Kellogg Impact Series: New York

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Executive Summary

For more than 25 years, Parr has provided strategic advice to financial institutions worldwide on transactions such as the sale of Lehman's North American investment banking business to Barclays and the sale of Bear Stearns to JPMorgan. Parr said he felt that the U.S. government and those working to save the economy got everything right, based on the limited amount of information they had at the time they were making their decisions. "In this financial crisis, there were so many different combinations and permutations that hadn't been seen before," Parr said.

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