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December
2004/
January 2005 |
Stanford Wins the
Kellogg Restructuring Case Competition
Matt Thompson, Alvarez & Marsal, Los Angeles
On November 11, 2004,
a team of three Stanford second-year MBA’s won the
first annual Corporate Restructuring Case Competition. The
event was hosted by the ABI at the Kellogg School of Management
from November 9-11. The event gave business school students
from top programs the opportunity to analyze a current restructuring
situation and to meet restructuring professionals. For the
case, the teams analyzed a distressed restaurant chain and
then presented their plan of reorganization to a mock “bank
group,” “bond group,” and Board of Directors.
Stanford came in first
place and won $5000 and the Bettina M. Whyte Trophy. The
University of Michigan team came in second, NYU Stern came
in third, and Darden came in fourth.
Stanford Team Leader Richard Parisi said, “The event
exceeded our expectations. The whole event went remarkably
smoothly and set a strong foundation for subsequent competitions
in the years to come. Probably the biggest factors leading
to our success were the diversity of our backgrounds and
our work experience in the field.” |
Robert Klein Retires
from PBGC
Bob has relocated to
Northern California and plans to open up a consulting
practice. He will advise companies that may need to terminate
their pension plans or are planning business transactions
where PBGC may seek protection for pension plans.
Bob was the Deputy Director
of PBGC’s Corporate Finance and Negotiations Department
(“CFND”) prior to his retirement from PBGC.
He began his career at PBGC in 1976 as an analyst in the
Office of Policy and Program Development, where he helped
develop PBGC’s investment and accounting policies
and later served as a financial analyst in the operations
area. Recently Bob managed the financial analysts who
directly monitored PBGC’s exposures as part of PBGC’s
Early Warning Program and represented PBGC on Official
Unsecured Creditors’ Committees. Bob led PBGC’s
negotiating teams or provided direct support to PBGC’s
Chief Negotiator and was a leading member of the group
that reviewed all requests for distress termination and
PBGC-initiated termination actions.
Bob is a Chartered Financial
Analyst and a Certified Public Accountant. He received
a BA degree from Brandeis University in 1969 and an MBA
degree from the University of Chicago Graduate School
of Business in 1971.
Bob can be reached at
: 808 Stillson Drive, Petaluma, CA 94954, by calling 707-778-8917,
or by e-mail: pensions@bobklein.biz
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| AIRA News
is published six times a year by the Association of Insolvency
and Restructuring Advisors, 221 Stewart Avenue, Suite 207, Medford,
OR 97501. Copyright 2004 by the Association of Insolvency and
Restructuring Advisors. All rights reserved. No part of this newsletter
may be reproduced in any form, by xerography or otherwise, or
incorporated into any information retrieval systems, without written
permission of the copyright owner. |
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