Workouts and Turnarounds II: Global Restructuring Strategies for the Next Century: Insights from the Leading Authorities in the Field [Hardcover]

Dominic DiNapoli (Editor)

Book Description

ISBN-10: 0471246360 | ISBN-13: 978-0471246367 | Publication Date: September 30, 1999 | Edition: 1

The most trusted names in workouts and turnarounds share their valuable strategies Compiling insights and methods from industry experts, this authoritative and practical guide cuts through the maze of corporate restructuring jargon to give corporate leaders and professionals the proven techniques and clear advice needed to understand today's corporate turnarounds and workouts. Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives detailed coverage of the key issues involved in this process-from both the creditor and company positions. You'll learn how to identify a troubled company and determine the chances of turnaround, and what management should focus on before it's too late. One of the leading authorities in financial and operational restructuring services, Dominic DiNapoli has assembled experts from around the country who have provided their insights and years of experience in the various topics covered in this book. From business regeneration tactics, to managing corporate communications, to the roles of lawyers and lender services, you'll find a wealth of information in this comprehensive reference. In addition, this guide contains case studies of turnarounds in progress, illustrating many of the techniques and strategies currently available. Whether you are a CEO, an attorney, or a lender restructuring or investing in distressed companies, Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives you the crucial information you need to make the right decisions today.

Editorial Reviews

From the Inside Flap

Although most businesses in the United States have remained relatively stable in the current economic environment, there are always instances when highly leveraged companies experience financial trouble and even bankruptcy. When faced with such situations, Workouts & Turnarounds II provides company managers, workout professionals, and other stakeholders with guidance and insights into all facets of corporate restructuring. Workouts & Turnarounds II gives practical advice and proven methodologies on the key issues involved in workouts and turnarounds from the leading authorities in the field of corporate restructuring and bankruptcy consulting. Providing proven methods for deciding the likelihood of a turnaround in a distressed company, this comprehensive reference identifies key factors your company needs to consider in order to make the decision to restructure, divest, or liquidate. In addition, you'll find valuable insights on:
* Legal and practical considerations of international restructuring
* Methods for analyzing company trends to determine the likelihood of a pending bankruptcy
* Industry perspectives and issues related to both in-court and out-of-court restructuring
* Helpful techniques for managing distressed situations from the perspective of the company and its creditor constituencies
* Evaluating underlying trends in the high-yield and equity markets
By analyzing case studies of turnarounds and bankruptcies, Workouts & Turnarounds II arms you with an overview of corporate restructuring from the strategic perspective of the debtor and secured or unsecured creditors. It provides insights as to how to prepare for bankruptcy, ways to manage your professionals, and what to expect from them throughout the restructuring process. Corporate leaders and middle-level managers need to understand the potential implications of having an underperforming division or a few downtrending quarters. Workouts & Turnarounds II provides corporate leaders with effective techniques and troubleshooting strategies to maximize shareholder value. This book is a must-have guide for companies considering a debt restructuring or seeking to perform a self-diagnosis to address the early warnings of underperformance which could lead to a potential failure.

From the Back Cover

The most trusted names in workouts and turnarounds share their valuable strategies Compiling insights and methods from industry experts, this authoritative and practical guide cuts through the maze of corporate restructuring jargon to give corporate leaders and professionals the proven techniques and clear advice needed to understand today's corporate turnarounds and workouts. Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives detailed coverage of the key issues involved in this process-from both the creditor and company positions. You'll learn how to identify a troubled company and determine the chances of turnaround, and what management should focus on before it's too late. One of the leading authorities in financial and operational restructuring services, Dominic DiNapoli has assembled experts from around the country who have provided their insights and years of experience in the various topics covered in this book. From business regeneration tactics, to managing corporate communications, to the roles of lawyers and lender services, you'll find a wealth of information in this comprehensive reference. In addition, this guide contains case studies of turnarounds in progress, illustrating many of the techniques and strategies currently available. Whether you are a CEO, an attorney, or a lender restructuring or investing in distressed companies, Workouts & Turnarounds II: Global Restructuring Strategies for the Next Century gives you the crucial information you need to make the right decisions today.

See all Editorial Reviews

Product Details

• Hardcover: 480 pages
• Publisher: Wiley; 1 edition (September 30, 1999)
• Language: English
• ISBN-10: 0471246360
• ISBN-13: 978-0471246367
• Product Dimensions: 9.5 x 6.4 x 1.2 inches
• Shipping Weight: 2.2 pounds (View shipping rates and policies)
• Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #1,550,978 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

12 of 13 people found the following review helpful:

1.0 out of 5 stars Not to the point, August 22, 2002

By 

Martin L (NY USA) - See all my reviews

This review is from: Workouts and Turnarounds II: Global Restructuring Strategies for the Next Century: Insights from the Leading Authorities in the Field (Hardcover)

This book will explain how the rules were created and turned to what they are today. Who cares how they came to be, the only important thing is what you can and cannot do under the circumstances. It will explain what to consider, in general terms, when valuing distressed companies. But what discount rate should you use? How would you value different assets? It doesn't explain. There are no numbers in this book. It's not practical. It's like buying a cooking book and when you want to know how to make a cake the book reads: "use eggs, milk, flower and mix". Ok, thanks.

25 of 32 people found the following review helpful:

5.0 out of 5 stars What to Do...What Not to Do, May 9, 2000

By 

Robert Morris (Dallas, Texas) - See all my reviews
(TOP 50 REVIEWER)    (HALL OF FAME REVIEWER)    (VINE VOICE)    (REAL NAME)   

This review is from: Workouts and Turnarounds II: Global Restructuring Strategies for the Next Century: Insights from the Leading Authorities in the Field (Hardcover)

Every executive should make active use of a basic reference library of about 12-15 business books; Workouts & Turnarounds II should be one them. Edited by Dominic DiNapoli, it consists of 21 different chapters, written (or co-authored) by experts on various subjects. These chapter titles suggest some of the issues which are addressed:

* Trouble-Spotting: Assessing the Likelihood of a Turnaround

* Looming Financial or Business Failure: Fix or File -- A Legal Perspective

* Preparing for Bankruptcy: Building the War Chest

* The Lawyer's Role in Representing the Distressed Company

* The Accountant's Role in the Workout Environment

* Dealing with Employee Issues in a Bankruptcy Situation

* Mergers and Acquisition Strategies for the Distressed Company

At one time or another, all organizations experience serious problems. Many of them eventually recover. The wealth of information and advice provided in this single volume explains HOW. Other organizations, unable to solve their problems, are either liquidated or acquired. This book explains WHY. I know of no other single volume which offers more and better information about workouts and turnarounds, corporate restructuring, and bankruptcy proceedings. This book can be of substantial value to those involved with a distressed organization. It was written primarily for them. However, I think this book can also be of substantial value to those whose organization is (at the moment) thriving and who are determined to sustain that success. Knowing what NOT to do is often as important as knowing what to do.