Press Release: TWAJ.com Offers Free Advice, Actions Plans for Corporate Leaders Grappling With Credit Crisis Fallout

CALISTOGA, CA, OCT. 6—How can executives and boards of directors best navigate the global credit crisis—and survive in the wake of today’s corporate scandals, government bailouts, and heightened shareholder activism?  A new website, TWAJ.com, offers free advice and action plans from Tom Wajnert, a veteran advisor to private and public corporations.

Wajnert currently serves on the boards of Reynolds American (NYSE), UDR, Inc. (NYSE), and NYFIX (Nasdaq), and has been a retained advisor to many leading companies, including American Express and UPS.  In a series of articles at http://www. twaj.com, he addresses the top issues of corporate executives and boards.

One way to succeed in financially tumultuous times is to reexamine board composition, recruit new directors with solid governance experience in tough situations or adjust roles and responsibilities.  He wrote about splitting the roles of CEO and board chair for Directorship magazine to be published this fall. It appeared on the magazine’s website in August.  The topic of board composition was also covered by Wajnert in the July/August Executive Counsel.

Wajnert is also a sought-after speaker. He will be a key presenter at Ernst & Young’s, “Strategic Growth Forum,” in Palm Springs, Calif. next month. He also presented recently on risk management in a roundtable hosted by Directorship and the National Association of Corporate Directors.

In his 40-year career, Wajnert has served a variety of industries, including financial services, commercial real estate, insurance, technology, manufacturing, business services, and consumer products.   Typical engagements have involved succession planning, workouts, restructurings, and conflict management.

Early in his career, he founded AT&T Credit Corporation to assist AT&T in the sale of its products to business customers. The company developed quickly and evolved into AT&T Capital Corporation, a NYSE-listed, full-service equipment leasing and commercial finance company that operated in 23 countries. With $14 billion in assets, $2 billion in revenue, and over 3,000 employees, AT&T Capital was one of the largest finance companies in the world.  Wajnert served as chairman and CEO of AT&T Capital from 1985 to 1997, growing the company to more than $13 billion in assets before taking the company public, then private. He later sold the company and completed the largest management-led buyout in the financial services industry.

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