creditors in comment and analysis
Serialisation: The Great Telecoms Swindle - part 5
Comment Two weeks later, WorldCom CEO John Sidgmore agreed to leave his post with creditors expressing concern the company needed entirely fresh management to navigate a course through the catastrophe. On 22 August 2002 Salomon Brothers, the investment... [24 Jan 2003]
ITV Digital: Who is to blame?
Comment Massed ranks of creditors and angry shareholders will be rounding on the administrators. So ITV Digital has finally curled up its toes. Subscribers have now lost all their paid for channels and many will be wondering whether they'll get back the... [01 May 2002]
Web host gives up the ghost
Comment Cue the creditors banging on the door. The web hosting world has seen a bankruptcy and a desperate cash bid this week. But as Ben King reports, things are going to get worse before it gets better. Remember how the train of thought went? [31 Aug 2001]
Transatlantic Cable: Farewell to Ricochet
Comment And so, it went bust, leaving several large creditors (including, ironically enough, one of its major shareholders WorldCom) with large unpaid bills. According to the industry website webmergers.com, July was a relatively good month for the... [15 Aug 2001]
Ebusiness Despatches: Leading and learning from failure
Comment They have no legal protection like Chapter 11 in the States, where failing businesses can continue trading while endeavouring to pay off creditors. I recently spent an interesting evening as a guest after dinner speaker for CSC Research Services. [25 Jul 2001]
Transatlantic Cable: Sign of the times
Comment Headlines started to talk about layoffs, mergers and Chapter 11s (a US law where a company is protected from its creditors while it tries to reorganise). Like thousands of people, I drive to work every morning over the Bay Bridge that connects... [20 Jun 2001]
B2C lemmings keep plunging into the sea of insolvency
Comment (Apparently, the company does have sufficient funds to pay all its creditors, and will wind down "in a responsible manner". Which is nice. So what next for bagsoftime.com? The official announcement began with the statement that it's going to... [20 Oct 2000]
Symantec refocuses, Clickmango exits and firms seek talent
Comment Rather than follow the boo.com route into insolvency, Clickmango has decided to stop trading and pay off creditors and staff before falling into financial collapse. It's still out there and still making money, but who knows just what Symantec is up... [11 Sep 2000]
Keep updated for stories matching creditors in comment and analysis via RSS
