[The Inside Track is a new Debtwire podcast series featuring in depth and intimate conversations with today’s restructuring market leaders. It is a platform upon which guests will share the lessons they’ve learned throughout their careers guiding distressed companies and municipalities, as well as their constituencies, through the most challenging, complex, comprehensive and sometimes contentious reorganizations around the world. We will also address issues impacting the current distressed and restructuring landscapes.]
Tim Coleman, the global chairman of PJT Partners’ restructuring and special situations group, learns as much about the companies he represents as quickly as possible. It’s a critical element for any successful investment banker, especially for the SoCal native who cut his professional teeth reorganizing Macy’s and helmed high-profile restructurings for Ford, Delta, Xerox and the Los Angeles Dodgers, just to name a few.
But back in June 2007, as a result of multiple MBS-related engagements, Tim learned something unexpected and that much of the country, and markets globally, would not be aware of for more than a year — turmoil was coming. On this episode of The Inside Track, Tim reflects on his career and the informational burden he carried in the months leading up to the Great Recession. The Wall Street heavyweight also shares numerous lessons he’s learned from his more than 35-year financial advisory career, including the importance of a certain kind of networking.
CLICK HERE for this episode of The Inside Track.
Richard M. Goldman is a former practicing restructuring and litigation attorney. Prior to joining Debtwire, Richard practiced in the New York offices of Weil, Gotshal & Manges LLP, Kirkland & Ellis LLP and Togut, Segal & Segal LLP. He has represented various constituencies, including debtors, official committees, lenders, purchasers and trustees in several high-profile restructurings.