Publications

June 1994 (Revised October 1997)
Teaching Note

First Executive Corporation (TN)

By: Stuart C. Gilson, Harry DeAngelo and Linda DeAngelo

June 1994 (Revised April 1998)
Teaching Note

National Convenience Stores Incorporated (TN)

By: Stuart C. Gilson and Steven R. Fenster

Teaching Note for (9-294-068). View Details

Keywords: Retail Industry

May 1994 (Revised May 1997)
Case

A comprehensive review case that entails both investment and financing decisions. Students must value an acquisitions opportunity and determine how Nelson Paper ought to finance both the acquisition and its regular capital expenditures program. View Details

Keywords: Cash Flow; Financing and Loans; Investment; Acquisition; Financial Strategy

May 1994
Teaching Note

Continental Airlines--1992 & Continental Airlines--1992 (Abridged) (TN)

By: Stuart C. Gilson

Teaching Note for (9-293-132) and (9-294-058). View Details

May 1994
Teaching Note

Humana, Inc.--Managing in a Changing Industry (TN)

By: Stuart C. Gilson

Teaching Note for (9-294-062). View Details

Keywords: Health Industry

May 1994 (Revised November 1995)
Case

Shawmut National Corporation's Merger with Bank of Boston Corporation (A)

By: Benjamin C. Esty

Presents the merger negotiations between Bank of Boston (BOB) and Shawmut National Corp. (SNC), two of the country's largest bank holding companies and requires students to value BOB's current offer for SNC. Provides an overview of recent events and trends in the... View Details

Keywords: Mergers and Acquisitions; Banks and Banking; Ethics; Negotiation; Valuation; Management; Banking Industry; United States

May 1994 (Revised November 1995)
Supplement

Shawmut National Corporation's Merger with Bank of Boston Corporation (B)

By: Benjamin C. Esty

Supplements the (A) case. View Details

Keywords: Banks and Banking; Boston

25 Mar 1994
Lecture

Canada's Cost of Capital Disadvantage?: Comparative Perspectives

By: W. Carl Kester

Keywords: Capital; Canada

March 1994 (Revised July 1994)
Case

First Executive Corporation

By: Stuart C. Gilson, Harry DeAngelo and Linda DeAngelo

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March 1994 (Revised December 2014)
Case

Humana, Inc.: Managing in a Changing Industry

By: Stuart Gilson

Intensifying competition and change in the U.S. health care industry force a large integrated health-care provider to reassess its strategy of operating both hospitals and health insurance plans (HMOs). In an attempt to increase its stock price and operating... View Details

Keywords: Business Strategy; Restructuring; Change Management; Financial Management; Health Industry

Article

The Collapse of First Executive Corporation: Junk Bonds, Adverse Publicity, and the Run on the Bank Phenomenon

By: S. C. Gilson, H. DeAngelo and L. DeAngelo

In April 1991, regulators seized the major subsidiaries of First Executive Corporation (FE), an insurer that invested heavily in junk bonds. During the junk bond market turmoil of 1989–1990, adverse publicity fueled a bank run at FE, forcing a $4 billion portfolio... View Details

Keywords: Business Ventures; Bonds; Banks and Banking

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February 1994
Case

Kentucky Steel Corp.

By: W. Carl Kester

Keywords: Steel Industry

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February 1994 (Revised July 2008)
Case

Banc One Corporation: Asset and Liability Management

By: Benjamin C. Esty, Peter Tufano and Jon Headley

Banc One's share price has been falling recently due to analyst and investor concern over the bank's heavy use of interest rate derivatives. Dick Lodge, chief investment officer in charge of the bank's investment and derivative portfolio, must recommend to the CEO a... View Details

Keywords: Credit Derivatives and Swaps; Financial Management; Interest Rates; Investment Portfolio; Governance Controls; Risk Management; Banking Industry