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Title: A Heap of Trouble for HVB
Essay Details
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Business |
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| Date: |
January 18, 1996 |
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| Length: |
3 / 671 |
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Essay text:
Much of that debt still hasn't been paid off.
On top of that, HVB also gave large loans to many now defunct German companies. A string of bankruptcy's filed by large companies with large sums of money owed to HVB left them largely empty-handed and severely crippled... Showed first 250 characters
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Even HVB admitted, "We all miscalculated a bit."
Rampl's Plan
To Rampl's credit, he and the rest of HVB's executives have radical plans in store for the rebuilding of HVB. First of all, Rumple plans to shrink HVB's work-force from 66.000 to 9,100 in just one year... Showed next 250 characters
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