The Turnaround Assessment Test

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In 1968, Edward I. Altman formulated a simple, path-breaking scoring mechanism that could predict, with high confidence, the probability that any one corporation would enter bankruptcy within two years. He called the mechanism the Z score and, by publishing in academic journals, allowed it to enter the public domain. It has been, for many years, one of the most-studied […]

Save Fritz Henderson!

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Well, perhaps not literally. An alternate title could be “Save GM from Itself.” But General Motors itself is not news, of course, and that title would miss the lovely phrase “Fritz Henderson.” The guy may be out of a job now, but he can almost certainly find employment if there is ever an opening for […]

Venezuela and AIG

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Today the house has approved the retroactive tax on bonuses paid to highly-compensated individuals in companies that have gotten government stimulus money.   I understand that there are possible issues on constitutionality in such a bill, as it appears to approach “legislative punishment.”  (see http://dealbreaker.com/2009/03/is-the-aig-tax-constitutional.php for a layman’s view of the actual bill and its tests.) My […]