May 2016
More from this Issue
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The More Things Change, the More They Change
Jean-Baptiste Alphonse Karr, a French critic, journalist, and novelist, wrote “plus ça change, plus c’est la même chose,” which has been roughly translated to “the more things change, the more they stay the same” (Les Guêpes, January 1849). When I was growing up, my elders used that phrase to illustrate that although much appears to […] -
Newcomers: May 2016
Arizona Jason Hawley, Dinan & Company Atlanta Gregory M. Baker, Aurora Management Partners Inc. Eric Houle, FTI Consulting Michael A. Shenk, Alvarez & Marsal Blake Voyles, Renasant Business Credit California – Southern Edward Choi, Amherst Real Estate Capital Robert S. Marticello II, Smiley Wang-Ekvall Lee M. Mendelson, Mendelson Law Group Derrick Talerico, Bosley Till Neue […] -
Milestones
Sean Dooley and Christian Klawunder have been promoted to vice president and associate, respectively, in Matrix Capital Markets Group Inc.’s Downstream Energy & Retail Group. In addition, Carlton Zesch, an analyst, and John Ellison, an associate, have joined the downstream Energy & Retail Group from other positions within the firm. Dooley joined Matrix in 2010 […] -
Jerry Pence: New Horizons
Jerry Pence recently founded Adlocis Partners, a private equity firm focused on special situations, after leaving the Pivotal Group, where he had been a managing director responsible for all key aspects of the investment transaction process. Before joining Pivotal Group in 2009, Pence was a partner at Najafi Companies in Phoenix, which he joined after […] -
Helping Police Lock Up Improved Community Relationships
Although most police officers are honest, hardworking, and dedicated to serving their communities, highly publicized incidents of police misconduct ranging from the use of excessive physical force to the shooting of unarmed civilians spotlight deteriorating police/community relationships in small and large communities across the United States. In the absence of mandatory national reporting of such […] -
Focus on Property Values, Retiree Costs Were Key in Michigan City’s Turnaround
I was the state-appointed emergency manager for the City of Lincoln Park, Michigan, from July 2014 to December 2015. Lincoln Park is a built-out inner ring suburb of Detroit with a population of 38,000. It is primarily a low to moderate income residential community with little industry and a modest amount of retail. The city fell […] -
Independent Directors Can Be Potent Vaccine Against Creditors Losing Confidence
When a company is experiencing financial distress, addressing problems as soon as possible is critical to achieving the best outcome. As the situation deteriorates over time, the odds of saving the business and maximizing value are minimized. Typically, once a company’s board recognizes the gravity of the situation, it hires restructuring counsel and advisors, and […] -
Consensual Restructuring Is on the Rise in the UK, Europe
It is almost a cliché in business circles that the numbers of formal insolvencies start to increase when an economy is coming out of recession. However, since the 2008 financial crash, the numbers of formal insolvencies have been declining. Initially, perhaps, this was because many companies were struggling on as effectively zombie companies, able to […] -
Tools for the Global Turnaround Professional
In my role as a guest editor of the JCR over the past couple of years, I have asked authors to focus on topics related to the energy business from the perspectives of both the investor and the turnaround professional. This year we have shifted to a survey format covering a broad range of topics […]