Are restructuring advisers vultures or surgeons? – The Economist

Restructuring advisers are often the first on the scene when a business starts to teeter. To some, that makes these bankers, consultants and lawyers capitalisms emergency surgeons, rescuing companies from death. To others, the steep fees of these advisers, which may be the final bill an ailing company can afford, suggest a less flattering comparison: vultures. This week, we settle the debate once and for all.

Hosts: Tom Lee-Devlin, Alice Fulwood and Mike Bird. Guests: Kevin Kaiser of the Wharton School of the University of Pennsylvania; and Joff Mitchell of AlixPartners.

Listen to what matters most, from glob…