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Corporate Restructuring: Managing the Change Within
Corporate Restructuring Managing the Change Within Author:Gordon Donaldson, Donaldson, Harvard Business School Press Corporate Restructuring is bound to provoke controversy by challenging much of the financial literature on how firms achieve increased efficiency. Countering the notion that an actual or threatened hostile takeover is needed to induce managers to restructure their firms, Donaldson claims that many companies have successfully restructured volunta... more »rily. First, he explains why the financial structure and strategy that may have been right for the 1960s and early 1970s-the combination of diversification, low debt, and high retained earning-suddenly became wrong for the 1980s, creating opportunities for corporate raiders.« less