Bankruptcy to Billions

Bankruptcy to Billions
Author: Sudhir Kumar
Publisher: Oxford India Paperbacks
Total Pages: 0
Release: 2010
Genre: Business & Economics
ISBN: 9780198069072

The Indian Railways is one of the world's largest state-owned enterprises with around 1.4 million employees, over 63,000 kilometres of network, running around 13,000 trains each day. Bankruptcy to Billions reveals for the first time how the Indian Railways transformed from near bankruptcy to post US$ 6 billion (Rs 25,000 crore) annual cash surplus in 2008. This book is a case study of how the Indian Railways brought a revolutionary change in its infrastructure to script its own success story. Defining and evaluating the conventional policy approach to reform large state-owned enterprises, this book comprehensively analyses Railways' innovative modus operandi that changed its status from a "profit averse" to a "profit oriented" organization. Providing valuable insights into other state-owned enterprises, Bankruptcy to Billions unveils the real story of the transformation of the Indian Railways.

Billions to Bust and Back

Billions to Bust and Back
Author: Thor Bjorgolfsson
Publisher: Profile Books
Total Pages: 334
Release: 2014-11-27
Genre: Biography & Autobiography
ISBN: 1782831169

Thor Bjorgolfsson is a self-styled adventure capitalist with an addiction to debt and an insatiable appetite for business deals who became Iceland's first billionaire. After 10 years establishing his financial empire with alco-pops and beer in the lawless 'Wild East' of newly-capitalist Russia in the 1990s, he moved on to merging, floating, spinning off and privatising businesses from Finland to Sweden, Poland, Bulgaria, Serbia, Greece and the Czech Republic. On his 40th birthday, and worth $3.5 billion, he was sitting on top of the world; only 250 people in it were richer than him. His most spectacular triumph was the takeover of Iceland's second-largest bank, Landsbanki - he had expected his investment's value to double or treble in four years, and instead it rose ten-fold. But when financial meltdown hit Iceland in October 2008, Landsbanki crashed and burned, taking Bjorgolfsson with it. Within 12 months he had lost 3.3 billion euros - 98.5% of his wealth - and was treated as a scapegoat in his native country for supposedly bringing about the disaster. Faced with appalling debts, Bjorgolfsson has made good on his promises to repay his creditors, and at the age of 47 is now a billionaire once again.

Strategic Bankruptcy

Strategic Bankruptcy
Author: Kevin J. Delaney
Publisher: Univ of California Press
Total Pages: 232
Release: 1998
Genre: Business & Economics
ISBN: 0520073592

In probing the Chapter 11 bankruptcies of Johns-Manville, Frank Lorenzo's Continental Airlines and Te×aco, the author shows not only that bankruptcy is pursued by managers more and more as a strategy, but that it is becoming accepted by the business community as a viable option and not just a last-ditch solution.

Billion Dollar Lessons

Billion Dollar Lessons
Author: Paul B. Carroll
Publisher: Penguin
Total Pages: 324
Release: 2008-09-11
Genre: Business & Economics
ISBN: 1440630100

”This book is your chance to learn from others’ mistakes.”-- Entrepreneur In the 1960s, IBM CEO Tom Watson called an executive into his office after his venture lost $10 million. The man assumed he was being fired. Watson told him, “Fired? Hell, I spent $10 million educating you. I just want to be sure you learned the right lessons.” There are thousands of books about successful companies but virtually none about the lessons to be learned from those that crash and burn. Now Paul Carroll and Chunka Mui draw on research into more than 750 flameouts to reveal the seven biggest reasons for business failure.

Thought Economics

Thought Economics
Author: Vikas Shah
Publisher: Michael O'Mara Books
Total Pages: 276
Release: 2021-02-04
Genre: Business & Economics
ISBN: 1789292670

Including conversations with world leaders, Nobel prizewinners, business leaders, artists and Olympians, Vikas Shah quizzes the minds that matter on the big questions that concern us all.

The Caesars Palace Coup

The Caesars Palace Coup
Author: Sujeet Indap
Publisher: Diversion Books
Total Pages: 282
Release: 2021-03-16
Genre: Business & Economics
ISBN: 1635766761

It was the most brutal corporate restructuring in Wall Street history. The 2015 bankruptcy brawl for the storied casino giant, Caesars Entertainment, pitted brilliant and ruthless private equity legends against the world's most relentless hedge fund wizards. In the tradition of Barbarians at the Gate and The Big Short comes the riveting, multi-dimensional poker game between private equity firms and distressed debt hedge funds that played out from the Vegas Strip to Manhattan boardrooms to Chicago courthouses and even, for a moment, the halls of the United States Congress. On one side: Apollo Global Management and TPG Capital. On the other: the likes of Elliott Management, Oaktree Capital, and Appaloosa Management. The Caesars bankruptcy put a twist on the old-fashioned casino heist. Through a $27 billion leveraged buyout and a dizzying string of financial engineering transactions, Apollo and TPG—in the midst of the post-Great Recession slump—had seemingly snatched every prime asset of the company from creditors, with the notable exception of Caesars Palace. But Caesars’ hedge fund lenders and bondholders had scooped up the company’s paper for nickels and dimes. And with their own armies of lawyers and bankers, they were ready to do everything necessary to take back what they believed was theirs—if they could just stop their own infighting. These modern financiers now dominate the scene in Corporate America as their fight-to-the-death mentality continues to shock workers, politicians, and broader society—and even each other. In The Caesars Palace Coup, financial journalists Max Frumes and Sujeet Indap illuminate the brutal tactics of distressed debt mavens—vultures, as they are condemned—in the sale and purchase of even the biggest companies in the world with billions of dollars hanging in the balance.

Fear City

Fear City
Author: Kim Phillips-Fein
Publisher: Macmillan + ORM
Total Pages: 302
Release: 2017-04-18
Genre: History
ISBN: 0805095268

PULITZER PRIZE FINALIST An epic, riveting history of New York City on the edge of disaster—and an anatomy of the austerity politics that continue to shape the world today When the news broke in 1975 that New York City was on the brink of fiscal collapse, few believed it was possible. How could the country’s largest metropolis fail? How could the capital of the financial world go bankrupt? Yet the city was indeed billions of dollars in the red, with no way to pay back its debts. Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was unworkable. The city had to slash services, freeze wages, and fire thousands of workers, they insisted, or financial apocalypse would ensue. In this vivid account, historian Kim Phillips-Fein tells the remarkable story of the crisis that engulfed the city. With unions and ordinary citizens refusing to accept retrenchment, the budget crunch became a struggle over the soul of New York, pitting fundamentally opposing visions of the city against each other. Drawing on never-before-used archival sources and interviews with key players in the crisis, Fear City shows how the brush with bankruptcy permanently transformed New York—and reshaped ideas about government across America. At once a sweeping history of some of the most tumultuous times in New York's past, a gripping narrative of last-minute machinations and backroom deals, and an origin story of the politics of austerity, Fear City is essential reading for anyone seeking to understand the resurgent fiscal conservatism of today.

Disconnected

Disconnected
Author: Lynne W. Jeter
Publisher: John Wiley & Sons
Total Pages: 278
Release: 2004-07-05
Genre: Business & Economics
ISBN: 9780471647478

A journalist with two-decades of experience covering WorldCom traces its birth, growth, colossal success, and ultimate collapse, examining the key players, finances, corporate culture, and politics within the telecom giant.

Ten Billion

Ten Billion
Author: Stephen Emmott
Publisher: Vintage
Total Pages: 208
Release: 2013-09-10
Genre: Political Science
ISBN: 0345806468

Deforestation. Desertification. Species extinction. Global warming. Growing threats to food and water. The driving issues of our times are the result of one huge problem: Us. As the population continues to grow, our problems will increase. And this means that every way we look at it, a planet of ten billion people is likely to be a nightmare. Stephen Emmott, a scientist whose lab is at the forefront of research into complex natural systems, sounds the alarm. TEN BILLION is a snapshot of our planet, and our species, approaching a crisis, and a stark analysis of where this leaves us. TEN BILLION is not another climate book. TEN BILLION is a book about us.

The Big Picture

The Big Picture
Author: Ben Fritz
Publisher: Houghton Mifflin Harcourt
Total Pages: 309
Release: 2018
Genre: Art
ISBN: 0544789768

A chronicle of the massive transformation in Hollywood since the turn of the century and the huge changes yet to come, drawing on interviews with key players, as well as documents from the 2014 Sony hack