"Lessons from Lehman Brothers: Will We Ever Learn?" Maria Diana Lazaro, Freda Macaisa, and Patricia Molina MGTP/521 February 20, 2013 Richard Dettling "Lessons from Lehman Brothers: Will We Ever Learn?" #2.Discussion Question: What was the culture at Lehman Brothers like? How did this culture contribute to the company’s downfall? Discussion: The unethical culture by the top executives in the Lehman Brothers company was one of the major contributions to the downfall of this organization
Words: 864 - Pages: 4
Case Analysis: Loewen 1. Loewen was able to grow between 1990 and 1995 through pre-need sales, or sales of cemetery plots for future use. While the pre-arranged funeral service revenues could not be recognized immediately, revenues from the pre-sale of cemetery plots could be. With the Baby-Boomer generation aging into their 50s and 60s, this market represented the major source of growth in the early 1990s. We do not believe Loewen created value with this source of revenue as it was simply benefitting
Words: 946 - Pages: 4
place to work in 1994. “surly to costumers, surly to each other, and ashamed of their company. And you can’t have a good product without people who like coming to work. It just can’t be done,” he recounts. Continental going through hard time: Chapter 11 bankruptcy protection 2x in eight years. 1983 and 1991. 10 different CEOs. Lost 600 million and ranked last in every performance category. Bethune arrives and makes $250 million and was ranked as one of the best companies to work for in America
Words: 501 - Pages: 3
of the act. New Legislation The new Legislation enacted by Congress called the Bankruptcy Abuse and Consumer Protection Act was intended to make it more difficult for debtors to file a Chapter 7 Bankruptcy under which most debts are forgiven or discharged and instead force debtors to file a Chapter 13 Bankruptcy under which debts are discharged only after the debtor has repaid some portion of these debts. Herbert Addison reports, On October 17, 2005 President Bush’s bankruptcy reform law
Words: 1064 - Pages: 5
intended to provide some general bankruptcy information and is certainly not intended to replace the tailored information a debtor will receive from an attorney. Bankruptcy is governed by Federal Law (Title 11 of the US Code separated into individual Chapters, each dealing with a different type of bankruptcy) but the bankruptcy laws of each state also play an important part; consequently, though there are bankruptcy kits, you will probably need a lawyer to successfully file and a lawyer search should
Words: 960 - Pages: 4
subject to immediate payment. The reputation of the company was in question, affecting the profits of the company, making it impossible to earn enough money to cover the loans. On July 21st, 2002, the largest filing in USA history, WorldCom filed Chapter 11 bankruptcy protection, resulting in one of the largest corporate fraud scandals. Becoming MCI and moving to Dulles, Virginia on April 14th 2003, the bankruptcy reorganization agreement meant the company paid $750 million to the SEC in cash and
Words: 302 - Pages: 2
of failure. By implementing his ideal, the author believes your company will survive, along with great rewards in the future. The book starts off in chapter 1 by introducing himself and his company, American Management Services, they have been working for decades to help save Main Street Businesses. The truth at the beginning of the chapter is YOU’RE the fault for your business failures, do not blame recession for your failure, you are the ultimate factor in determining your businesses survival
Words: 1711 - Pages: 7
One: Commissions Chapter One Chapter Two Chapter Three Chapter Four Chapter Five Part Two:Physiognomies of Flight Chapter Six Chapter Seven Chapter Eight Chapter Nine Chapter Ten Chapter Eleven Chapter Twelve Chapter Thirteen Chapter Fourteen Chapter Fifteen Chapter Sixteen Chapter Seventeen Part Three: Metamorphoses Chapter Eighteen Chapter Nineteen Chapter Twenty Chapter Twenty-One Chapter Twenty-Two Chapter Twenty-Three Chapter Twenty-Four Chapter Twenty-Five Chapter Twenty-Six Part
Words: 46847 - Pages: 188
and peering links, Virtual private network, leased lines, audio and video conferencing. Its customer base ranged from private individuals to large enterprises and other carriers. Global crossing suffered a big crisis in year 2000 when it filed for chapter 11 bankruptcy protections in January 2000. Its assets were sold to Asia Netcom, which is a subsidiary of China Netcom. Global Crossing gained significant publicity through their bankruptcy process as a result of the behavior of the firm's managers
Words: 579 - Pages: 3
entertainment consoles became ever more popular and Atari loss previous momentum and slowly dwindled away. Filing Bankruptcy Atari US filed Chapter 11 bankruptcy protection January 2013 to break away from its unprofitable parent company to “secure independent capital for future growth, primarily in the areas of digital and mobile games” (Pepitone, 2013). Under Chapter 11 bankruptcy, the debtor proposes a reorganization plan to pay creditors back over time (Liuzzo, p343). Atari US expects this filing
Words: 676 - Pages: 3
