The Alphabet non-event shows that, when it comes to long-term strategic investments, even a company as mighty as Google cannot really do what it wants, having to pander to the short-term needs of investors and fake normality through legal restructuring.
Reimagining the library for the 21st Century and beyond -- the new building should be completed by 2019 and in full use by 2020 -- has been a herculean task, involving decades of committees, legal restructuring, legislation, and a unique partnership of public and private funds.
Europe is moving to adopt a legal debt-restructuring scheme for bonds issued after 2013 modeled after the I.M.F.'s own unsuccessful sovereign debt restructuring mechanism.
In addition, the bank said it would create a unit within its private bank to absorb legal and restructuring costs associated with reductions in its business aimed at overseas clients, including expected settlements related to tax investigations by the United States.
It also works to improve municipal services, promote entrepreneurship, develop stronger financial institutions and legal systems, and restructure and privatize state-owned businesses.
Giving an overly indebted entity the legal authority to restructure its debts is not a bailout — it's how American capitalism deals with debt.
He said he believed that "the system has been skewed in favor of the utility companies" and said improving the dynamic would require "legislation and legal changes that restructure dramatically the way this relationship works".
Excluding one-time costs for corporate restructuring, legal fees related to an investigation into the stock options practices and other matters, Take-Two lost 64 cents a share.
Judge Lane said that regardless of the legal proceedings, the restructuring plan was viable because it had received the broad backing of creditors and shareholders, as well as unions representing pilots, flight attendants and mechanics.
Of course, chief executives and boards don't like to have to tell shareholders they need to write down high levels of legal liabilities and restructuring charges, let alone do so for several years in a row.
JPMorgan is spending $3 billion more on controls than it did in 2011.One measure of these firms' viability is their "best case" return on equity (ie, assuming that the huge, supposedly, one-off legal fines and restructuring costs incurred over the past half-decade suddenly stop, but the new capital standards are fully implemented).
