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Mad @ Mgmt

with Walter Simson

November 2010

Southeast Express

11/16/10

Southeast Express

The cost of a gallon of gas averages $3 nationwide. This is a fact that I thought would have all the concerned commuters brushing off their pitchforks, getting ready for a little torchlight 10K. But no. Here in Wisconsin, we are doing the opposite: fighting a regional innovation that might save energy and jobs as gasoline starts on a new leg upwards.

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Making the Board an Effective Crisis Manager

11/02/10

Making the Board an Effective Crisis Manager

Directors of private equity portfolio companies have a curious double mission — not only to act as fiduciaries for the investors (protecting the value of assets and ensuring financial controls are in place, for example) but also supervising the strategic transformation of the company. A board member at various companies may, for example, oversee the sale of non-core assets for debt reduction or the execution of an add-on acquisition. The board's role in these companies is magnified in many cases by the sense of urgency arising from relatively short holding periods and also by the relative thinness of management resources.

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