Och-Ziff Picks Outsider to Succeed Dan Och as CEO

The transcript discusses the challenges faced by a company in finding a suitable leader, highlighting Rob Shafer's extensive management experience at Credit Suisse. It also addresses management issues and a corruption scandal at OCF, a publicly traded alternative asset manager, and how these have affected investor confidence and share prices.

What is the main focus of the organization's current efforts?

• Finding a new product line

• Searching for a leader

• Expanding into new markets

• Reducing operational costs

Who is Rob Shafer and what is his significance in the context?

• A new product manager

• A seasoned executive from Credit Suisse

• An investor in the hedge fund

• A former CEO of OCF

What was one of the challenges faced by Wall Street banks during Rob Shafer's tenure?

• Technological advancements

• Economic recession

• Management issues

• Corruption scandals

What issue has OCF faced that affected its public investors?

• A decline in product quality

• A leadership change

• A failed merger

• A corruption scandal

How has the corruption scandal impacted OCF?

• Attracted new investors

• Driven shares down

• Increased share prices

• Improved public image