Word: workout
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Dates: during 1990-1999
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With training schemes and service game in mind, Krass wanted to integrate his full time workout routines into Harvard's program once he became the coach...
...turnaround specialist who runs the bankrupt U.S. operations of Australia-based Hooker Corp., which owns the B. Altman and Bonwit Teller department-store chains. Such troubled but solvent corporations as Wang Laboratories, the Lowell, Mass., computer maker that laid off more than 1,500 workers last year, have hired "workout" advisers to help pare down their debt. By pursuing a workout instead of bankruptcy, management can maintain control of the company and generally reorganize faster. "There's more room to maneuver outside of court," says Richard Feintuch, a partner in Wachtell, Lipton, a leading Wall Street law firm...
...week. To gain the confidence of prospective clients, even the best-known advisers must often work for months without being formally hired. The day after Drexel declared bankruptcy in February, some of its major creditors sought help from Wilbur Ross, a senior managing director at Rothschild Inc., a top workout firm. Ross agreed to represent half a dozen large bondholders, who held a total of $100 million in Drexel notes, without a retainer in order to win their business. Says he: "We can't run ads, so we market by being there and offering help when they need...
...coach at SLU, Paul Daly, used a similar program where the skiers do not have to ask the coach what the afternoon's workout was, since they had designed the workout. Sapp's ultimate goal in using this type of program is to teach the skiers not only so that they can coach themselves, but so that they will be able to go on and coach other skiers...