Board Oversight

TAC Worldwide Issue Inherited a money losing $800M staffing company with mission to sell the company within 3-4 years U.K. company was technically in default U.S. company had numerous money losing customer accounts and weak product lines Management was long-time entrenched and in disarray Founder/owner wanted to sell company and retire Solution Quickly achieve cash [...]

Issue Banks set to pull loan commitment Dysfunctional management Inventory and cash issues Dramatic net worth decline Businesses Challenged Johnston & Murphy Jarman Journeys Perry Ellis / Grief (Men’s Suits) Mitre (Soccer) Toddler U Laredo (Cowboy Boots) Volunteer Leather Dockers Footwear license Solution Sold Mitre, Grief and Toddler U Repositioned Journeys and Johnston & Murphy [...]