I’ve been writing a lot lately about Greece, which is representative of the larger problems Europe is having right now. My interest lies in the fact that an organization (in this case a country or group of countries) is spinning out of control in crisis and has little or no idea how to fix things. [...]
Posts Tagged ‘bankruptcy’
We Shouldn’t Bail Out Europe – We Should Turn It Around
Posted in In the News, tagged bailout, bankruptcy, countries, debt, Europe, governments, Greece, Thessaloniki, Turnaround Management on November 8, 2011 | Leave a Comment »
Dr. Freud Says, “You’re Distracted!”
Posted in The Alligators, tagged bankruptcy, cigar, distraction, psychoanalysis, Sigmund Freud, turnaround on October 31, 2011 | Leave a Comment »
Life is distracting. I know it, and you know it. Hey, it’s life, and we have to relish the distractions. Life isn’t business, after all. Business is a part of life. When the distractions include the marriages of our children, moving to new homes, graduations, holidays and everything else that comes with life, that’s great [...]
Not Keeping It in Your Pants can be Very Expensive
Posted in Business Laughs, tagged bankruptcy, Bill Clinton, CEO, family, Monica Lewinsky, president, United States on August 19, 2011 | 1 Comment »
Here’s something stupid that CEOs, presidents and business owners do: they fail to keep it in their pants. The biggest case in recent memory concerned the dear old president of these United States, William Jefferson Clinton – or Ol’ Willy as the stories will one day be told. His failure to keep it locked down [...]
Avoid America’s Bankruptcy by Bringing a Turnaround Guy to Washington and Treating the Country Like a Business
Posted in In the News, tagged America, balance budget, bankruptcy, board of directors, D.C., economy, education, entitlements, ER doctor, Greece, health care, Iceland, military, national debt, negative cash flow, pensions, politics, private sector, public sector, raise taxes, turnaround, United States, Washington on August 8, 2011 | 2 Comments »
This article was published in its original form in the Atlanta Business Chronicle here. The United States is a capitalistic society, so I often wonder why the government isn’t run like a business. We had a surplus 12 years ago, but now our debt is astronomical: nearly 14 and a half trillion dollars. This isn’t [...]
5 Benefits to Calling an Insolvency Attorney
Posted in An Ally's Advice, tagged bankruptcy, confession, debtor rights, financial expert, insolvency, insolvency attorney, special asset department, St. Peter, turnaround consultant on July 27, 2011 | Leave a Comment »
As managing partner of GGG and the Turnaround Authority, I get the pleasure of providing guest posts by our other partners. The following post is by our newest Partner, Vic Taglia. We wrote a few weeks ago about when to hire a turnaround consultant. The same answer applies here: Sooner, rather than later – and there are good reasons [...]
Liquidity versus Solvency: A Lesson in Lacking Money, a guest post by Vic Taglia
Posted in An Ally's Advice, tagged bankers, bankruptcy, cash problems, illiquidity, insolvency, Lehman Brothers, liquidation, Liquidity, solvency, vendors on June 22, 2011 | 1 Comment »
As managing partner of GGG and the Turnaround Authority, I get the pleasure of providing guest posts by our other partners. The following post is by our newest Partner, Vic Taglia. Lehman: From Illiquidity to Insolvency to Bankruptcy to Liquidation You’re likely familiar with the Lehman failure of 2008. The business model of Lehman and other investment banks [...]
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