Question: 1. Put yourself in Larry Cohens position. What would you see as your most immediate problem? What are your long-term problems? 2. What do you

1. Put yourself in Larry Cohen’s position. What would you see as your most immediate problem? What are your long-term problems?
2. What do you recommend Cohen do to save Accurate Perforating?

Accurate Perforating Co. punches holes in sheet metal— LOTS of holes. The company, founded in 1940, perforated 40 million pounds of sheet metal annually (and, we assume, accurately) for industrial and architectural purposes. Accurate’s President Larry Cohen had a meeting scheduled with his bankers at the Chicago headquarters of Cole Taylor Bank, but he was not looking forward to it. The Chicago-based metal company owned by Cohen’s family had run out of operating capital. Cole Taylor had loaned Accurate $1.5 million two years earlier.

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