Moelis Actively Recruiting Minority Candidates, Co-President Says

The transcript discusses the impact of the financial crisis on headcount and growth strategies, highlighting the firm's decision to continue hiring. It addresses systemic racism and the need for diversity in the financial sector, emphasizing efforts to recruit minority candidates. The discussion shifts to the economic outlook, focusing on restructuring and the role of the Fed in stabilizing markets. Finally, it examines the risks associated with excessive leverage in corporate America and the investment industry, suggesting a potential shift in investor expectations.

What is the firm's approach to headcount during the financial crisis?

• Outsourcing jobs to other countries

• Freezing all hiring processes

• Maintaining and growing headcount

• Cutting jobs to save costs

How is the firm addressing racial inequality within its workforce?

• By ignoring the issue

• By reducing the number of minority employees

• By focusing on hiring more minority candidates

• By offering no specific programs

What sectors have been most affected by the economic crisis according to the transcript?

• Tourism and hospitality

• Education and agriculture

• Retail and oil and gas

• Technology and healthcare

What role does restructuring play in the current economic crisis?

• It helps companies address financial challenges

• It increases the financial burden on companies

• It is only applicable to small businesses

• It is irrelevant to the crisis

What has the COVID crisis highlighted about companies with excessive leverage?

• They are more flexible in crises

• They have more investment opportunities

• They face greater risks

• They are unaffected by economic downturns

How might investor demands change in the future regarding company leverage?

• Investors will demand less leverage

• Investors will demand more leverage

• Investors will ignore leverage issues

• Investors will focus on other factors

What is a potential consequence for companies with excessive leverage during unforeseen risks?

• They can easily adapt

• They may face financial trouble

• They will have increased profits

• They will have no impact