Publications

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John H. McArthur | About

assignment as a Trustee in Bankruptcy of the Penn Central Transportation Company. For much of that decade, he fielded a team that included future Secretary of State Warren Christopher and future IBM CEO Lou Gerstner to resolve the View Details

11 Oct 2006
What Do You Think?

How Do We Respond to the “Dependency Ratio” Dilemma?

declare bankruptcy and walk away from as much of its obligation as possible. Potential management responses can get pretty complicated. In this instance, growth trumps greater productivity, because the latter alone raises the dependency... View Details

Keywords: by Jim Heskett

2024
Working Paper

Does Private Equity Have Any Business Being in the Health Care Business?

By: Nori Gerardo Lietz and Zirui Song

Private Equity (“PE”) has come under increased scrutiny by the press, academics, and policymakers, as well as the public, for its investments in health care delivery. This scrutiny has been exacerbated by recent high profile hospital bankruptcies following PE... View Details

Keywords: Private Equity; Government Administration; Acquisition; Health Industry

SSRN

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Business, Government & the International Economy Awards & Honors - Faculty & Research

Purpose in the World Economy: Post-Soviet States in Comparative Perspective (Cornell University Press, 2001). Rawi E. Abdelal : Received the 2002 Robert F. Greenhill Award. 1999 David A. Moss : Winner of the Editors' Prize for the Best Article of 1999 from American... View Details

October 2013 (Revised November 2013)
Case

Blackstone and the Sale of Citigroup's Loan Portfolio

By: Victoria Ivashina and David Scharfstein

The credit boom that preceded the 2007-2009 financial crisis led to several lending practices that exposed banks to large risks. In particular, when the financial crisis unraveled, there were several billion dollars' worth of leveraged buyout (LBO) loans that were... View Details

Keywords: Restructuring; Private Equity; Insolvency and Bankruptcy; Credit Derivatives and Swaps; Financial Markets; Investment; Banking Industry; Financial Services Industry

December 2021 (Revised January 2023)
Case

Katerra (A)

By: Lindsay N. Hyde, Thomas R. Eisenmann and Tom Quinn

In April 2020, Katerra executives struggled with a series of decisions that would determine the fate of one of the best-funded construction startups in history. Katerra was founded in 2015 by technology-industry executive Michael Marks and commercial real estate... View Details

Keywords: Business Startups; Insolvency and Bankruptcy; Entrepreneurship; Failure; Construction; Real Estate Industry; Technology Industry; United States

01 Jan 2013
News

Joanna M. Jacobson, MBA 1987

Jon accepted a position at Harvard Management Company in Boston, the pair commuted for nine months until Joanna relocated, eventually accepting a position as SVP of marketing for Converse, which was in bankruptcy at the time. "I had to... View Details

Keywords: Susan Young

January 2006 (Revised July 2016)
Case

Gordon Bethune at Continental Airlines

By: Nitin Nohria, Anthony Mayo and Mark Benson

A $385 million loss for the final months of fiscal year 1994 signaled Continental might go bankrupt. Could new CEO Gordon Bethune turn Continental around? Continental was in dire straits because the deregulation of the commercial airline industry in 1978 ushered in a... View Details

Keywords: Transformation; Insolvency and Bankruptcy; Profit; Leading Change; Organizational Change and Adaptation; Performance Improvement; Labor and Management Relations; Air Transportation Industry

April 2011 (Revised February 2016)
Case

Jamaica's Anemic Growth: The IMF, China and the Debt(th) Trap

By: Rafael Di Tella and Natalie Kindred

This case describes the economic development problems faced by the small Caribbean-island country of Jamaica over most of the past half-century. The Jamaican economy showed relatively strong growth in the 1960s but stagnated in the 1970s. By the end of that decade,... View Details

Keywords: Government Administration; Economic Slowdown and Stagnation; International Finance; Crime and Corruption; Poverty; Private Sector; Insolvency and Bankruptcy; Economy; Developing Countries and Economies; Borrowing and Debt; Jamaica

01 Dec 1998
News

Short Takes

managers' time to educate them, communicate with them, and develop informal relationships with them so those owners will have a better understanding of what the company is trying to do." Who Gets the Credit for Bankruptcy? The number of personal View Details

Keywords: Judith A. Ross

Portrait Project

Jocelyne Moyer

Bankruptcy is a word I learned very young. Bankruptcy is when a company's liabilities exceed its assets, so a process is used to sort everything out. But to me, bankruptcy is... View Details

01 Mar 2009
News

It’s the Economy

Detroit from imminent bankruptcy will be futile. see article HBS professor Peter Tufano makes the case for allowing Americans to automatically buy U.S. savings bonds with their tax refunds, building family and national savings in a time... View Details

Keywords: Finance; Administration of Economic Programs; Government

20 Feb 2013
Research & Ideas

Big Deal: Reflections on the Megamerger of American and US Airways

filed for bankruptcy protection in November 2011. For the smaller US Airways, it was a chance to bulk up to compete on an equal footing with the big domestic carriers on the tarmac, United and Delta. In their articles below, Harvard... View Details

Keywords: Re: Rosabeth M. Kanter & Stuart C. Gilson; Air Transportation

Walter R. Young, Jr.

When Young joined Champion Enterprises, the diversified housing and recreational vehicle company had just filed for Chapter 11 bankruptcy protection. In his first six months in office, he drastically reorganized the leadership structure.... View Details

Keywords: Construction & Real Estate

01 Oct 2021
News

HBS-Harvard Collaboration Fosters New Ventures

technology to erase debt CEO and cofounder Rohan Pavuluri (AB 2018) was inspired to launch Upsolve, which helps low-income and working-class families overcome financial distress, after learning that a bankruptcy lawyer costs a prohibitive... View Details

10 Feb 2015
First Look

First Look: February 10

Corporation, must decide whether to push JAL group, Japan's largest airline, into bankruptcy or to act as a sponsor in an out-of-court restructuring. The bankruptcy of JAL would be the largest ever for an... View Details

Keywords: Sean Silverthorne

18 Nov 2010
Research & Ideas

GM’s IPO: Back to the Future

On a journey that began 17 months ago, General Motors entered and emerged from bankruptcy to become a private company with Uncle Sam as its largest shareholder. The company reaches another milestone today by offering an initial public... View Details

Keywords: by Staff; Auto

2002
Chapter

Creditor Control in Financially Distressed Firms: The Empirical Evidence

By: S. C. Gilson and M. R. Vetsuypens

Keywords: Insolvency and Bankruptcy