Exact(5)
G.M., which has been granted $13.4 billion in federal aid, insists that a quick restructuring is necessary so its image and sales are not damaged permanently.
That would allow for a quick restructuring while keeping intact the previous agreements with the union, the big bank lenders and Fiat.
A quick restructuring appears possible because of new agreements with the U.A.W. and a majority of G.M.'s bondholders who agreed to swap their debt for equity in what is being referred to as the "new G.M".
With Mr. Hensler's quick restructuring of the company's American classical music holdings regarded as a success, Polygram appointed him president of the entire label -- pop and classical -- in November 1981.
However, according to the New York Times, "[A] quick restructuring appears possible" precisely because of the agreements brokered by the administration with the union and GM's bondholders.
Similar(52)
News International funded quicker restructuring than would normally be allowed [via its £30m payment relating to the partial cancellation of a contract printing agreement].
News International [which paid £30m to partially terminate a printing contract] funded a quicker restructure than we would have been allowed.
Kao, which has been profitable for 12 years in a row, has strong management that thinks internationally and is quick to restructure unprofitable businesses.
Wells Fargo officials attribute that divide to prudent lending standards — like requiring higher down payments — and being quicker to restructure problem loans from the start.
President Obama is scheduled to announce details of the auto package at the White House on Monday, but two senior officials, offering a preview on condition of anonymity, made clear that some form of bankruptcy — a quick, court-supervised restructuring, as they described it — could still be an option for one or both companies.
Wall Street analysts, who were disappointed with the low revenue forecast that Cisco gave for the current quarter and the coming fiscal year, said they were pleased to see Cisco taking quick and decisive action on restructuring.
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