Exact(4)
The fast food chain recently revealed the new options, which it hopes will help turnaround sales following a three-year decline.
A spokesman for Kevin Orr, a bankruptcy expert hired by the state in March to help turnaround the city's finances said, "Nobody sends million-dollar cheques anymore - they wire the money.
The question is, will it help turnaround the previously floundering company?
But the attention given to the practice - which involves sending in external experts to help turnaround poor performance - will now be sky-high.
Similar(54)
Peter Smedley at Charles Stanley was also prepared to give the management the benefit of the doubt: We continue to see Thorntons as a classic, self-help turnaround story that should increasingly attract the attention of investors as it shakes off the perception of an embattled chocolate retailer and transitions towards a FMCG [fast moving consumer goods] branded model.
But the continuing extreme weather is likely to cost the company a substantial amount, which will hardly help the turnaround.
The announcement started speculation that Mr. Sonobe will hand over his post to the chief operating officer, Rolf Eckrodt, who was sent by DaimlerChrysler last year to help the turnaround.
Several favourable tailwinds are now helping a turnaround: the weak euro has helped exporters find new foreign markets to compensate for a lack of domestic interest; a weak oil price is keeping business costs down; and pan-eurozone policies designed to reflate the economy, such as the ECB's quantitative easing programme, have helped to stimulate demand.
Surging sales of its Chrysler, Jeep, Dodge and Ram products has helped the turnaround.
"If I can be part of the team that helps the turnaround G.M., I think that's something I can be incredibly proud of in 20 years," Mr. Liddell said.
"Has it helped the turnaround?
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