Cornerstone Takes on the Economy with Mobile Turnaround Team

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Cornerstone International Group's new Turnaround Division will help to turn around struggling firms by putting a team of experienced executives wherever they are needed, anywhere in the world.

You've got to get in there with real experience and help them do it. That's where we are different -- we act!

A new "Airborne Division" of the corporate recovery business hits the ground running this week with the launch here of the Cornerstone Turnaround Division.

The new Division, latest addition to the global Cornerstone International Group, the fourth largest executive search consortium, may be the first to provide a hands-on team of recovery experts to rebuild stressed companies anywhere in the world.

"There are a number of turnaround consultants out there, but I know from experience that even the best advice is often not enough," says Dick Stevens, who heads up the new Division. "You've got to get in there with real experience and help them do it. That's where we are different -- we act!"

The new Turnaround Division is being launched today (Wednesday) at the Cornerstone International Conference being held at the Monte Carlo Resort & Casino. Speakers include Kevin Turner, the Chief Operating Officer of Microsoft; David Perdue, who engineered the turnarounds of both Reebok and Dollar General; and Stevens himself, who has led over 20 successful corporate revivals.

The Cornerstone Turnaround Division will be based in California and serve the client companies of member firms in North America and around the world.

"With just our core team, we can put over 140 years of turnaround experience on the ground on Day One," says Stevens. "I don't know of anyone else doing it this way."

The Turnaround Division is the brainchild of Bill Guy, Chairman and CEO of Cornerstone International Group which has nearly 100 offices worldwide.

"Business all around the world is really hurting right now," says Guy. "We're in the business of executive performance and we know the kind of leader it takes to turn around a troubled firm. I really think we can make a contribution to economic recovery here, and there's no question Dick's the best man to lead the charge."

About Cornerstone:
Cornerstone International Group ( has nearly100 of its own offices and over 400 affiliates on six continents. These locations provide (a) retained executive search (4th Largest in the World), (b) executive onboarding and transition acceleration, (c) human resources consulting (leadership assessment & coaching, compensation & benefits, change management, etc.), and (d) full-service general management consulting (mergers & acquisitions, venture capital, turnaround management, etc.).

Cornerstone represents large, medium, and small client organizations in virtually every industry and every geographical region. Current and prior client lists include approximately one-half of the global 1000 largest firms, two-thirds of the global 500, three-fourths of the global 100, and nine of the 10 largest multi-national firms in the world.

About Cornerstone Turnaround Division:
This new Division is headed by successful, experienced executives covering a wide range of disciplines. The Division is assembling a faculty of turnaround leaders from many industries and geographical markets, which will form turnaround teams for client companies.


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