What actions did senior management take to avoid bankruptcy

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Assignment

Third Assignment - Select one of these largest bankruptcies in modern United States business history:

Lehman Brothers - 2008 - $691 billion in assets

Washington Mutual - 2008 - $327 billion in assets

World Com, Inc. - 2002 - $102.9 billion in assets

General Motors - 2009 - $91 billion in assets

CIT Group - 2009 - $80 billion in assets

Enron - 2001 - $65 billion in assets

Chrysler - 2009 - $39 billion in assets

Write a two to three-page paper on the bankruptcy you selected and answer the following questions.

Use the MLA method to cite your sources for your paper.

1. There are always multiple reasons a company has to file for bankruptcy. What were the top two reasons the company you selected had to file bankruptcy?

2. What actions did Senior Management take to avoid bankruptcy?

3. What were the major management actions you think their Senior Management should have taken to avoid bankruptcy?

4. What are the three most important metrics you think Senior Management needs to focus on to avoid bankruptcies?

Reference no: EM132247797

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