He has not tried to bail out the funds with a cash infusion.
After the cash infusion, the company will have more than $500 million in paid equity.
But, it turns out, even that cash infusion fell short.
Government officials called United's problems too deep to be solved by a cash infusion.
That situation apparently didn't get any better, despite the company's $440 million cash infusion in February.
Company executives still expect to need a cash infusion of at least $40 million by early 2002.
In return for a cash infusion, however, management has to give up a large measure of control.
Usually, Smith says, the owner is in trouble and trying to buy time by giving himself a cash infusion.
Ford said the plant would need a big cash infusion for new model changes next year and was not worth the investment.
Every once in a while, one of them would run over for a cash infusion.