Dr. Edward Altman, the Max L. Heine Professor of Finance at New York University’s Stern School of Business and inventor of the Z” Score, and CreditRiskMonitor CEO Jerry Flum discuss in depth the looming global debt crisis.
Build a process for closely monitoring public companies
Watch for declining stock prices at junk bond traded companies
Mitigate risk, in light of senior debt safeguards
Stay alert for the correction, because it may happen fast and be uglier than you think
Before entering the investment business, Jerry practiced law, helped manage a U.S. congressional campaign and served as a legal and legislative aide to a U.S. Congressman. He has been a guest lecturer at the Massachusetts Institute of Technology/Sloan School of Management Lab for Financial Engineering. He served in the USMCR and holds a BS in Business Administration from Babson College and a JD degree from Georgetown University Law School.
Dr. Altman has an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis. He was named Laureate 1984 by the Hautes Etudes Commerciales Foundation in Paris for his accumulated works on corporate distress prediction models and procedures for firm financial rehabilitation and awarded the Graham & Dodd Scroll for 1985 by the Financial Analysts Federation for his work on Default Rates on High Yield Corporate Debt and was named "Profesor Honorario" by the University of Buenos Aires in 1996 and received an Honorary Doctorate from Lund University (Sweden) in 2011. He has been an advisor to the Centrale dei Bilanci in Italy and to several foreign central banks. Professor Altman is also the Chairman of the Academic Advisory Council of the Turnaround Management Association. He received his MBA and PhD in Finance from the University of California, Los Angeles. He was inducted into the Fixed Income Analysts Society Hall of Fame in 2001, President of the Financial Management Association in 2003 and a FMA Fellow in 2004. In 2005, Professor Altman was named one of the “100 Most Influential People in Finance” by the Treasury & Risk Management magazine.
Professor Altman was one of the founders and an Executive Editor of the international publication, the Journal of Banking and Finance and Advisory Editor of a publisher series, the John Wiley Frontiers in Finance Series. He has published or edited two-dozen books and more than 150 articles in scholarly finance, accounting and economic journals. He was the editor of the Handbook of Corporate Finance and the Handbook of Financial Markets and Institutions and the author of a number of recent books, including Distressed Securities; and his most recent works on Managing Credit Risk and Bankruptcy (2008), Corporate Financial Distress & Bankruptcy (3rd ed., 2006), Recovery Risk (2005), and Credit Risk and High Yield Junk Bonds (2002). His work has appeared in many languages including French, German, Italian, Japanese, Korean, Portuguese and Spanish.
Dr. Altman's primary areas of research include bankruptcy analysis and prediction, credit and lending policies, risk management and regulation in banking, corporate finance and capital markets. He has been a consultant to several government agencies, major financial and accounting institutions and industrial companies and has lectured to executives in North America, South America, Europe, Australia-New Zealand, Asia and Africa. He has testified before the U.S. Congress, the New York State Senate and several other government and regulatory organizations and is a Director and a member of the Advisory Board of a number of corporate, publishing, academic and financial institutions, including the New York State Common Retirement Fund’s Investment Committee. He has been Chairman of the Academic Council of the Turnaround Management Association since 2002.
Dr. Altman is Chairman Emeritus and a member of the Board of Trustees of the InterSchool Orchestras of New York and was a founding member of the Board of Trustees of the Museum of American Finance.
Kelly Barner owns, manages, and edits Buyers Meeting Point. She has a unique perspective on procurement from the numerous roles she has held during her 15 years in procurement. Kelly worked for Ahold USA (parent company of grocery chains Stop & Shop, Hannaford, Giant Landover, and more) on their not ...