State of Distressed: Weber, Aguirre on Attaining Owner DNA
“Troubled businesses don’t turn around on a dime. They took years to get messed up. They got worse through the restructuring when they were capital-starved,” observed Jon F. Weber, founder...
By Mariam Traore · Bloomberg
“Troubled businesses don’t turn around on a dime. They took years to get messed up. They got worse through the restructuring when they were capital-starved,” observed Jon F. Weber, founder of Jon F Weber & Co. “A lender should not have the expectation that, upon pouring in liquidity and improving the capital structure, they’re going to immediately improve. We’re in the reality business... We have to establish what can be realistically achieved with a 70%-80% probability and align awards, bud