Ep 61 - Martin Young, Managing Director at M3 Partners – Finding the Moral Center: A Wall Street Executive On Turnarounds, Leadership and his Work as a Military Chaplain

Learn more about Michael Wenderoth, Executive Coach: www.changwenderoth.com SHOW NOTES:Martin Young, Managing Director at M3 Partners, explains what turnaround and restructuring experts do – and how his training as a military chaplain has served him and his work on Wall Street. We discuss: thinking in terms of best interests, understanding organizational behavior through the theological concept of total depravity, how a chaplain approaches contentious situations – and the misunderstood paradigm between communication and being effective.How Martin’s religious side emergedHow his theological training and military service shaped his worldview – and connect to his Wall Street jobThe US Constitution on bankruptcy and the idea of a fresh startHow Marty defines power: formal and informalThinking in terms of “the best interest” testsIs the restructuring world all about brutal cost cuts and layoffs?The two core things that turnaround professionals look atIncome Statements and Balance Sheets, Turnarounds vs RestructuringManaging constituencies who have influence & navigating egos and politics: The first thing you need to doTriangulate to the core, shed and thinking it terms of a bankruptcy paradigmThe grey areas create the most contentionLooking at organizations through the theological lense of “total depravity”Forcing a process upon people where they actually have to do things that are in their best interestHow his chaplain training helps him when advising executives and companiesGoing into contentious meetings, what Marty does to stay self-controlled, be able to listen and understand other perspectivesHow to share bad news without pissing off the CEOWhat are people’s anchors?“Leadership is identifying a problem with a moral center that people can get behind and want to solve”The “Theology -> Ethics -> Leadership” progression that is sadly being lostThe basic issues we all struggle withThe misunderstood paradigm around communication and being effective BIO AND LINKS:Marty Young is a globally recognized restructuring, turnaround, performance improvement and investment banking professional and executive with over 25 years of financial and operational experience in addressing over 75 special situation investments. He is a Managing Director at M-3 Partners, a top Wall Street boutique restructuring advisory and investment firm, serves on the Advisory Board of the School of Industrial and Systems Engineering of Georgia Tech, and has held executive roles with Noragh Analytics, Young Broadcasting, Best Textiles and most recently as CEO of Buckle, an innovative insurance company that serves the shared economy. Marty has been globally recognized by the Turnaround Management Association, Turnaround and Workouts, and the Global M&A Network, including being named one of the Top 100 Restructuring Professionals. Marty is a West Point graduate and served as an Officer in the U.S. Army Infantry, earned an MBA from the NYU Stern School of Business and an MS in Operations Research from Georgia Tech, and trained at Gordon Conwell Theological Seminary, from which he holds a Masters of Divinity, Masters of Theology (Biblical Theology), and Doctorate of Ministry in Workplace Theology, Ethics and Leadership. Marty serves as a Chaplain in the Delaware National and is a graduate of the US Army Command and General Staff College. Linkedin: https://www.linkedin.com/in/martinsyoung/M3 Partners: https://m3-partners.comBuckle: https://www.buckleup.comMichael’s Book, Get Promoted: https://tinyurl.com/453txk74Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

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