Ethics and Restructuring: Promising match or marriage of convenience?

A few weeks ago I found myself at the AESE headquarters in Lisbon to participate in a continuous education session on ethical aspects of the recession. I was invited to speak specifically on “Ethics and Restructurings.” What sprang to mind were the countless processes of divestment, mergers and acquisitions that I have had to orchestrate…

Financial Crisis: Can “It” Happen Again?

“Can ‘It’ Happen Again?” Such was the title of a well-known paper written by economist Hyman Minsky in 1982. “It” referred to financial crises. His answer at the time was in the affirmative. And so it remains today. The crisis that started in August 2007 has affected economies in different ways and in different degrees.…

In Defense of the Business Plan

The business plan is under attack and deservedly so. Why spend so much time writing a fictional plan when you are pretty much certain that the odds of it translating to reality are near to zero? Framed this way it is indeed difficult to see why a rational person would venture out to write a…
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