"We're starting to get some traction . . . let's get out of the weeds . . . it's a bit too granular . . . we need greater visibility" Which superstar is responsible for these beauties??
(with apologies to Jeopardy) Answer: Great wizard of cash flow lending which (almost) sank Heller in late 80's said : "We created a very competitive product. Of course we look at it[$1 billion write off]as training costs."
True statement heard in a credit committee presentation of an existing troubled real estate deal : Question: Why is there no appraisal done in the last 2 years? Answer: We are waiting for a market-neutralized environment, so we can get a more updated value. HUNH?
"Can you stop all work on the SBL LUCAS system?" - "Umm... We go live this weekend..." - "Yeah, uh, just stop." 24 hours later, Heller announces that SBL is being shut down.
44 Comments:
Charting New Boundaries
re-honk the deal
WE CAN BOX THAT RISK
Work smarter, not harder.
That's gonna be a tough putt
"We're starting to get some traction . . . let's get out of the weeds . . . it's a bit too granular . . . we need greater visibility" Which superstar is responsible for these beauties??
We need to talk about the real risks of doing this deal, so make sure that the marketing guy does not attend
We've got a new credit exposure strategy - you cannot write off $100MM if you don't hold $100MM.
Boo Hoo on your 360 review
Who killed Broker man?
(with apologies to Jeopardy)
Answer: Great wizard of cash flow lending which (almost) sank Heller in late 80's said : "We created a very competitive product. Of course we look at it[$1 billion write off]as training costs."
Question: What's a euphemism?
If everyone is mad at the lender when the deal closes, then we did a good job.
It's a Sizzling Salad Day
Project BEST is not about headcount reduction. It is about making us a better company.
Who used to say "If your not early your late"?
Remember "the beat"?
Did you re-boot your computer before you called?
Our goal: To be best in class
You must convince your client of two things:
(1) THERE IS A GOD AND
(2) GOD RESIDES AT 105 WEST ADAMS (Heller's ORIGINAL location)
Penny a share!
We have to head to higher ground and keep our powder dry.
LFG - the engine that drives the train
As Lou Rubin once said.............
Bullets & Boxes
Project Bust
What's the Beta?
Spend to Win!
"Finding a Way to Say Yes"
Quantify the airball before pricing the deal
Cash flow comes and goes, but collateral is here to stay.
I never liquidated net worth and got anything for it.
Greetings...
Spend to win
Spend wisely! Make copies on both sides of the paper. . .
Heller was Heller- no comparison
Heller's X'smas Party at Palmer House- a big fun event. Those were the days.
GE has nade an offer we could not refuse
"He has lot of experience in ABL---and once in a while what he says is even accurate".
True statement heard in a credit committee presentation of an existing troubled real estate deal :
Question:
Why is there no appraisal done in the last 2 years?
Answer:
We are waiting for a market-neutralized environment, so we can get a more updated value.
HUNH?
"We are going to fix it so it stays fixed"
"Penny a share." We use to say that to Dick when he'd pass by.
"Good and Getting Better!"
"Can you stop all work on the SBL LUCAS system?" - "Umm... We go live this weekend..." - "Yeah, uh, just stop." 24 hours later, Heller announces that SBL is being shut down.
make me secure and I'll do anything!
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