Friday, November 12, 2010
When Frank Gatti arrived at ETS in late 1997 as chief financial officer, he quickly determined the company wasn’t in great shape financially.
But as he began delving into the business that among other things administers and scores assessments and certifications, Gatti found “the situation was significantly worse than I had expected.”
“It was clear there were at least 1,000 things that needed to be fixed,” Gatti said – including borrowing from the bank just to meet payroll. “That’s always a bad sign.”