Professor Elam

Sunday Jan 9 2010

Do you know Lynn Tilton?

After leaving Wall Street, she began buying distressed debt. She realized she would need to run the companies herself to really gain anything. I can testify to that having been a bankruptcy trustee, the debt is distressed because the owners do not know what to do. She now runs multiple firms in a rather distinctive manner.

My point is that Ms. Tilton learned how to analyze companies in college and on Wall Street. The best use of accounting knowledge is not just making journal entries but learning how to analyze firms and picking the best of the bunch. 

You will see Ms. Tilton on the various business news channels commenting on current events.