The Semi-Sovereign Corporation

The multinational corporation

followed, and English readers will find many parallels. This is history seen from below, and Professor Melosh looks sympathetically on the craft methods, practical experience, and self-control that dominated the lives of nurses in the old apprenticeship system in the diploma schools. It was an occupational culture, a shared work experience that gave value and colour to their lives. The section ...

Sovereign Debt

In this chapter, we use a benchmark limited-commitment model to explore key issues in the economics of sovereign debt. After highlighting conceptual issues that distinguish sovereign debt as well as reviewing a number of empirical facts, we use the model to discuss debt overhang, risk sharing, and capital flows in an environment of limited enforcement. We also discuss recent progress on default...

Sovereign debt restructuring: the Judge,

What role did the US courts play in the Argentine debt swap of 2005? What implications does this have for the future of creditor rights in sovereign bond markets? The judge in the Argentine case has, it appears, deftly exploited creditor heterogeneity – between holdouts seeking capital gains and institutional investors wanting a settlement – to promote a swap with a supermajority of creditors. ...

The Customer: Crowley Maritime Corporation

THE CUSTOMER: CROWLEY MARITIME CORPORATION Our company, Crowley Maritime Corporation (CMC), was ready for a DASD acquisition. CMC’s holding companies comprise t h e world’s largest diversified maritime services organization. DASD acquisition was almost an annual event in that the strategy was to keep three generations of storage on the floor and rotate out the oldest generation with the next DA...

McDonald’s Corporation