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September, 2011 Contents
SC&H Transition Advisors Leaders 
Joe Foss, Joe Foss oversees SC&H Transition Advisors, a team within SC&H Group focused on assisting companies in the midst of change. With more than 35 years of experience in a variety of industries, including banking, professional sports, and elder care — Joe has significant experience steering organizations through major challenges, transitions, and corporate turnarounds. Joe is the former Chief Administrative Officer for Erickson Retirement Communities and Chief Operating Officer for the Baltimore Orioles. He has held various leadership positions within banks, including serving as Chairman/Chief Executive Officer of First American Bank in Washington, DC. 
Mark H. Moderacki, CPA, Mark Moderacki brings a wealth of knowledge to the SC&H Transition Advisors team, with more than 30 years of experience in executive management and public accounting. As a former "Big Four" CPA, Mark possesses a unique combination of operational and financial skill sets resulting from holding President, COO, and CFO positions.
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Are we experiencing a second recession, or a deepening of the ongoing recession, depending on your personal point of view? Consensus abounds among economic experts that the economy is not well. With unemployment doggedly clinging to at least 9%, and the weakness of the US dollar leading to higher commodity prices, most personal income is being spent on base living expenses; consequently consumer spending is unable to provide leadership out of the economic doldrums. Equally as concerning, our elected officials are unable to either agree upon, or more importantly, implement any meaningful solutions. Thus it seems that most aspects of our economy are suffering. We are seeing evidence of this first hand as our current client base covers the full spectrum of industry sectors. No one is immune. Well managed companies are not prospering, rather they are getting by. Less than well managed companies are. . . well, the center of our universe. It does not appear that our universe will be shrinking significantly in the near future. This issue contains a reprint of an interview of Joe Foss conducted by Newt Fowler a prominent local attorney with Rosenberg Martin Greenberg, LLP. The interview captures the essence of the most common obstacles we regularly encounter in our universe. We hope you enjoy the newsletter, and thank you for keeping us in your thoughts. Joe Foss and Mark Moderacki Consensus Economics, Inc., publisher of Consensus Forecasts - USA, forecasts real GDP to increase at a seasonally adjusted annual rate of 2.5% in the first quarter of 2011, then at a rate of 2.8% in the second quarter. They expect GDP to grow 2.7% in 2011, 3.3% in 2012, and 3.4% in 2013. In the long term, they report that real GDP will grow by an average annual rate of 2.6% between 2016 and 2019. Every month, Consensus Economics surveys a panel of 28 prominent U.S. economic and financial forecasters ("the forecasters") for their predictions on a range of variables including future growth, inflation, current account and budget balances, and interest rates. Click here for the full article Managing Denial: A Conversation with Joe Foss, Managing Director, SC&H Transition Advisors By: Newt Fowler Can you accept that you are a large part of the problem? Can you listen? Can you acknowledge that your perspective is flawed? Can you change your team to address your blind spots? In short, can you manage your denial? I recently sat down with Joe Foss of SC&H Transition Advisors to explore how certain leadership flaws get in the way of fixing an organization's problems. Click here for the full article
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