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Demand for top talent in private equity still high
BusinessWeek
Although the credit crunch is spreading fears that business in financial services could slow down for executive search firms as well, Roger O. Crockett and Jena McGregor writing for BusinessWeek report otherwise. After talking to experts in the business they write that it “is still humming as buyout shops continue ordering up top talent and high-profile managers keep taking the private equity plunge.”
Alan Hilliker, consultant at Egon Zehnder International, New York, is quoted with the observation that private equity partners are trying to improve their operations at newly acquired companies by assessing executives and providing profound analysis about who best should stay. “Some (firms) acknowledge privately they got a little sloppy (staying) on top of management,” says the New York based consultant.
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