Headway Corporate Resources, Inc.

[startingboy]

mike check this beast! http://www.headwaycorp.com/JPSakey0801.pdf
! read this part
Sakey was initially brought in as a turnaround
CEO in 2003, when Headway was going
through bankruptcy, partly as a result of
acquiring too much debt when it went public.
Within 18 months, Sakey and his investors and
management team took the company out of
bankruptcy, built a solid balance sheet, wiped
away the debt and overhauled the company’s
business model — all without losing a single
client. Not surprisingly, the company’s board
asked him to remain in the C-suite.
Sakey’s next move was to relocate the company
from New York City, where it was founded
30 years ago as the Irene Cohen Personnel Agency,
to Raleigh, in part to be closer to a big client
(Sakey wouldn’t name the company). For the
past year Sakey and his team of 70 headquarters
employees have been enjoying the view from
the 10th fl oor of the Bank of America building
on newly reopened Fayetteville Street.