Mad @ Mgmt

with Walter Simson


Improvement plans for Zuccotti Park

I know Zuccotti Park, the 1/3-acre headquarters of the Occupy Wall Street demonstrators, well. As a matter of fact, I knew Zuccotti Park when it was still a Chock Full o’ Nuts coffee shop. (Date bread and cream cheese sandwiches – the best!)

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My favorite dings

At coffee this week, I heard of a southern Wisconsin machine shop that is struggling to keep afloat. Apparently all parties – creditors, suppliers, union – are working shoulder to shoulder to keep it going. I’m glad. We need every machine shop we’ve got.

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Taking control amid corruption: A discussion with Harry Spence

A couple of months ago, I got an email from Benton Harbor, Mich. It reported on the local strife following the appointment of a super-powerful municipal administrator under a new Michigan law. “Do you do this?” my correspondent asked. “Any comment?” And I replied that the only person I would trust to comment was someone whom I had admired for many years but had never met. That person is Lewis H. (“Harry”) Spence, a Harvard-trained lawyer who has taken a number of high-profile municipal and government turnaround assignments.

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The Turnaround Assessment Test

In 1968, Edward I. Altman formulated a simple, path-breaking scoring mechanism that could predict, with high confidence, the probability that any one corporation would enter bankruptcy within two years. He called the mechanism the Z score and, by publishing in academic journals, allowed it to enter the public domain.

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Summer shorts

This week I had hoped to be on a beach. Not sure if that’s going to happen, but here are two beach-appropriate short reads. Please consume while wearing flip-flops.

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