In 1981, shortly after Jack Welch became CEO of General Electric (GE), he issued a now-famous directive: Each of the company’s business units had to be number one or two in their markets; if not, they’d have to fix, sell or close it.
In this two-part series, we discuss why an objective Fix, Sell, Close assessment is a powerful strategy for businesses and investors looking to use their capital more effectively, and outline the benefits and potential scenarios for each option.
This first article focuses on the A&M approach to Fix, Sell, Close solutions, with a detailed examination of the “sell” route.
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Leading Through Uncertainty: The CFO Playbook
May 18, 2026
In challenging times, cash becomes even more important to drive resilience. For CFOs navigating the current Middle East crisis, the mandate has shifted from reporting performance to protecting liquidity, preserving flexibility and positioning the business for recovery.
Automotive Breakfast Seminar: Key Takeaways
May 11, 2026
A&M's Restructuring team hosted an exclusive breakfast seminar on the automotive sector. The event gathered the lawyer, bank and fund community to discuss the disruptive forces hitting the industry – and how that’s driving stress and distress across European OEMs and suppliers in 2026.
THE A&M DISTRESS ALERT
March 17, 2026
Financial distress is accelerating and becoming more entrenched across European businesses as mounting macroeconomic and geopolitical pressures eroded both earnings and balance sheet resilience in 2025.
The latest A&M Distress Alert highlights 13.5% of companies in Europe are now classified as distressed, the highest level since at least 2022 and up from 8.6% in 2024.
Alvarez & Marsal Strengthens Irish Restructuring Practice with Senior Hire
February 17, 2026
Kate Magee joins A&M’s practice in Dublin, bringing deep sector and local expertise
