Eliminating Self-Defeating Incentives

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By Walter M. Denekas, CTP Associate, Carl Marks Advisory Group LLC The electric motor plant was in chaos! Finished goods output was only 50% of market demand. Production planners were frantically expediting orders, while purchasing department personnel were alternately trying to prove that they had ordered missing materials and were scurrying to replace them. Meanwhile, the…

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Keeping Vendors Informed During a Turnaround Engagement

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What (and When) To Tell Them By Mark Pfefferle, CTP, Partner and Walter Denekas, CTP, Managing Director, Carl Marks Advisory Group, LLC Originally published in the Journal of Corporate Renewal, July 2009\ The relationship between turnaround professionals and a client’s lenders can have a significant impact on the outcome of an engagement. Lenders have a considerable…

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Seven Tactics for Restructuring in a Turbulent Financial Market

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By Walter M. Denekas, CTP, Managing Director Carl Marks Advisory Group Originally published in the Journal of Corporate Renewal, June 2009 Restructuring troubled businesses typically involves some form of financial restructuring: changing the mix of equity and debt, renegotiating loans, or finding one lender to take out another. The meltdown in the US banking system and…

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