Andrew Zezas, SIOR interviews Andrew Savadelis, CFO
Andrew Zezas, SIOR, President & CEO of New Jersey based Real Estate Strategies Corporation, a corporate real estate advisory and transaction services firm interviews financial executive and CFO Andrew Savadelis. Mr. Savadelis answers Mr. Zezas’s questions and provides great insight into a number of timely economic issues, including his recent experiences in securing traditional bank vs government sponsored debt financing, and the drivers behind venture capital versus strategic investors. He discusses how the government acts like a bank, while managing its policy agenda. Mr. Savadelis discusses U.S. government green energy programs, and how, in less than one year, he led a successful turnaround of a company that was burning $60 million annually on $70 million in revenue, with a $20 million market cap. He describes how some venture capitalists ask themselves if the companies they consider investing in have management teams “they can believe in.”, whereas other vcs seek an exit strategy, with strategic investors seeking control over the intellectual property as a competitive advantage. Andrew Savadelis draws on his years of experience leading finance and strategy for biotechnology and technology companies, having specialized in turnaround and commercialization stage companies.
Mel Epstein – Economy and Careers
Andrew Zezas, SIOR interviews Financial Executive, Mel Epstein
Mel Epstein of M&C Group visited with Andrew Zezas, SIOR, President & CEO of Real Estate Strategies Corporation and the host of CFO Studio. Mr. Epstein shares his thoughts on the future of the economy; jobs; the relationship between technology, employees, and their companies; and more. In this first of two interviews, hear how Mel compares the global economy to a scuba diver and getting the bends. Mel draws from his diverse background as a financial executive for advertising and marketing companies, as well as, his many other experiences as a strategist and business leader, to share his insight and ideas with CFO Studio.
Tim Anglim – Economy and Banking
Andrew Zezas, SIOR interviews Tim Anglim, CFO
Financial executive and CFO, Tim Anglim, President of YesCFO and CPA Forensics is interviewed by Andrew Zezas, SIOR, President & CEO of Real Estate Strategies Corporation, a New Jersey based corporate real estate advisory and transaction services firm. Mr. Anglim discusses “an abyss in the credit markets”, talks about how the current economy has adversely impacted companies’ ability to secure bank financing. Tim discusses TARP and how banks increasing cash reserves and repaying government loans will contribute to economic slowdown. He claims that capital spending, especially discretionary spending, will rise over time depending on the industry. Mr. Anglim says the current economy has made it tougher to get to a “yes” with banks when negotiating bank agreements, and states that “companies must balance their own needs with those of their paying customers.” Tim says the “Holy grail in turnarounds is figuring out how to grow the company.”