Choosing A Turnaround Leader
Nearly every troubled company needs temporary and unique leadership and persuasion skills to transition through the difficult period.
Assignment for the Benefit of Creditors
ABC transactions are a business liquidation (sale) strategy for insolvent companies. In the appropriate situations, they can be cheaper and quicker than alternatives.
Cognitive Bias, Scott Adams and Troubled Companies
We hear a lot about cognitive bias these days (and confirmation bias – a type of cognitive bias), an extraordinarily important concept in life, business and marketing, most recently made famous by Scott Adams’ book Win Bigly: Persuasion in a World Where Facts Don’t Matter
Supreme Court of Canada Decision Increases Risk of Investment in Canadian Energy, Resources and Brownfields
Environmental orders will, in many circumstances, rank ahead of secured lenders, even DIP lenders.
Key Performance Indicators and Turnarounds
Confirmation bias, twisting (or ignoring) facts to support what you want to believe (or sell), can be the death of companies. Keep your KPIs simple and believe in them. If they are declining, you have trouble.