Larry Perkins, Chief Executive Officer of SierraConstellation Partners, has more than 18 years of management consulting and advisory experience with companies undergoing transition.
But some firms will be able to restructure rather than go broke
SoftBank Group Corp. is taking control of beleaguered WeWork, part of a rescue financing plan that will see former Chief Executive Officer Adam Neumann sever most of his remaining ties with the office-sharing company he co-founded, according to people familiar with the matter.
Larry Perkins of SierraConstellation Partners talks about the bankruptcy of Sports Authority, and how rivals took down this once industry leader. Bobbi Rebell reports.
"That would be the question going forward: Is this good money after bad money, or a preservation of their investment?"