IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-07740-3_16.html
   My bibliography  Save this book chapter

Management Can Help or Hinder

In: How to Handle Problem Loans

Author

Listed:
  • T. H. Donaldson

Abstract

The best way to avoid bankruptcy, or serious problems short of it is to be constantly aware that any company can go bankrupt. During the 1970s Lord Weinstock, of the General Electric Company Limited, was reportedly asked why GEC had such large cash balances. He replied, ‘because I don’t want to go bankrupt’. When one of the best managed companies in Europe, highly profitable and highly liquid, thinks in this way there is no excuse for any lesser company to do otherwise.

Suggested Citation

  • T. H. Donaldson, 1986. "Management Can Help or Hinder," Palgrave Macmillan Books, in: How to Handle Problem Loans, chapter 16, pages 299-316, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-07740-3_16
    DOI: 10.1007/978-1-349-07740-3_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-07740-3_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.