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Corporate Reorganizations
and Turnarounds
In everyday parlance, corporate restructures, reorganizations, and turnarounds (CRRTs) are terms
used interchangeably and refer to events and processes by which a company is transformed to address
the nancial difculties it is experiencing under the current structure, operations, and management
team. CRRTs involve changing its ownership, operational, or legal structures to better organize
operations, improve product quality and customer service, and enhance their nancial performance.
There are internal and external CRRTs, those focused on xing short-term problems versus those
addressing prob