Alec Gores Quotes
101 Alec Gores Quotes (The Gores Group)
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We like tough situations.
Alec Gores
[In May 2003 on using the same principle in acquiring roughly 40 companies.] For the past 20 years, I’ve done the same thing. We’ve just made it bigger and better.
Alec Gores
I work best when I’m in a corner.
Alec Gores
That is our strength. The ability to see a potential investment opportunity not obvious to others and then dive deep and fast with 360 degrees of due diligence that draws on world class, in-house expertise.
Alec Gores
Once you've figured out how to turn around something like the Learning Company, which we acquired from Mattel, you feel like you could fix any broken company in America.
Alec Gores
The Learning Company had virtually every problem we've ever encountered. It was losing $1.5 million a day. Meanwhile, nobody was talking to anybody…
Alec Gores
Everyone was saying the same thing: Is this guy out of his mind?
Alec Gores
We were on the hot seat and had to get the job done.
Alec Gores
I came to learn that really big problems at really big companies often present advantages. You have more at stake, but you also have a lot more room and money to make things happen.
Alec Gores
At the end of the day the math had to add up.
Alec Gores
When the right opportunity comes… we’ll go after it.
Alec Gores
It didn’t scare me.
Alec Gores
We've been acquiring companies for nearly 20 years.
Alec Gores
A lot of people focus on the P & L’s and forget about customers, employees, and culture.
Alec Gores
We help people be more nimble.
Alec Gores
We believe investors were attracted to our operating orientation and ability to transform undervalued or underperforming businesses.
Alec Gores
Our unique ability to pursue complex situations and offer speed and certainty of closure remains critical to sellers.
Alec Gores
This investment is the definition of marketplace diversity…
Alec Gores
The ability to see a potential investment opportunity not obvious to others…
360 degrees of due diligence…
Alec Gores
We’re able to get due diligence done much quicker, and with much more confidence.
Alec Gores
Our ability to raise this fund rapidly in a challenging fundraising environment is a very strong endorsement of our firm and its unique investment strategy.
Alec Gores
We give them ownership and make them feel like it’s their company.
Alec Gores
Nobody was talking to anybody…
Alec Gores
Everyone had forgotten about the customer…
Alec Gores
Decisions were based on gross margins that weren't real…
Alec Gores
Excess inventory was being counted as revenue…
Alec Gores
It was a colossal and complex mess.
Alec Gores
The company was a combination of 70 prior acquisitions.
Alec Gores
They just don't know how to execute.
Alec Gores
Really big problems at really big companies often present advantages.
Alec Gores
[On The Learning Company deal.] It was my biggest deal ever and by far the messiest.
Alec Gores
The problems generally are the same, whether they're in a $50 million company or a $1.5 billion company.
Alec Gores
Somewhere along the way, companies lose sight of their core business. Our job is to reconnect the company with its customers and start building value again.
Alec Gores
The end game again is to take that business and take all the things they have, the assets and try to evolve that business into the new way of DVD’s and music.
Alec Gores
We don’t want to compete for the business.
Alec Gores
I think there is a lot of synergies…
Alec Gores
It’s the right thing to do.
Alec Gores
[On taking over The Learning Company when it was losing $1.5 million a day.] We'd never done such a high-profile deal before. The stakes were high, but I didn't realize how high until we signed the deal. The phone rang off the hook; the press was all over the story. And everyone was saying the same thing: Is this guy out of his mind? We were on the hot seat and had to get the job done.
Alec Gores
[From losing $1.5 million a day before he acquired it.] Within 70 days, the Learning Company was turning an operating profit.
Alec Gores
[In November 1993 on Gores Enterprises Inc acquiring Applicon Inc] The acquisition leverages our existing CAD/CAM expertise.
Alec Gores
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