As Quasha writes,

“As a society, however, we are trained from our earliest days to be afraid of mistakes. We learn to react to mistakes with anger–outrage, on one hand, and fear on the other. We operate in a system in which we’re rewarded for not making mistakes and punished when we do make them. Rather than make or admit mistakes, we tend to either be risk-averse or try to cover them up.

What’s missing from this equation is growth and integrity. To learn from mistakes, we have to admit them early. To avoid big mistakes, we have to acknowledge at the outset that they are a possibility. Appropriately so, risk managers are increasingly becoming top firm managers–and firms with greater risk management controls set themselves apart from those that don’t.”

“When he was younger, one of my sons went into a coma because he had what is called a traumatic brain injury, or TBI. Through that experience, I learned a lot about TBI and becameinvolved with the Brain Trauma Foundation. I understood the enormous impact that TBI could have on families, both emotional and financial. I was asked to chair the Brain Trauma Foundation and this great organization has made tremendous changes to how TBI is treated throughout the United States and the world.

The experience has taught me lessons that I’d love other organizations to learn. One is that you don’t necessarily need to be a large organization to make something happen.”

Indian Stock Market and Alan Quasha

The Indian stock market is currently in decline, and that fact, together with the crisis of Greek sovereign debt has “raised the specter of a double dip recession.”  This is also quite disappointingly surprising since it was only recently that NIFTY (the major index for companies on the country’s National Stock Exchange) was looking pretty good.  Clearly therefore, what has now happened and what was predicted to have happened in the country’s economy, just shows how important it is for global companies such as Quasha’s to constantly keep on top of worldwide fiscal flux.

In early 2009 the company ARC Wireless Solutions Inc. retained Quadrant as a financial advisor. Included in the financial agreement between ARC and Quadrant, Quadrant will deliver financial advice to ARC as well as provide restructuring services.

“Restructurings tend to be required in times of change, particularly when there’s economic adversity, so we’re very active. We recently took control of Genius Products, a leading entertainment distribution company formerly owned by Bob and Harvey Weinstein. I refer to it as the leader in “non-Blockbuster titles,” which means it handles most mediums of entertainment. Genius is already very strong in the movie and DVD business and we’re moving it into the music and game business because we can utilize the same distribution channel.”