Contact: John Hartgen
703-894-5935
jhartgen@abiworld.org
COLUMBIA BUSINESS SCHOOL WINS SEVENTH ANNUAL
CORPORATE RESTRUCTURING COMPETITION
November 9, 2010, Alexandria, Va. — A team from
the Columbia Business School won the Bettina M. Whyte Trophy at the
Seventh Annual ABI Corporate Restructuring Competition, held Nov. 4-5,
2010, at the University of Pennsylvania Wharton School of Business in
Philadelphia. The second-year MBA student winners also shared a $6,000
cash prize. Students from the Harvard Business School won the
second-place award of $3,500, with the University of Virginia Darden
School of Business receiving the $2,500 prize for third place.
The competition, which is co-sponsored by ABI and AIRA, provides 12
of the nation’s top MBA programs with a unique opportunity to
learn by solving a real-world restructuring case problem. The students
had a week to “solve” the problem and prepare comprehensive
presentations showing their operational and financial plans before
panels of judges representing mock first and second lienholders and
bondholders, with a final round before a mock board of directors.
Past winners of the Corporate Restructuring Competition include the
Wharton School of Business, Northwestern University Kellogg Graduate
School of Management (January 2007 and November 2008), New York
University Leonard N. Stern School of Business and the Stanford Graduate
Business School. Other schools in this year’s competition in
addition to the finalists and past years’ winners included the
Dartmouth College Tuck School of Business, Duke University Fuqua School
of Business, Illinois College of Business, University of
California-Berkeley Haas School of Management and the University of
Chicago Booth School of Business. Prizes are funded by the ABI
Endowment.
This year’s case was prepared by a team of restructuring
experts led by Tom Morrow of AlixPartners (Southfield,
Mich.). More than two dozen professionals served as competition
judges.
In addition to the case presentations, the competition featured a
sponsored networking dinner keynoted by Prof. David A.
Skeel, a former ABI Resident Scholar and the S. Samuel Arsht
Professor of Corporate Law at The University of Pennsylvania School of
Law. The dinner was attended by area restructuring professionals and
several bankruptcy judges. An awards reception also followed the final
round of the competition.
ABI would also like to thank the major sponsors of this year’s
competition, including AlixPartners LLP, CRG Partners Group LLC, Lazard,
Rothschild and Miller Buckfire & Co. LLC. The sponsors of the
reception were Saul Ewing LLP and SSG Capital Advisors, LLC.
To find out more about the Corporate Restructuring Competition and to
view event photos, please visit
href='http://www.abiworld.org/crc10'>www.abiworld.org/crc10.
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ABI is the largest multi-disciplinary, nonpartisan organization
dedicated to research and education on matters related to insolvency.
ABI was founded in 1982 to provide Congress and the public with unbiased
analysis of bankruptcy issues. The ABI membership includes more than
12,600 attorneys, accountants, bankers, judges, professors, lenders,
turnaround specialists and other bankruptcy professionals, providing a
forum for the exchange of ideas and information. For additional
information on ABI, visit
href='http://www.abiworld.org/'>www.abiworld.org. For additional
conference information, visit
href='http://www.abiworld.org/conferences.html'>http://www.abiworld.org/conferences.html.