In 1981, Jay Alix thought there must be a better way to save the assets, jobs, and values inherent in good companies caught in hard times. That idea gave birth to a new industry: corporate turnaround and restructuring. The firm he started pioneered a series of innovative concepts and practices that are now used and recognized globally, including: The role of the chief restructuring officer (CRO) Turnaround teams, which leverage the client’s own people and thereby inculcate the turnaround tools Success fees, which align incentives to the success of the engagement In the 36 years since, AlixPartners has expanded our focus to apply our when it really matters mindset, honed in urgent situations, to the high-level, high-stakes matters that materially affect the future of organizations. Today, we partner with management of both healthy and challenged companies across more than 20 industries and in more than 60 countries around the world. We have built a legacy of pursuing the highest standards of excellence in all areas of our business. We have achieved this by remaining focused on our clients and our people – and by adhering to our Core Values of Commitment, Professionalism, Teamwork, Common Sense, Personal Respect, and Communication.