[PeterPrinciple]

On Sept. 26, with banks controlling how Heller spent its money, shareholders voted to dissolve the firm.

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That is a key statement. Wonder what the bank had for collateral?

[Alberta's Child]

That is a key statement. Wonder what the bank had for collateral?

In the case of a professional consulting practice, the only things of any value as collateral are usually: (1) the brand name of the company and any of its products, processes, etc.; (2) the company's accounts receivable; and (3) if applicable, any real estate the company might own.

This is probably why you hardly see any big, publicly-traded professional consulting companies.

[Gracey]

I honed in on that also. Interesting. Guess we’ll be calling all the banks “Bank of America” literally.