Goldman Sachs has hired James H. M. Sprayregen, from Kirkland and Ellis to run its restructuring practice. What does this mean to the rest of world?
Not alot unless you’re a bankruptcy and you want to use his new salary to make you feel inferior… or it means a ton if you are financial market analyst.
The hiring should be a sign of the times that the corporate bankruptcies are going to start flying. With market roller coaster rides like we’ve had recently, the hiring is a further indicator of a tentaive market at best.
Getting Help to See the Sunshine Through the Rain – New York Times
