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In the wake of the economic downturn, new financial challenges, tighter governmental oversight, and increased demand for greater corporate accountability have all refigured the business landscape and set new business and communications standards for boards, CEOs, and corporate legal departments. News of layoffs, litigation, M&A negotiations, or bankruptcy that leak into the media or onto social media message boards can savage stock values within minutes. Now more than ever, businesses must proactively respond.
Michael Robinson, a senior vice president of a leading crisis communications firm, Levick Strategic Communications, provides strategic counsel to global C-Suites, elected officials, and financial market leaders. A former spokesperson for the Securities and Exchange Commission (SEC), Mr. Robinson has been directly involved with the highest-profile business, financial, and policy issues of the last 25 years. He currently focuses his practice on reputation leadership for public and private companies; crisis communications; regulatory/legal investigations and litigation; public affairs and legislative advocacy; corporate governance; and investor relations.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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