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Miller has clearly chosen bankruptcy over collective bargaining to restructure the company. Delphi is using a bankruptcy judge to begin moving in the direction of Chinese wages and benefits. Harley Shaiken
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My experience with debtors is that even if you get your life back on track, the experience of bankruptcy and the sense of failure stays with you.
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More than 50 percent of the people who file bankruptcy file it incorrectly, and it is unnecessary in many of the cases. They have plenty of money to pay their bills, but are too disorganized.
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Moody's chairman, Clifford Alexander, was on the board of WorldCom up until last year, ... The biggest bankruptcy in U.S. history, and the chairman of Moody's was on the board. There's no way that should happen. He also shouldn't be on the board of the National Association of Securities Dealers. They're supposed to be independent.
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More often than not, when you have a bankruptcy and the company emerges -- particularly when new equity is invested -- you can expect the current board will no longer be in place. It's just normal.
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I wouldn't expect to see any major effects of these bankruptcy filings on passengers. I think both carriers will restructure successfully and continue flying.
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If we don't have the CAP program, then I'm going to the bankruptcy court. It would be the dissolution of the agency.
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Because they (Delphi) have considerable leverage at a moment of bankruptcy is not the same as saying the UAW is out of the game.
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shouldn't have to jump through hoops to get bankruptcy relief.
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We're not crying wolf. This is a very real crisis, and it is undoubtedly going to be very painful. We hope that donors will come up with cash soon, so that we can restore full rations.
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Mainly it's a storage problem. It's a lot easier to handle cash to provide immediate services for clients, and we can also be more specific with our help.
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Make sure you leave enough cash value to keep the policy in force or you could get a nasty tax bill.
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Many of the donor programs have not only been ineffective, they have harmed the economy. Cash is not the issue. What you need is investor confidence.
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Many times, they will take it, stamp it and cash that check right away.
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So far this year, we've donated in excess of $2.5 million in materials and cash to Habitat for Humanity on a national basis.
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McDonald's has run out of high return places to invest cash like they did over the last 50 years, so the prudent decision is just give it back to shareholders.
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Me and my wife put a family of five in a hotel seven or eight nights. It's kind of hard to imagine waking up one day and losing everything. They were sleeping on a floor in a relative's house. My wife, Judy, gave them some cash to go by some essentials. Hopefully they're on the road to recovery.
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One needs to remember that production disruption insurance usually doesn't start until 90 days elapse from outage, so some companies could stand to lose meaningful cash flow if their facilities are affected.
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Would we say the (oil) reserves in Texas are irrelevant? ... I don't think so. Pete Domenici
reserves
We'll have to look to our reserves for help.