CARVING UP THE CARMAKERS?

摘要

IT HAS BECOME AN ALL TOO FA-miliar story:Executives fail to make tough decisions at a struggling corporate icon.Amid mounting financial woes,Wall Street numbers guys swoop in,gain control of die assets on die cheap,and embark on a painful-yet highly profitable-restructuring.That's how financier Wilbur L.Ross Jr.got die chance to reshape bankrupt steel producers,including giant Bethlehem Steel Corp.It's what private investor Edward S.Lampert hopes to achieve by redefining retailing after buying struggling Kmart Corp.and Sears,Roebuck&Co.It's also why Edgar Bronfman Jr.and his private equity buddies are making over Warner Music Group.