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Ready for the Worst

If your company hits a wall, do you have what it takes to make the best of a bad situation?

February 2, 2009

When Robert McDonald was named CFO of Woolworths last October, he sounded like a man on a mission — and with good reason. The troubled UK retailer lost nearly Ł100m (€111m) in the six months to August 2008, and McDonald joined an army of new executives — including a new CEO — to turn it around. "There is space on the High Street for a successful home-based variety store," he told investors reassuringly. Read more...

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