FEAR & GREED | Business News
Sunday feature: When companies collapse, this man gets the call
Feb 22, 2025
Mark Mentha, co-founder of KordaMentha and a veteran in business recovery, shares insights into his career helping companies in crisis. He discusses notable restructurings, including the infamous Enron collapse and the challenges of COVID-19. Mark emphasizes the importance of adaptive strategies and community-focused recovery. He also reveals his '10 commandments' for launching a successful business and explores effective leadership styles in the face of modern challenges, highlighting the need for resilience and strong company culture.
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Quick takeaways
- Mark Mentha emphasizes the significance of proactive planning and adaptability for businesses to ensure long-term resilience beyond initial survival.
- KordaMentha's evolution from restructuring to a diverse service provider showcases the necessity of a holistic approach in addressing complex business challenges.
Deep dives
Navigating Business Challenges Post-2020
The health and economic crises of 2020 have presented significant challenges for businesses, which are facing varying degrees of distress. Some companies are thriving while others struggle to survive, influenced by factors such as government support and market conditions. Experts emphasize the importance of early intervention and adaptation to changing business environments. This highlights the necessity for companies to remain agile and prepared for potential downturns, drawing lessons from historical economic disruptions.
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