed only after the possibility of reorganization has been found not to exist or an attempted reorganization has failed.
Though the reorganization effort failed and the schools were ultimately taken over, the record of her work at Marcy was incorporated into her first book, "Ghetto Schooling," published in 1997 and still considered a seminal text in the field.
