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CAIA New York and GARP present Global Zombies: An Alternative Type of Corporate Resiliency
Date(s):
March 20, 2024
Note: All times listed are in local time
Venue:Club 101
101 Park Avenue
New York, NY 10178
Fee(s):This event has a fee
Description:
Global economic challenges exacerbated by the COVID-19 pandemic
have increased concerns about a new phenomenon in the corporate world: zombie
firms. These “walking-dead” companies, which have become insolvent and would
cease operations under normal circumstances, continue to operate due to
government support or financial institutional aid.
With the support of Broadgate, please join us as we hear from
Professor Edward Altman on the rise of zombie firms, which are only slated to
increase in number around the world due to rising corporate debt and interest
rate hikes. Topics covered will include:
- The importance (or not) of zombie companies and their
resilience
- How best to measure whether a company is a zombie or
not
- What has caused this trend and where are zombie firms
most prominent in the world
- What is the outlook for zombie firms in the U.S. and
beyond
Following the presentation and Q&A, we will conclude with a
networking reception.
Registration is required as seats are limited.
Agenda
5:30 – 6:00 pm: Registration
6:00 – 6: 05 pm: Welcome and introductions
6:05 – 6:35 pm: Presentation
6:35 – 7:00 pm: Discussion and Q&A
7:00 – 8:00 pm: Networking reception
Fees
CAIA Member - Free
Non-Member $40
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Edward Altman
Job Title: Professor Emeritus of Finance
Organization: New York University
Edward I. Altman is the Max L. Heine Professor of Finance, Emeritus at the Stern School of Business, New York University. He is the Director of Research in Credit and Debt Markets at the NYU Salomon Center for the Study of Financial Institutions. Prior to serving in his present position, Professor Altman chaired the Stern School's MBA Program for 12 years. Dr. Altman was named to the Max L. Heine endowed professorship at Stern in 1988 and his Emeritus status in September 2015.
Didier Blanchard
Organization: Société Générale
Didier Blanchard is Head of Enterprise Risk Management – Americas at Société Générale. He joined Société Générale in 2009 as Group Head of Global Risk Measurement in Paris, relocating to New York in 2016 to head Enterprise Risk Management. Prior to joining Société Générale, Blanchard performed the Basel 2 validation for BNP Paribas Group and structured regulatory and accounting solutions for the bank’s fixed income department in London. A graduate of Sciences Po Paris, Blachard started his career in 1995 at Commission Bancaire, the French banking supervisor.
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