Interesting thought-piece by The Economist on how bankruptcy laws may be hurting America. The logic is, industries with excess capacity have bankruptcies. The bankruptcy restores a balance. If courts help bankrupt companies shed debt and re-enter business, excess capacity again results. Leading to bankruptcies again.
Obituary: Industry Standard, Excite@Home, Exodus. Long live the Internet.
Envisionet filed for Chapter 11 (they’re bankrupt), and sent a reassuring e-mail to their employees, telling them it was business as usual.
The reality of international interaction really came through today in the Mergers & MBOs class. Prof. Paulo Volpin commented that ‘So, eefectively, ve see Germany has a pooor accounting seestem." To which, immediately, a German pounced up and said, “I don’t go with this result,” and proceeded on a defence of why the system was right for Germany. A few other Germans joined in. Poor Prof. Volpin had to make a hasty retreat. Later, when making a similar comment about Belgium, he first clarified: “Are there any Belgians in the class?” ...