Court grants Livent time to reorganize

Article Abstract:

Livent Inc has been given an extenson until the end of Jun 1999 by a US bankruptcy court to file a reorganization plan. The insolvent theater production company also received approval on a management retention plan that involves awarding performance bonuses and severance payment to eight Livent managers. Livent reported $300 million in debt in filing for Chapter 11 bankruptcy in the US and Canada in 1998.

Organizational history, Theatrical Producers & Artists, Performing Arts Companies, Livent Inc.

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Maytag pulls plug on CEO and looks for a new fixer

Article Abstract:

Newton, Iowa-based Maytag Corp. has announced the resignation of chairman and chief executive officer Lloyd Ward. Maytag, which is a leading home appliance manufacturer, has appointed Leonard Hadley as interim president and CEO.

Executive changes & profiles, Household Appliances, Household Appliance Manufacturing, Officials and employees, Appointments, resignations and dismissals, Home appliances industry, Appliance industry, Appliances, Maytag Corp., MYG, Ward, Lloyd

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