Bankers and Students

Recently my friend Adam Fitzner came to town as a guest speaker at Ithaca College. It was an interesting juxtaposition of a Wall Street banker and bucolic Upstate New York:

Wall Street on Main Street

The students really enjoyed his visit. It was nice to see the Wall Street guys humanized and to hear specifically what they are trying to do. Adam's specialty is distressed companies. He's the guy you call when your business is faltering, and you need some banking and contractual help to right the ship. His group tries to save companies, and thus saving jobs. Often they do this using scary sounding techniques like "leveraged loan issuances", "covenant waivers", "dividend recapitalization", and "liquidity enhancing divestitures" - but at the end of the day, they're trying to save the company.

Thanks for coming to Ithaca Adam!