For the last year, Mountain Hardware (MH), a leading hardware retailer in the Rocky Mountain region, had evaded bankruptcy and liquidation. The week prior, John Preston, the company's CEO, learned that the acquisition offers he had expected to receive from four major companies in the industry would be delayed by several weeks. While disappointed with the wait, Preston had held out hope that his shareholders could recover some portion of their $20 million investment by selling the company. Those hopes were challenged when Preston received a call from Mountain Hardware's loan officer at Bank of the West. It seemed the business' slumping financial performance had left the company in technical default on its loan covenants and the bank wanted Mountain Hardware to pay down a sizable portion of its loan balance-far more than it could afford-to put the company back in compliance. This was the backdrop against which Preston faced a painful layoff of some of his company's highest profile employees going into the holiday season.

【書誌情報】

ページ数：14ページ

サイズ：A4

商品番号：HBSP-E487

発行日：2013/9/15

登録日：2015/3/27