Episode 107 – Detroit Bankruptcy Background

Episode 107 – Detroit Bankruptcy Background

By on Jan 16, 2017 in Connect, Consensus, Detroit, Disruption, Learning Laboratory, Podcast, Reinvention, Vision | 2 comments

This week’s guest is Julie Owens, case manager for the Honorable Gerald Rosen. Through her position with Judge Rosen, Julie had a front seat in witnessing the bankruptcy proceedings. Join us as we hear Julie share some stories and her thoughts on this historic event.

 

QUOTE IT

“Failure was not an option.” (6:26)

 

“In finding a new solution . . . put in a new process.” (9:34)

 

“Don’t go for the obvious. Don’t be afraid to do something that’s not obvious.” (12:52)

DIG IN

  • (3:55) The role of a visionary leader to reach an unprecedented resolve.
  • (5:49) Lessons learned from the largest municipal bankruptcy.
  • (10:14) Grand bargaining defined.

TIP OF THE WEEK:

When major disruption happens, take the time to take a hard look at your assets. Connect to your customers and stakeholders to be sure you’re listing the right assets and that they are properly valued.