Originally Posted by
orvil
Athena. That is a name from the past. There was some question as to conflicts of interest and expertise. Athena was well compensated for their efforts. They did a nice job with the first sale. DALPA and Athena completely botched the second distribution, SLOA 19.
Ah. Stephen Presser and the Athena Group. Ex ALPA attorney from Cohen, Weiss and Simon that left in 1993 and decided to switch gears and become an investment banker. THE investment banker for ALPA.
Why that task you mentioned was never bid out to other investment banks, Chase, Goldman, BofA, etc is yet another question. Why ALWAYS Presser?
God forbid establish relationships with a real Wall Street Bank and have access to their E and FA. Maybe we would have made some different decisions vis a vis profit sharing, 4-8-3-3 etc.