State of Distressed Debt: C Street CEO Henes on Board Dynamics
To illustrate how uniquely challenging the restructuring experience is for the unacquainted, C Street Advisory Group founder and CEO Jon Henes recalled a client CEO’s sentiment after complex, hardball restructuring...
By Mariam Traore · Bloomberg
To illustrate how uniquely challenging the restructuring experience is for the unacquainted, C Street Advisory Group founder and CEO Jon Henes recalled a client CEO’s sentiment after complex, hardball restructuring negotiations: “Every time we walk into a room ... I feel like I’m in one big game of poker. Except you know what your cards are and you know what my cards are and you know what everybody in the room’s cards are and so do they. The only person who doesn’t know what anybody’s cards are