JÜRGEN DORMANN
Former Chairman and Chief Executive Officer of ABB, a Zurich-based engineering company. ABB was dealing with asbestos lawsuits and an economic downturn, which put the company deeply in debt, when Dormann took it over. But by the 1st quarter of 2004, ABB showed signs of turning itself around. In 2007, he retired from ABB. A company-sponsored foundation was named after him to offer scholarships to electrical engineering students in the world. Dormann had worked with Hoechst, BG Group, IBM, Metall Zug, Sulzer Ltd., and Adecco.
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Short Leg
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Borrowing Base
Money a lender will loan to a company. The borrowing base is usually determined by a method called margining, where the lender determines a discoun ...
Swaziland Lilangeni
Currency abbreviation for the Swaziland Lilangeni, the official currency of Swaziland. The currency is comprised of 100 cents and presented with th ...
Deposit/Withdrawal At Custodian - DWAC
A method of electronically transferring new shares or paper share certificates from the Depository Trust Company (DTC), which acts as a clearinghou ...
Economic Stimulus
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