Lehman Brothers – 2008 ‐ $691 billion in assets
Washington Mutual – 2008 ‐ $327 billion in assets
World Com, Inc. – 2002 ‐ $102.9 billion in assets
General Motors – 2009 ‐ $91 billion in assets
CIT Group – 2009 ‐ $80 billion in assets
Enron – 2001 ‐ $65 billion in assets
Chrysler – 2009 ‐ $39 billion in assets
Write a two to threepage paper on the bankruptcy you selected and answer the following questions
Use the MLA method to cite your sources for your paper.
1. There are always multiple reasons a company has to file for bankruptcy. What were the top two reasons the company you selected had to file bankruptcy?
2. What actions did Senior Management take to avoid bankruptcy?
3. What were the major management actions you think their Senior Management should have taken to avoid bankruptcy?
4. What are the three most important metrics you think Senior Management needs to focus on to avoid bankruptcies?