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Predicting and pre-empting the corporate heart attack.(SELECTED TOPIC)
Business Credit
|
June 01, 2006 |
FitzGerald, Tom |
COPYRIGHT 2006 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Long before a crisis hits; long before it shows in the financials; or even in the parametrics; the signs are there for those who know.
Harry was a gray man. His hair was gray. His eyes were gray. That day his face was gray. Harry has had a heart attack. That morning, shortly after a meeting with his lawyers he had a heart attack. Now he lay on his hospital bed in a dark depression of soul and wondered dully if he would live or die. He really did not know if he wanted to live or die.
The meeting with his lawyers was about Chapter 11 protection for Graye-Co. He was CEO of a $100 million enterprise with 1100 people depending on him. He wondered if his ...
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