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Podcast: FICC Focus
Episode: JFWâs Jon Weber on Post-Reorg Boards: State of Distressed Debt
Description: âLMEs buy time for the sponsor, but Iâm increasingly seeing that thatâs all it really does.â Jon Weber, founder of JFW & Co., doesnât mince words regarding the effectiveness of the popular restructuring strategy. Liability management exercises leave executives with a âsword of Damoclesâ over their heads, failing to really fix anything and with an aftermath that remains a management distraction, Weber told Bloomberg Intelligenceâs Phil Brendel, in Octoberâs feature interview for the State of Distressed Debt podcast. Weber shared his perspectives, honed at Icahn Enterprises, Goldman Sachs and Elliott Management, on running effective boards and companies post-r...