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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KordaMentha's Origin
- Mark Mentha and Mark Korda co-founded KordaMentha in 2002 after Arthur Andersen collapsed.
- Their first major client was Ansett Airlines, which went into administration after the 9/11 attacks.
KordaMentha's Role
- KordaMentha's core strength lies in bringing diverse expertise to solve complex problems.
- They act as situational experts, adaptable to any industry or challenge.
Memorable Restructurings
- Mark Mentha shared pride in diverse projects like Ansett and Tassal Salmon.
- He highlighted Tassal's unique challenges with warming waters and the innovative acquisition of a competitor during receivership.