Chief Restructuring Officers have a tough job.
The companies hiring them are
in deep financial trouble and
as turnaround specialist Randy Benson states
“People have to come to grips with the fact
that there isn’t enough to go around, and
they’re going to have to compromise.”
How to reach this compromise?
Surprisingly the time pressures help.
“Nothing focuses the mind like a hanging in the morning”
is Calin Rovinescu’s favorite saying and
nothing gets a decision made like a clock ticking.