Assignment
Select one of these largest bankruptcies in modern United States business history:
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
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?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.