Operational restructuring moves, based on Sudarsanam and Lai's (2001) operational restructuring classifications, can either alter an organization's existing processes, adjust product and service offerings as well as related sales activities, or address changes in operating assets or underlying capital structures (Sudarsanam and Lai 2001).
Ernst's formula starts by comparing a company's growth in net worth over the course of a year to its growth in operating assets (basically:plant, equipment, inventory).
"Right now our control over the operating assets in China has been quite limited," Tiffany Wong, a partner at KPMG China and herself one of the court-appointed liquidators, said on Tuesday.
In the last year, IDT, which is based in Newark, has scooped up the operating assets of Winstar for $42.5 million and bought out its largest competitor in the prepaid-calling-card business, PT-1, for $30 million.
The asset purchase encompassed all the operating assets of the Land O'Lakes Fluid Dairy Division.
To ensure against Enron-like fallouthethe Federal Energy Regulatory Commission has merger approval, market and rate authority over energy and public utility deals in the U.S. Yet, just as the merchant energy firms have dropped out of the trading game, the trading desks of investment banks, whether or not they own and operate assets, have stepped in to proprietary power trading.
Sprint's partnership with Skiff builds on more than 10 years of experience in working with vendors to provision non-Sprint-branded devices to operate on its networks, as well as extensive expertise in operating multiple platforms and assets.
Lazard's other main business, asset management, reported a 32 percent gain in operating revenue to $208 million, as both assets under management and net inflows grew.
Firms with a rapid growth in their sales levels have tended to increase their operating assets in order to meet the needs arising from this growth.
Conseco Life paid Conseco $641 million for the operating assets, all in the form of surplus notes.
The entertainment assets generated $6.2 billion in revenue and $1.3 billion in operating income in the quarter that ended March 31.
