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Lehman, which employs nearly 25,000 people around the world, tried to convince investors on Wednesday that it could survive on its own by selling divisions and spinning off commercial real estate assets, but its stock continued to decline.
Some people think that whoever replaces Mr. Messier will want to cut costs in Hollywood -- perhaps by laying off workers, trimming expenses or selling divisions wholesale -- to reduce the company's overall debt.
Some 12,000 jobs will be cut in the next two years at a cost of £120 million ($188 million), mainly by farming out administrative duties and selling divisions in the United States.
To mend ailing units at Intuit, Bennett hasn't ruled out anything, from selling divisions to acquisitions.
So like any company under dire straits, it is considering selling divisions, to cut costs and to reap money to make up for losses elsewhere.
Williams' fund, one of the Excelsior funds advised by U.S. Trust, has 60% of its holdings in firms that are restructuring their balance sheets, selling divisions, laying off employees and the like.
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The Chiefs are one of 13 teams to go from worst to first in their division since 2003, and by Sunday evening, the Chiefs Webb site featured playoff ticket information and was selling division champion T-shirts.
The chief executive, Rick Haythornthwaite, has moved swiftly to cut jobs and sell divisions to help restore profits.
O'Neal continued to cut jobs, and, reversing some of Komansky's international expansion, he sold divisions in Canada, and scaled back operations in Japan and South Africa.
But to satisfy the government loans, he has been trying to sell divisions, a fact made harder because of A.I.G.'s opaque structure.
Few retailers have been buying other companies in recent years; as business has tightened, executives have looked to sell divisions instead.
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