成人小说亚洲一区二区三区,亚洲国产精品一区二区三区,国产精品成人精品久久久,久久综合一区二区三区,精品无码av一区二区,国产一级a毛一级a看免费视频,欧洲uv免费在线区一二区,亚洲国产欧美中日韩成人综合视频,国产熟女一区二区三区五月婷小说,亚洲一区波多野结衣在线

立即打開
The new boss at Old GM

The new boss at Old GM

2009年06月02日

????By Patricia Sellers

????You might call Al Koch the world’s biggest trash collector. As bankrupt General Motors (GM) splits into two parts — New GM, containing Chevrolet, Cadillac, Buick, and GMC, and Old GM, containing designated bad assets such as Pontiac, Saturn, Hummer, Saab — Koch is the hired gun who’s supposed to create value from that latter lot.

????Bringing “New GM” out of bankruptcy will be difficult enough. Why would anyone take the tougher slog at “Old GM”?

????This is what Koch does — the toughest turnarounds. He’s vice chairman at restructuring consultancy AlixPartners, which works on saving sick comapnies globally but has been a Detroit mainstay for decades. AlixPartners’ clients have included DeLorean’s creditors in 1984, Detroit (the city itself) in 1994, and Kmart in 2002.

????Koch, now 67 and a 14-year veteran of the firm, has served as interim CEO of crippled companies such as video-game distributor Handleman (HDLM) and manufactured-home builder Champion Enterprises (CHB). But his most memorable job was at Kmart in 2002. Kmart was the largest retail restructuring in history and, as it turned out, one of AlixPartner’s big successes.

????As Kmart’s interim CFO through its bankruptcy, Koch got lucky. When I interviewed him in late 2005 for a story about investor Eddie Lampert, he said that he and his restructuring-expert colleagues had never heard of this young investor who had swooped in and bought Kmart bonds at 40 cents on the dollar. “To most people, Kmart looked like a pile of trash,” Koch said. “We were told that this hedge fund guy had bought a huge portion of Kmart and wanted to get it out of bankruptcy fast.”

????Lampert pressed Koch and the other restructuring pros, who were earning $10-20 million a month during Kmart’s bankruptcy, to exit Chapter 11 quickly. Lampert argued that neither customers nor management talent would be attracted to a bankrupt Kmart. The company emerged from bankruptcy in May 2003, a year ahead of schedule. Lampert, who had invested some $800 million for a 54% ownership stake, merged Kmart with Sears two years later to form Sears Holdings (SHLD).

????Old GM won’t be as smooth or as quick as Kmart was. As my colleague Alex Taylor notes, “new GM” will have an incentive — from the U.S. government, new owner of a 60% stake – to exit Chapter 11 rapidly, possibly in 60 to 90 days. The Old GM restructuring, meanwhile, could take years.

????As Old GM’s chief restructuring officer, Koch will be negotating separation agreements with New GM and commandeering efforts to unload or liquidate those dud brands such as Saturn and Hummer.

????His influence could turn out to be broader than his marching orders designate. After all, he’s worked with GM several times over the years. These past few months, he’s helped negotiate the sale of New GM assets to the government. Now he’s reporting to CEO Fritz Henderson and to GM’s board as well. As a guy who lives and dies by finding value in junk, Koch surely won’t take his shot at making history lightly.

掃碼打開財(cái)富Plus App
欧美日韩在线观看一区二区三区| 亚洲av无码片在线播放| 欧美日本韩国一区二区三区视频| 日韩日本系列有码字幕中文字幕| 精品国产免费人成在线观看| 久久久久国产精品嫩草影院| 无码人妻精品一区二区三区99不卡| 色欲久久久天天天综合网| 国产亚洲品久久久久久久无码| 久久亚洲精品AB无码播放| 在线无码免费的毛片视频| 国产超薄肉色丝袜视频在线a| 精午夜亚洲精品国产| 亚洲天堂在线观看视频网站| 日本动漫瀑乳H动漫啪啪免费| 波多野结衣一区二区三区在线播放| AV无码人妻一区二区三区| 老少妇人妻无码专区视频大码| 日韩va无码中文字幕不卡免费| 91久久精品国产成人久久| 国产日韩精品一区二区三区小说| 亚洲高清在不卡一区二区三区| 无码专区精品在线播放| 日本免码va在线看免费最| 午夜av精品一区二区三区| 男人桶女人18禁止网站| 精品国产自在在线午夜| 直接观看黄网站免费| 女邻居丰满的奶水在线观看| 久久99国产综合精品| 国产精品免费大片一区二区| 夜夜骚AV-D,亚洲VA中文字幕无码毛片| 日韩人妻不卡一区二区三区| 国产无人区卡一卡二卡三乱码网站| 国产精品 1080P 在线精品视频一区二区三四| 18禁高潮出水呻吟娇喘蜜芽| 久久精品无码一区二区| 丰满熟女高潮毛茸茸欧洲视频| 国产免费看片国产第一页| 精东传媒2024精品密友| 中文字幕人成乱码在线观看|