Workouts and Turnarounds II: Global Restructuring Strategies for the Next Century: Insights from the Leading Authorities in the Field

Every executive should make active use of a basic reference library of about 12-15 business books; Workouts & Turnarounds II should be one them. Edited by Dominic DiNapoli, it consists of 21 different chapters, written (or co-authored) by experts on various subjects. These chapter titles suggest some of the issues which are addressed:* Trouble-Spotting: Assessing the Likelihood of a Turnaround* Looming Financial or Business Failure: Fix or File -- A Legal Perspective* Preparing for Bankruptcy: Building the War Chest* The Lawyer's Role in Representing the Distressed Company* The Accountant's Role in the Workout Environment* Dealing with Employee Issues in a Bankruptcy Situation* Mergers and Acquisition Strategies for the Distressed CompanyAt one time or another, all organizations experience serious problems. Many of them eventually recover. The wealth of information and advice provided in this single volume explains HOW. Other organizations, unable to solve their problems, are either liquidated or acquired. This book explains WHY. I know of no other single volume which offers more and better information about workouts and turnarounds, corporate restructuring, and bankruptcy proceedings. This book can be of substantial value to those involved with a distressed organization. It was written primarily for them. However, I think this book can also be of substantial value to those whose organization is (at the moment) thriving and who are determined to sustain that success. Knowing what NOT to do is often as important as knowing what to do.