The Daily Stat: Hundreds More U.S. Firms Likely to Default in Next Two Years

Are you having trouble viewing this email? If so, click here to see it in a web browser. HOME   |   BLOGS   |   THE MAGAZINE   |   BOOKS   |   AUTHORS   |   STORE RSS   |   Mobile JANUARY 28, 2010 Hundreds More U.S. Firms Likely to Default in Next Two Years Despite signs that the recession is bottoming out, default rates in the U.S. are likely to worsen as some big companies run out of cash, according to Bain & Company. As many as 287 companies with more than $100 million in assets defaulted on their debt in 2008 and 2009, compared with 116 for the four-year period from 2004 to 2007. As many as 300 more companies are likely to default by the end of 2011. Source: Bain & Company Share Today's Stat: RELATED PRODUCT Trouble I've Seen Harvard Business Review Article David James is a professional crisis manager. For almost 30 years, his job has been to rescue companies on the brink of bankruptcy. By the time he's called in, it's usually too late. In almost every case, however, there is still a lot to salvage. ADVERTISEMENT Follow the Stat: LATEST POSTS The Day Apple Turned the Web into Junior High Apple's Secret? It Tells Us What We Should Love Does the Apple iPad Make Strategic Sense? Proprietary Trading and the Safety Net Don't Mix Get the latest posts every morning! PREVIOUS STATS Companies Get Blamed for People's Financial Situations U.S. Bank Earnings Likely to Continue Struggling Has the Upturn Already Begun? Current Travel Slump Marks a Big Shift Face Time Really Matters Clean Tech Takes Decades to Achieve Widespread Acceptance Business Leaders Are Out for Themselves, Americans Say Gender Diversity Policies Still Rare Lack of a Big Idea Stands in the Way of Innovation Fast-Moving Consumer Goods Industry Draws Indian Business Grads HBR Online Trial Access HBR's in-depth business archives FREE for 14 days. Register today » UNSUBSCRIBE   |   UPDATE YOUR PROFILE   |   MORE EMAIL NEWSLETTERS   |   PRIVACY POLICY Was this email forwarded to you? If so, sign up to start receiving your own copy. ABOUT THIS MAILING LIST You have received this message because you subscribed to the "The Daily Stat" email newsletter from Harvard Business Review. If at any point you wish to remove yourself from this list, change your email address, or sign up for other email newsletters and alerts, please visit the Harvard Business Review Email Newsletter Preference Center. ADVERTISE WITH HBR This enewsletter is read by thousands of decision makers every day. Learn more about connecting your brand with this audience. Copyright © 2010 Harvard Business School Publishing, an affiliate of Harvard Business School. All rights reserved. Harvard Business Publishing | 60 Harvard Way | Boston, MA 02163 Customer Service: 1-800-545-7685 (617-783-7600 outside the U.S. and Canada)