Great advice. Good thing he wasn't born in the 20th Century, the era of leverage. The reality is that appropriate leverage is central to lifting the globe's living standards. The critical operative is appropriate.
Now that we as an economy have obliterated appropriateness, the issue is how to restore integrity and predictability to the system. De-leveraging alone won't do it. It must be coupled with detailed plans for execution and include both sides of the leverage equation: reduction in debt AND increasing the equity.
That is the unique Dauntless Capital Partners solution. The breadth of experience to identify operating issues and implement solutions coupled with collaborative actions to reduce debt, inject capital and thereby stabilize the borrower.
The complexities of modern lending, the unintended consequences of globalization, earnings and budgetary pressures have all linked to create the lender's perfect storm. Dauntless Capital Partners fully appreciates these challenges and the evolving lending environment.
Our focus is to bring to the case:
a) The experience and capital to convert the unacceptable prospect to a valued customer relationship; or,
b) Collaboratively develop the management and capital solution to mitigate extreme instability or potential loss.
With all due respect to Dr. Franklin, we view the lenders as a primary stakeholder, essential to the success of the modern business enterprise. It is a core objective of Dauntless Capital Partners to insure that any go forward plan meets the lender's objective to employ capital prudently.