Tom Joyce: ‘It Was a Very Big Mistake”

Appearing on CNBC this morning, Joyce said the it was “absolutely” the best deal and the board was confident “we made the right choice.” He said there was a “big number” of parties interested in a deal, including private equity, clients and distressed investors.

“The flattering thing is how the industry responded to us,” Joyce said. “The wildly flattering thing was how our clients responded to us.”

Full Article