Steven Davidoff Solomon

The financial alchemy that’s choking SunEdison

Steven Davidoff Solomon writes for The New York Times, March 15, 2016

If SunEdison enters into bankruptcy, the autopsy will no doubt reveal a suicide, finding the solar energy company done in by financial engineering that was too clever and by a failure of its executives and investment bankers to remember the lessons of the financial crisis.

Yahoo’s decision to explore a sale exposes a weak board

Steven Davidoff Solomon writes for The New York Times, Feb. 22, 2016

The announcement last week that the board is officially exploring “strategic alternatives”—code for a sale—and hiring advisers is confirmation that it is still stumbling, refusing to take a stand as its chief executive, Marissa Mayer, flounders.

A fight over Argentina’s debt produces no winners

Steven Davidoff Solomon writes for The New York Times, Feb. 16, 2016

The battle over Argentina’s debt is at the end stage, as the hedge funds and the country enter into negotiations to resolve the dispute. The hedge funds may claim victory, reaping billions of dollars on legal technicalities, but there are no real winners in this sorry affair.