With mounting losses and seemingly bigger heads rolling every week, shareholders are left to question just how much damage the scandal will do by the time the dust settles.
At Citigroup, CEO Charles O. «Chuck» Prince was ousted in 2007 in the face
of mounting losses tied to subprime mortgages and replaced by Pandit, who himself left three years ago.
In 2008,
amid mounting losses during an economic downturn, Ford announced a proposal on December 2, 2008, to cut Mulally's salary to $ 1 per year if government loans were received and used by Ford.
While the early - stage company still
mounted losses for the quarter, it received more revenue than expected as a result of its collaboration with pharma giant Pfizer.
The pull of the «front - page thought» and the eagerness of climate campaigners to jog the public have sometimes created a tendency to
tie mounting losses from weather - related disasters to human - driven global warming.
But over the past four years, banks have had to buy back tens of billions of defaulted loans as Fannie, Freddie and the FHA
faced mounting losses.
These include his founding role, a few years ago, in the Shifting Baselines Ocean Media Project, which generated videos, short films, hilarious public service announcements, and stand - up comedy contests, all intended to counteract «planetary amnesia» — the mass forgetting of
mounting losses in the natural environment.
The push market of over production, heavy incentives and deep discounting in the late 1990s and early 2000s led to
mounting losses despite high sales.
In a bid to
curb mounting losses, Tata Motors is restructuring production across its six manufacturing facilities in order to improve margins.
It and larger sibling Fannie Mae were put into conservatorship in September 2008 by the federal government amid fears of
mounting losses at the companies.
Facing unanticipated emotional, physical and financial burdens, many families are left wondering how they will manage the medical bills, physical therapy expenses, lost wages and
other mounting losses.
The government on Wednesday pulled up state - run insurance companies
over mounting losses, and asked them to reorganise their loss - making branches and open offices in small towns by the end of this month.
Ulukaya, who built the factory, kept many of his key executives in the dark as they continued to spend freely
amid mounting losses and increasing chaos at the factory, the newspaper said.
Still, Didi's global expansion comes at a difficult time for Uber, which is grappling
with mounting losses and stricter regulatory scrutiny at home and in Europe.
Chinese authorities imposed strict measures in 2016 to close mines and reduce production, in order to curb growing overcapacity and
mounting losses in the coal industry.
Earlier this year, the Conference Board of Canada estimated that without major service reductions, Canada Post will be losing $ 1 billion a year by the end of the decade: growth in parcel deliveries and junk mail will not be enough to stem
the mounting losses on the letter - delivery side.
The U.S. electronics retailer warned this week that it's facing bankruptcy, as cratering sales and
mounting losses have shrunk its cash - on - hand to just $ 30 million.
The day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric car company's
mounting losses are bringing him back to Earth again.
Earlier this week the Remington Outdoor Company, one of the country's biggest and oldest gun manufacturers, said it would seek Chapter 11 bankruptcy protection amid plunging sales and
mounting losses.
Providing a narrative to this image, the news anchor describes the action as a drop, a crash, a plunge, or
mounting losses.
Cliffwater told the Employees» Retirement System of Rhode Island (ERSRI) to pull $ 35 million out of Luxor as the hedge fund continues to
mount losses.
In a letter to the Bronx borough president, a USPS official described the proposed sale of the landmarked building as part a nationwide downsizing meant to stall
the mounting losses that have beset the agency in the digital age, culminating in a record $ 15.9 billion net loss last fiscal year.
I wrote a post back in October about SolarCity's
mounting losses and falling stock price that carried the headline «SolarCity: Mayday!
This is part of an international trend in climate change litigation: more and more lawsuits want to hold governments accountable for
the mounting losses and damage attributable to anthropogenic climate change.
Because of
its mounting losses,
Tata Motors is also working to cut down on
the mounting losses with revising the production plans.
Tata's
mounting losses and the fall in the passenger vehicle market has led to the company making some drastic changes; however, betting big on the success of the Bolt and Zest, Tata is all set to make it big once again.
The mounting losses have spurned the vultures to encircle the embattled brand, with Pearson and Microsoft buying equity stakes in the Nook Media venture.
U.S. consumers with subpar credit scores are borrowing at a more modest pace in recent months, a sign that lenders are trimming their sails amid
mounting losses.
The fire - sale is all about cutting the parent's massive and
mounting losses:
To cover
the mounting losses, the industry is constantly demanding for higher premiums as the third - party insurance premium is one of the loss making segments.
Even as Nokia's telecom equipment business is looking to shed jobs, the company is looking to make a much - awaited comeback into the world of mobile handsets after having sold off that part of its business to Microsoft back in 2014 after years of lackadaisical sales and
mounting losses.