'Straight Shooter' Takes Aim at Rebuilding Job

Milligan, Jack
September 2001
Financial Executive;Sep2001, Vol. 17 Issue 6, p28
Academic Journal
The article profiles Charles Chokel, chief financial officer (CFO) at Conseco Inc., an insurance and consumer finance company. Chokel jumped at the chance to work with Gary Wendt to help turnaround Conseco. Conseco owes about $1.5 billion in loans to a group of commercial banks and has roughly $1.9 billion in trust-preferred securities. According to Chokel, the company has a long way to go. Historical analysis of the problems at Conseco are discussed, as well as Wendt's role in turning the company around.


Related Articles

  • CONSECO TURNS THINGS AROUND, BUT THE GOING'S STILL TOUGH. McCrary, Ernest S. // Global Finance;Sep2001, Vol. 15 Issue 10, p14 

    Talks about the role of chief executive Gary C. Wendt in the turnaround of Conseco, an insurance and consumer finance conglomerate in the United States. Increase in the company's stock on the day he took over; Details of the financial troubles faced by Conseco; Key elements of Wendt's strategy.

  • Conseco's new chief plots turnaround.  // Indianapolis Business Journal;08/07/2000, Vol. 21 Issue 21, p6B 

    Features Gary C. Wendt, CEO of Indianapolis, Indiana-based insurer Conseco Inc. Strategy for a corporate turnaround; Industry credibility.

  • Conseco Turnaround Plan Adding 3,000 Pink Slips. Julavits, Robert // American Banker;4/24/2001, Vol. 166 Issue 78, p16 

    Focuses on the turnaround strategy of insurance and consumer finance company Conseco Inc. Disposal of almost $1.7 billion in assets; Elimination of 2,000 jobs; Priorities of chief executive officer Gary Wendt; Expectations from Conseco's 2001 first-quarter results.

  • What makes a viable turnaround plan? Petersen, Dietrich L. // Business Credit;Oct93, Vol. 95 Issue 9, p5 

    Discusses company turnaround plans. Availability of key resources; Effectiveness of proposed corrective actions; Feasibility of the plan; Focus on subjective issues.

  • Turnaround specialists come in from the cold. Taber, George M. // Business News New Jersey;10/06/97, Vol. 10 Issue 34, p6 

    Focuses on the award given to the Turnaround Management Association in New Jersy who was named as the most outstanding chapter by their organization. Information on the increase in membership; Examination of the organization's purpose; Comments from chief executive officer, Gene Gillespie.

  • Community turnarounds in declining company towns: A... Wigblad, Rune // Journal of Socio-Economics;Fall95, Vol. 24 Issue 3, p463 

    Argues that in the event of business closure, the chances for a community's success of a turnaround will increase if the closing business incorporates its closing strategy with the growth of the community. Factors of successful restructuring efforts; Basic community bridging concept.

  • The turnaround town.  // Crain's Detroit Business;11/18/96, Vol. 12 Issue 47, p42 

    Reports on the annual conference of the Turnaround Management Association which took place in Washington D.C., focusing on the the key note speakers who have links with Detroit, Michigan.

  • Group turnaround. Black, Jane A.; Giron, Kristin // Executive Report;Jan1995, Vol. 13 Issue 5, p7 

    Reports on the formation of a Pittsburgh-area chapter of the Turnaround Management Association (TMA). Alan Silverman as the first president of the board; Area of the chapter.

  • Do's and don'ts of turning a company around. Lenzner, David S.; Koob, C. Albert // San Diego Business Journal;7/10/95, Vol. 16 Issue 28, p21 

    Discusses do's and don'ts of turning a company around by way of illustration of a large Fortune 500 company experience in 1989. Decisions on whether to shut down or invest in a local San Diego, California division; New management team's selling of the company short of the revenue goals; List of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics