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From 1866 to 1869 Agassiz was the superintendent of a copper mine near Lake Superior, at Calumet, Mich.; he eventually became president of the mine, retaining that position until his death, by which time he had changed an initially unprofitable operation into the world's foremost copper mine.
Operating as a national carrier, of course, does not always mean inefficient or unprofitable operation.
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They also need to drop their unprofitable operations.
He has trimmed unprofitable operations and focused on the book division.
They are decisions like shutting down unprofitable operations or waiting until conditions improve.
The bank also announced plans to revamp its wholesale banking division, as well as seek buyers for unprofitable operations.
Mr. Browett also closed unprofitable operations, including stores in Spain, and added bigger brands to the stores' offerings.
Starting last year, he said, new management sold off unprofitable operations and aligned employee compensation with improved profitability.
Mr. Rogers has shed many unprofitable operations, pared the company's payroll and consolidated various drilling businesses, industry analysts said.
The Li firms appear to be betting the complementary nature of MGN's British gas business will enable them to engineer a turnaround at its unprofitable operations.
"Banks, however, would prefer to sell or write down unprofitable operations, as well as adjust their balance sheets, to free up cash to meet the new requirements".
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