By 1968 the railways had not been restored to profitability and Beeching's approach appeared to many to have failed.
The firm then fails where clever management - and up-front investment - could have restored it to profitability.
Wyatt trimmed the workforce and cut the budget, and within six months he had restored the company to profitability.
His elder brother became a private tutor, leaving Robert to restore the mill to profitability.
He wrung costs out of all of them and restored them to profitability.
That helped restore the company to profitability after years of job cuts and other austerity measures.
The company estimates that the plan will increase sales over five years by 33 percent and restore it to profitability.
Altogether, the rescue plan is meant to reduce the company's interest-bearing debts by 40 percent, to $7.5 billion, and to restore the company to profitability.
Prices bounced back in the third quarter of 1994, helping to restore its trading operations to profitability.
But the gamble paid off when he and his partner quickly restored the company to profitability.