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5 unusual facts about Alvarez and Marsal


Alvarez and Marsal

Brian Marsal was reportedly one of the first people contacted by Harvey R. Miller on hearing that Lehman Brothers was likely to need to file for Chapter 11 protection, receiving a call at 10:30 at night on September 14 while he was watching a football game.

When HealthSouth found itself subject to far reaching fraud investigations in 2002 which resulted in its top management being imprisoned, the company found itself with an overstated income of $1.3 billion between 1996 and 2002 while it had suffered an actual loss of $1.8 billion.

Alvarez & Marsal (A&M) is a global professional services firm notable for its work in turnaround management and performance improvement of a number of large, high profile businesses both in the USA and internationally such as Lehman Brothers, HealthSouth, Tribune Company, Warnaco, Interstate bakeries, and Arthur Andersen.

Joseph Berardino

Berardino is currently a Managing Director (since 2008) in charge of the Eastern region in the Business Consulting practice at Alvarez and Marsal.

Joseph (Joe) F. Berardino (born 1950) is an American businessman, Certified Public Accountant, and managing director at Alvarez and Marsal.



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