problem, the reorganizers persuaded courts to set an "upset
especially when the reorganizers persuaded the court to set a low upset
Reorganizers once again created a clever workaround: they started
Empirical research suggests that this instrument can act as a
reorganizer of power among the shareholders that make up the OS.
Drawing on the records of five large corporations (the Chicago, Burlington & Quincy Railroad, Du Pont, Ford, International Harvester, and Metropolitan Life Insurance), he offers successive chapters on corporate social reconstruction as seen from the perspectives of local mercantile elites, the first executives, corporate culture builders, office
reorganizers, white-collar workers, farm implement dealers, and salesmen.
Similarly, recapitalization under distress which replace debt with equity are consistent with the signalling hypothesis: The
reorganizers hold revised expectations and signal a lower level of cash flow by proposing reduced debt services.
In the vicious spiral process we found that when organizational changes were pursued in the bank of interest everything seemed to go wrong: the organization was forced to change, it failed in recruiting a meaningful reorganizer, there were continuing disagreements in the management team, there was increasing fear of the future from the superior's side.
To tap opportunity facilitation, organizational capabilities across time included failed attempts to change the structure toward profit-centers, merger from outside pressure, failure of several reorganizer recruitments, an old-timer recruited as a reorganizer, a crisis workshop, middle-managers' coalition, past charismatic leadership emphasis, middle-managers' networks bypassing their superior, and middle-managers taking a leading role in business management.
The bank hired first one reorganizer then another, both of whom left unsuccessful, after a very short period.
