All the merger partners of United, Delta and American also went through reorganizations: Continental now part of United, two bankruptcies and one bankruptcy each for US Airways now part of American and Northwest now part of Delta.
As Global Crossing was going through a reorganization in 2002, old shares were changing hands at 10 cents apiece even though the reorganization plan clearly made them worthless.
Times have been tough for local banks, too, with Arcapita in Bahrain filing for bankruptcy in March and Shuaa Capital in Dubai going through a reorganization.
The artistic staff is going through a reorganization caused by a change in the status of John Dexter, the director of production.
"We are going through a reorganization but can't confirm the number of staff we will lose," said Dee Cayhill, a spokeswoman for the company.
In addition, while Yahoo is going through a reorganization aimed at making it more nimble and more accountable, crucial posts remain unfilled, and some investors are waiting for the company to lay out a clear strategy.
Just as the music was flooding the charts, the business of radio was going through a radical reorganization.
DETROIT — General Motors, already much leaner and more efficient after going through bankruptcy and a painful reorganization, still has to undertake years of sharp cost cuts to ensure it remains profitable, its executives said Tuesday.
It is now going through a Swedish process known as reorganization, a step short of bankruptcy, as it tries to persuade its creditors to prop it up while it looks for a buyer.
Texaco went through bankruptcy reorganization and was eventually purchased by the Chevron Corporation.
