Transactions with the General Director of Bill Foote on how to cope with the impact of USG in asbestos liability. USG was the largest building materials company in the United States, with 14,000 employees and gross revenues of $ 3.8 billion. Although USG used asbestos in a small part of their products (and never in its SHEETROCK), as more and more companies that are heavy users of asbestos bankruptcy, USG faced shoulder the burden of the entire construction industry. USG had no solvent, growing company. Bankruptcy was an option, but a successful reorganization was by no means guaranteed. How would USG maintain their high motivation (and nonunionized) workers and to continue to attract top management talent? Would there be any value left for shareholders? In the Johns Manville bankruptcy, the share capital was destroyed completely. "Hide
by Constance E. Bagley, Elliot Sherman Source: Harvard Business School 26 pages. Publication Date: June 14, 2007. Prod. #: 807090-PDF-ENG
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