Antonio Alvarez III

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'You slice; I choose' is the fairest way to carve up a divisible commodity, as anyone who grew up with competitive siblings knows. For most of us, this universal principle of justice in family life was limited to dishing up dessert, but for Antonio Alvarez III, European head of US restructuring firm Alvarez & Marsal (A&M), it was the start of a 17-year career in the business of helping out troubled companies.

"I was 11, and my brother and I were fighting over a piece of pizza," says Alvarez,

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