#corporate-turnaround

#corporate-turnaround

Chapter 11 protections allow companies to reorganize debts in order to become profitable again. Companies like Hooters, Marvel, Converse, and GM have used the process to come back stronger. Here are 10 household name brands that have bounced back after filing for bankruptcy. Bankruptcy often marks the end of a company - but not always. While corporate bankruptcies have been on the rise in recent years, some brands have used the process to rebuild.

Discipline over flash: Trained for toughly two decades under now-JPMorgan CEO Jamie Dimon, Scharf learned to make hard calls with steadiness, not showmanship. That discipline has driven cost cuts, a flatter structure, and operational fixes that pared headcount by nearly a quarter and reduced Wells Fargo's vast real estate footprint. Calm over charisma: Scharf leads quietly but firmly, those who know him say, lowering the temperature in tense moments while remaining uncompromising on performance.

I won't sugar coat this,

ANZ Group Holdings Ltd. said staff compensation will take a hit if employees aren't in the office at least half of the working week, as chief executive officer Nuno Matos drives an overhaul of the Australian lender. The email on Thursday to managers detailed a tool to track attendance of staff members and outlined pay brackets for people not meeting the 50% threshold, according to an internal memo.