Deloitte: Turnarounds and Democracy Don't Mix
April 29 (Bloomberg Law) -- William Snyder, co-head of the corporate restructuring group at Deloitte, talks with Bloomberg Law's Lee Pacchia about a new survey his group conducted on executive management during corporate turnarounds or bankruptcies. Deloitte asked 1200 professionals from a wide range of industries on the dynamics of addressing change in turnaround management. The vast majority of respondents stressed the importance of communicating with vendors, lenders and employees when a company experiences difficulties. Snyder agrees with the results, reasoning that communication in a crisis is a fundamental part of working to a solution. "It's the red thread that goes throughout the entire restructuring," he says.
Most Recent Videos
Economist O'Sullivan Asks Why Fed Wouldn't Go in March
36:36 - Jim O'Sullivan, chief U.S. economist at High Frequency Economics, and Paul Richards, president at Medley Global Advisors, examine the influence of U.S. economic data on the Federal Reserve's rate path and the timing of the Fed's next rate hike. They speak on "Bloomberg Daybreak: Americas." (Source: Bloomberg)