This thread is pure fiction & any similarities between actual people or events is purely coincidental: ABL terminates Houlihan Lokey because, being the professionals that they are, truthfully state they can’t achieve ABL objectives of no bail-in or losing most of their shares.
Instead, they hire GSA who bullshits them & tells them what they want to hear. They arrange meetings in France to lobby the French government about their point of view, thinking they’d be as easy to manipulate as the Lebanese media & MPs.
Result: The French go from neutrality / silence to their president publicly declaring to the world that the Lebanese banking sector is a Ponzi Scheme. Congratulations. I think you should distribute performance bonuses to GSA & whoever hired them.
Lesson to ABL: If an expert tells you what can & cannot be achieved, listen to her. Don’t keep interviewing until you find someone who thinks or speaks like you want them to, otherwise your money is wasted. Hint: Mea Culpa. Admitting at least some wrongdoing is the best strategy.
Like poker, if you can’t see the sucker, then it’s you. Thus you need to fire some senior people & have them take the fall. You also need to replace the board. Otherwise you’re it. Hiring some fake accounts on twitter or a couple of well dressed New Yorkers ain’t gonna cut it.
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