 |
| Bill Hwang |
Sitrick And Company is providing crisis support to Archegos Capital Management, the $10B family investment firm that imploded in mid-March.
The Financial Times called the Archegos bust the biggest financial meltdown since the collapse of Long-Term Capital Management in 1998.
Credit Suisse announced April 6 that it will take a $4.7B charge, slash its dividend and overhaul its investment ranks due to the Archegos disaster.
Founded in 2013 by Bill Hwang, a protege of hedge fund legend Julian Robinson, Archegos borrowed billions to invest in US and Chinese stocks.
A massive margin call dealt a blow to Archegos and triggered a $20B wave of liquidations at a number of Wall Street banks.
The Securities and Exchange Commission has opened a preliminary probe into Hwang’s trading. That routine investigation may or may not result in any charges of wrongdoing.
S&C’s Mike Sitrick and Seth Lubove, former editor at Bloomberg, Forbes and Wall Street Journal, represent Archegos.
It's almost always possible to recover from past mistakes, but the way the Met handled the John Galliano fiasco is an object lesson in how not to do that.
How to reach audiences who have stopped trusting the biggest names in media.
It's not just the tech sector—when companies in any sector grow rapidly, what happens to their ability to manage, learn from and prevent critical issues from evolving into full-blown crises?
FGS Global’s Paul Holmes, Molly Levinson of TLG Communications. Trident GMG’s Joshua Galper and Brunswick Group’s Ellen Moskowitz all placed in the top level (Tier 1) of individual practitioners in the recently released Chambers rankings for both crisis & PR communications pros and those working in litigation PR & communications.
Gregg Feistman, M.A., Professor of Practice in Public Relations at Temple University and former corporate communications executive, joins Taking the Lead to discuss the frameworks leaders can use to determine when to speak up or stay silent.
