FINANCIAL STYLE AND CORPORATE CONTROL |
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| Authors: | Michael J. Murray Frank C. Reid |
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| Affiliation: | Executive Vice President and head of Corporate Finance at the Continental Bank. He has been involved in the execution of LBOs, and in corporate restructuring transactions generally, since their beginnings in the early 1970s. Mike supervises a range of activities that includes M &A, ESOPs, asset-based lending, and receivables purchase, as well as corporate restructurings.;Vice President of Continental Bank, has worked at the Bank for 12 years, most of which time has been spent in corporate finance and capital markets activities. He is now involved in restructuring research and advisory work, as well as new product development. |
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| Abstract: | who will control the process of realizing values inherent in a particular business? If the answer is to be “Management,” then a more assertive financial style and an accelerated financial restructuring timetable may be required to accompany any necessary business restructuring activities. In the new financial environment, failure to take the initiative to implement prudent, well-reasoned financial restructuring may allow outside interests to re-define the game. Management would thus lose control of the value creation process. |
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