EARNing a way out

Article Abstract:

Burlington Motor Holdings CEO Thomas Grojean relies on exchangeable administrative reorganization notes (EARN) to take his company out of bankruptcy. EARNs are promissory notes which are convertible to common stocks listed in Nasdaq. Conversion of preferred stocks to common stocks enables the firm to rise from bankruptcy as a public company with a strong financial base. Under this scheme, Burlington receives 15 cents on the dollar, while the rest are used for company operations and payment of debts.

Business Failures, Methods, Economic aspects, Promissory notes, Bankruptcy reorganizations, Bankruptcy reorganization, Burlington Motor Holdings Inc.

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When one black belt is enough

Article Abstract:

The savings achieved at American Standard Companies Inc., a manufacturer of bathroom fixtures, airconditioners, and car brakes, by using Six Sigma methods are discussed. The company had an inefficient invoice handling system. Marc Willensky, a certified Six Sigma Black Belt, who joined the treasury team of the company, changed the process.

Executive changes & profiles, Refrigeration and heating equipment, Officials and employees, Heating, ventilation, and air conditioning industry, HVAC industry, Company financing, American Standard Companies Inc., Willensky, Marc

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J.B. Hunt Transport Services Inc

Article Abstract:

The details on J.B. Hunt Transport Services Inc., which adopted loss prevention program to curtail insurance and claims costs of auto liability coverage, are presented.

Regulation and Administration of Transportation Programs, Trucking Programs, Insurance, J.B. Hunt Transport Services Inc., Accident insurance

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