tackling-the-numpties-left-behind-in-distressed-deals

Tackling the numpties left behind in distressed deals

Delegates at the AsianInvestor/FinanceAsia distressed debt summit wonder what should be done with the employees left in the vortex after a control switch.

Picture this You're a special situations rainmaker at a successful albeit loss-making financial institution or fund. 

You walk into a company you've just bought after its inept splashdown. There, in front of you, are the people left behind, and they look at you, their presumed executioner, with imploring, bovine eyes. 

What do you do next in this fantasy  

If you're a rich securities company, you might immediately promise them all a vast cash package, higher than your own staff's remuneration thereby alienating all of your existing employees, and tell them to keep up the good work. And they return to surfing the...

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