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Peter Voser, ABB's chief financial officer, said today that because the prepackaged Chapter 11 filing would need approval from at least 75percentt of the asbestos plaintiffs, it "can therefore provide a relatively swift reorganization, potentially reducing costs and consequently generating more money for the settlements".
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But some question whether the swift social reorganization risks fueling tensions that could undercut stability in the years ahead, or even lead to intractable internecine war.
But with these high official aspirations, made possible by force, have come whiffs of revenge, which raise questions about whether the swift social reorganization gathering momentum in Libya risks fueling tensions that could undercut stability in the years ahead, or even lead to intractable internecine war.
Investors had hoped for a larger bounce on the first day of trading for the company, which was rescued last year by a $50 billion government bailout and swift trip through bankruptcy reorganization.
While Mr. Obama's auto task force has held only one meeting with G.M.'s bondholders — who had rejected the company's previous reorganization plan as too onerous — it is still seeking to win union support for a swift bankruptcy, one person involved in the discussions said.
The reorganization makes sense.
Difficulties remain despite reorganization efforts.
Reorganization is precisely the point.
launched a bout of reorganization.
Olympus needs reorganization in spades.
One swift.
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