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He must find a way to shrink the finance unit's balance sheet (freeing up cash for the parent to use for product development and for possible factory closings and job cuts) while keeping the profit engine from conking out.
FORBES: Creative Finance
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PwC came to this conclusion after consulting with three of the other big accounting firms and each firm indicated that the unit didn't qualify for off-balance sheet treatment, the suit says.
FORBES: Magazine Article
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Spitzer's case is focusing on a few arcane areas of accounting--including an allegedly bogus deal by AIG with General Re, a unit of Berkshire Hathaway, to bulk up AIG's balance sheet.
FORBES: The Battle of the Titans over AIG
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During the balance of her tenure there as the first female president of a major operating unit in General Dynamics history, she quadrupled the size of GD Armaments while sustaining steady profitability.
FORBES: Linda Hudson, First Female CEO In Defense, Reflects On What It Takes
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He's got a tough balancing act: He's got to shrink GMAC's balance sheet (to free up cash for the parent), while maintaining the unit's strong profits.
FORBES: GM's Profit Engine Faces Bumpy Road
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The Euro trade balance data this morning was a bit of a surprise and has had minimal direct impact on the single unit.
FORBES: Is The Euro Tired Of Its Lofty Heights?