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The numerous anecdotes alone are worth the price of the book . . . most readers will find themselves asking why everyone doesn't run a business as preached by the chief executive of Continental Airlines.--The Washington Post Book World . . . in an age where managing seems increasingly complicated, some of Bethune's prescriptions are refreshingly straightforward.--Business Week From Worst to First outlines Gordon Bethune's triumphs . . . about the turnaround he's led at Continental, a perennial basket case that's become an industry darling.--The Atlanta Journal-Constitution From Worst to First is [Gordon Bethune's] story of Continental Airlines' turnaround under his command . . . The blueprint has worked . . . Fortune magazine named Continental the company that has 'raised its overall marks more than any other in the 1990s.'--The Seattle Post-Intelligencer All of Gordon Bethune's proceeds from this book will be donated to the We Care Trust, a nonprofit organization that assists Continental Airlines' employees and their families in times of need.

In 1982 Johns-Manville, a major asbestos manufacturer, declares itself insolvent to avoid paying claims resulting from exposure to its products. A year later, Continental Airlines, one of the top ten carriers in the United States, claims a deficit when the union resists plans to cut labor costs. Later still, oil powerhouse Texaco cries broke rather than pay damages resulting from a courtroom defeat by archrival Pennzoil. Bankruptcy, once a term that sent shudders up a manager's spine, is now becoming a potent weapon in the corporate arsenal. In his timely and challenging study, Kevin Delaney explores this profound change in our legal landscape, where corporations with billions of dollars in assets use bankruptcy to achieve specific political and organizational objectives. As a consequence, bankruptcy court is rapidly becoming an arena in which crucial social issues are resolved: How and when will people dying of asbestos poisoning be compensated? Can companies unilaterally break legally negotiated labor contracts? What are the ethical and legal rules of the corporate takeover game? In probing the Chapter 11 bankruptcies of Johns-Manville, Frank Lorenzo's Continental Airlines, and Texaco, Delaney shows that more and more, an array of powerful actors--corporations, commercial creditors, auditors, bond rating agencies and investment bankers--are coming to view bankruptcy as a legitimate business strategy. In each situation, the choice of bankruptcy by these corporate giants was directly influenced by the surrounding business community. In the case of Johns-Manville, carrying appropriate insurance did not prevent its twenty insurance companies from refusing to pay claims. Thanks to shrewdplanning and cooperation from Continental's creditors, not only was the airline able to continue flying in the first week of Chapter 11, but it could also offer the lowest cross-country fare in the market.

Continental Airlines - Continental Airlines () is an American airline. Based in Houston, Texas, it is the 5th largest airline in the U.

Continental Airways - Continental Airways is an airline based in Moscow, Russia. It was established in 1995 and operates international passenger services.

Silver City (airline) - Silver City was a British airline, launched by Wing Commander "Taffy" Powel in 1948. A keen and impatient traveller, Powel realised that by adapting the design of the Bristol Bombay, he could fly passengers with their cars from Britain to continental Europe.

CommutAir - CommutAir is a regional airline based in Plattsburgh, New York, USA. It operates under the name Continental Connection for Continental Airlines.

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'Continental Tires' - ... FOR BEST PRICE Continental AG - Continental AG, or Conti for short, is a manufacturer of tires, brake systems, vehicle stability control systems, and other automobile parts based in Hanover, Germany. Continental Express - Continental Express is the operating name of the regional airlines providing jet feeder service for Continental Airlines. Currently only ExpressJet Airlines operates under this name, but beginning in 2007, Chautauqua Airlines will also fly for Continental using the Continental Express name. Continental Connection - Continental Connection is a name under which several commuter carriers operate service marketed ...

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Continental Tire - ... game was known as the Continental Tire Bowl. Nexen Tire - Nexen Tire is a tire manufacturer, headquartered in Yangsan, South Gyeongsang Province, and Seoul, both in South Korea. Its major domestic competitors are Hankook Tire, Kumho Tire and Woosung Tire. Continental Airlines destinations - This is a list of airports that Continental Airlines flies to, and does not include cities only served by Continental Express, Continental Connection, and/or Continental Micronesia. De Vaux Continental - The Continental De Vaux was an automobile produced by the Continental Motors Corporation; assembly of the vehicles occurred ...

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