Distressed Investing + LeadershipJanuary 25, 2011
Wednesday, I am leaving for the Distressed Investing Conference of the Turnaround Management Association and am eager to see whether presenters spend much time discussing leadership considerations.
Many investments in distressed companies fail because the investors (most of them private equity firms) pay too little attention to selecting and managing company leadership, but the last time I attended this conference, 2009, there was only one session (really, it was only one panelist) who highlighted this very important issue.
Mike Heisley discussed the fact that distressed companies require a leader with traits that are very different from those required to lead a “healthy” company. He was exactly right. Click here to view my post from that event.