Arete Coach 1118 Peter Michaels "Anticipate: Advice from an Executive Coach, Banker, M&A Specialist""

Arete Coach: The Art & Science of Executive Coaching

Arete Coach Podcast

Business, How To, Entrepreneurship, Education, Management

5 • 1.2K Ratings

🗓️ 20 March 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome to Episode 1,118 of the Arete Coach Podcast, where your host, Severin Sorensen, is joined by esteemed guest Peter Michaels. Peter is an accomplished Executive Coach, former Vistage Chair, Commercial Banker, and Mergers and Acquisitions expert. He currently holds the position of President at Shadow River Corporation.

In this timely episode, titled "Anticipate: Insights from an Executive Coach, Banker, & M&A Specialist," we dive into the pressing events of March 2023, including the collapse of Silicon Valley Bank and Signature Bank, and the unfolding banking crisis. As a seasoned commercial banker with 20 years of experience and a former top executive at one of the largest independent regional banks in the US, Peter shares his invaluable insights on the nature of money, its implications, and what it isn't.

The conversation shifts towards what executive coaches, business owners, entrepreneurs, and CEOs should be doing to prepare for the financial crisis, including accumulating cash and convertible treasuries. We also explore the possible actions banks may take to protect their assets, such as clawing back credit lines, tightening credit availability, and the subsequent impact of money tightening on the economy.

As we delve deeper into Peter's life, we journey through his impressive career spanning three industries: 20 years in commercial banking, a decade in M&A in Southern California, and over two decades of executive coaching as a Vistage Chair or independent coach. Throughout the interview, Peter shares a crucial lesson he learned from a mentor: "Anticipate." We discuss the significance of this word from various angles, reflecting on its profound implications.

Please note that this podcast episode, its transcript, and any future insights articles derived from its content do not constitute financial advice. We are not your accountants or advisors. Consult with your own financial professionals before making any decisions. Our discussion is simply an exploration of the current economic landscape and its potential impact on business owners, entrepreneurs, CEOs, key executives, and the executive coaches who serve them.

The Arete Coach Podcast seeks to explore the art and science of executive coaching. You can find out more about this podcast at aretecoach.io.

This episode was produced on 14 March 2023.

Transcript

Click on a timestamp to play from that location

0:00.0	This is the RT Coach podcast with Severin Sorenson and his guest, Peter Michaels.
0:05.1	He is an executive coach, a former VISTAs chair, banker, and mergers and acquisition
0:11.1	specialist and president of Shadow River Corporation. This interview is recorded on March 14,
0:17.2	2023 via Zoom video. You are listening to Severin Sorenson, executive coaching curator of
0:24.4	the RT Coach podcast where we explore excellence in the art and science of executive coaching.
0:30.5	I am speaking today with Peter Michaels. He is an executive coach,
0:34.8	a former VISTAs chair of 19 years, former banker of 20 years, and added to his background,
0:42.4	Pete has nearly a decade of M&A experience with MRC Worldwide, a boutique Southern
0:48.3	California-based mergers and acquisition firm, and he is president of Shadow River Corporation.
0:55.3	Peter's work with business owners and high-level executives for over 45 years.
1:01.2	Since 1997, he has led private peer advisory boards, and this is included being a
1:07.6	VISTAs chair in San Francisco for 19 years, working with a number of private equity-financed businesses.
1:15.2	Interestingly, Pete has also had a business background in banking, some 20 years as a commercial
1:21.1	banker, where he was a senior vice president at Pioneer National Bank in Yakima,
1:26.0	Washington, and vice president at Seattle First National Bank. At the time, Seattle First Bank
1:32.5	was the largest independent bank west of the Mississippi, not included California.
1:38.0	In between banking and coaching, Pete had eight years of M&A advisor experience working with
1:43.6	MRC Worldwide. In addition to great executive work, Pete is also a role model for fitness and
1:51.0	health. Pete earned a master's degree in fitness management from the U.S. Sports Academy.
1:56.9	The United States Sports Academy is an independent, non-profit, accredited, special mission,
2:01.8	sports university, created to prepare men and women for careers in the sports profession.
2:07.6	Pete also has a bachelor's degree from Woolabette University, one of the Pacific Northwest,
	...

Transcript will be available on the free plan in -734 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Arete Coach Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Arete Coach Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.