During the 2008 recession, very few companies were taking big risks, But that’s when Barry Salzberg, the former Global CEO of Deloitte, chose to move forward with two of the largest investments in company history. The first was Deloitte’s multimillion-dollar learning facility, Deloitte University. The second was the acquisition of BearingPoint. Barry joined Deloitte Advisory’s Mike Kearney to discuss smart risk-taking during a recession.
“There are always going to be investable opportunities during a downturn.”
About Deloitte Advisory
Deloitte Advisory helps organizations turn critical and complex business issues into opportunities for growth, resilience and long-term advantage. Our market-leading teams help our clients manage strategic, financial, operational, technological and regulatory risk to maximize enterprise value, while our experience in mergers and acquisitions, fraud, litigation and reorganizations helps clients emerge stronger and more resilient.
As used in this document, “Deloitte Advisory” means Deloitte & Touche LLP, which provides audit and enterprise risk services; Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services; and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Deloitte Transactions and Business Analytics LLP is not a certified public accounting firm. These entities are separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
