Philadelphia Business Journal
July 13, 2012
June 2008. The U.S. economy was mired in a recession, and businesses around the country were strapped with financial burdens. Safeguard Scientifics in Wayne entered the recession with a balance sheet that hadn’t yet fully recovered from the previous recession, when the dot-com boom fizzled.
That was the month Stephen Zarrilli joined Safeguard Scientifics as its CFO.
His primary goal was straightforward: Help the equity capital provider dig out of millions of dollars in debt so it could survive the recession and expand its platform.
He succeeded at that and completely transformed the company’s balance sheet in just four years. …