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Why Ken Moelis thinks GFC was worse than virus

Why Ken Moelis thinks GFC was worse than virus

'I will do what's necessary to have the best business two years from now,' Wall Street stalwart Ken Moelis tells Joe Aston.

Ken Moelis, chairman and chief executive of Moelis & Company. Johanna Korsh

On a good day, the crowd at Los Angeles institution Madeo is the very quintessence of Tinseltown money, fame and power. The parking valet could seed an automotive museum, while its dining room could double as a trade fair for rare Swiss watches. I ate my last veal Milanese here seated between Jeffrey Katzenberg and Leonardo Di Caprio.

This is not a good day. It is Friday the 13th, it is – unusually – belting down with rain, and these are the halcyon days of the novel coronavirus. Indeed, just minutes earlier, Donald Trump designated COVID-19 a national emergency.

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Joe Aston
Joe AstonColumnistJoe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news

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Original URL: https://www.afr.com/companies/financial-services/ken-moelis-plans-to-bounce-back-20200318-p54bdx