Publications

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June 1991 (Revised May 1992)
Case

Cumberland Worldwide Corp. (B)

Cumberland has been in Chapter 11 for 18 months and is trying to formulate a plan of reorganization that will satisfy a variety of claimants. Teaching objective: valuation and negotiation issues. View Details

Keywords: Negotiation; Valuation; Restructuring; Insolvency and Bankruptcy

20 Apr 2017
Blog Post

Why I Love My Job: Ching Ching Chen On Her Passion For the Music Industry

development of a business plan for his label, Kravenworks. Finally, I capped off the most epic summer internship I could’ve asked for with a week shadowing Steve Barnett at Capitol Records, and was lucky... View Details

Keywords: Entertainment / Media / Sports

March 2006 (Revised April 2006)
Case

International Place (A): Boston Real Estate Playoff

First International Place, one of Boston's premier office buildings, was the subject of a control contest in 2005, as the New York real estate firm Tishman Speyer purchased the mortgage on the property through a sealed bid auction process and then sought to foreclose... View Details

Keywords: Valuation; Mortgages; Auctions; Insolvency and Bankruptcy

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22 Feb 2022
News

Q&A: The Post-Pandemic Path

In the early months of the COVID-19 pandemic in the United States, Robin Greenwood, the George Gund Professor of Finance and Banking and Anne and James F. Rothenberg Faculty Fellow, saw another catastrophe... View Details

Keywords: April White

13 Nov 2018
First Look

New Research and Ideas, November 13, 2018

718-510 The Rise and Rise (?) of Walmart (B): Kmart Declares Bankruptcy This case follows up on the competition between Kmart and Walmart as discussed in the (A) case. It summarizes the companies' positions... View Details

Keywords: Dina Gerdeman

June 1991 (Revised February 1994)
Case

Transportation Displays, Inc. (A)

William Apfelbaum, president and CEO of Transportation Displays, Inc., must restructure both the company's method of doing business and its liabilities to keep it from bankruptcy. The value he hopes to receive from the reorganized company will be an important issue in... View Details

Keywords: Value Creation; Restructuring; Insolvency and Bankruptcy

November 1984 (Revised December 1988)
Case

Gulf Oil Corp.--Takeover

Gulf Oil was pressured into liquidation while under attack by Boone Pickens of Mesa Petroleum Co. Gulf management was unsure whether to sell out or take the firm private. A suitor, Standard Oil of California, tries to decide how much, if anything, to bid for the... View Details

Keywords: Insolvency and Bankruptcy; Bids and Bidding; Acquisition; Energy Sources; Energy Industry; United States

Keywords: Garry Emmons; Administration of Economic Programs; Administration of Economic Programs; Administration of Economic Programs; Administration of Economic Programs; Administration of Economic Programs; Administration of Economic Programs; Administration of Economic Programs; Administration of Economic Programs

24 Apr 2014
News

Understanding how trust impacts delivering superior performance

contracts rely on subjective measures of performance that cannot be fully specified or verified; they are understandings enforced by what Henderson terms “the shadow of the... View Details

Profile

Andres Sarmiento

Why was earning your MBA at Harvard Business School important to you? Working at American Airlines' through the bankruptcy process made me reconsider the form of impact that I intended to have. My career... View Details

Keywords: Entrepreneurship; Technology; Services

14 Oct 2014
First Look

First Look: October 14

October 2014 Review of Financial Studies Money Creation and the Shadow Banking System By: Sunderam, Adi Abstract—Many explanations for the rapid growth of the View Details

Keywords: Sean Silverthorne

22 Feb 2021
Blog Post

I Found My Future at HBS and You Can Too

perceived place in the world lurked in the shadows of my mind. Rather than frame my success as a fighter pilot as evidence of my worthiness, I compared my life experience to... View Details

22 Aug 2017
News

Thoughts on Charlottesville

outraged by what has transpired. Here at HBS, as members of a community committed to ensuring that everyone on our campus can and should thrive, we must guard against even a shadow View Details

01 Jun 2010
News

$how Me the Money

But bribery and corruption do more than divert wealth from legitimate commerce or investment in long-term growth: They help cement the power of corrupt regimes, institutionalize injustice, frustrate entrepreneurship, and undermine a... View Details

October 1997 (Revised January 2008)
Case

Asda (A)

By: Michael Beer and James Weber

In the mid-1980s, Asda was one of the most successful retail companies in the United Kingdom. By 1991, the chain of 200 grocery stores had a lack of direction, a demoralized workforce, declining profits, rising debt, collapsing stock price, and was facing bankruptcy.... View Details

Keywords: Restructuring; Insolvency and Bankruptcy; Crisis Management; Management Teams; Business Strategy; Retail Industry; Food and Beverage Industry; United Kingdom

12 Jul 2011
First Look

First Look: July 12

experiment to examine the effect of management fiduciary duties on equity‐debt conflicts. A 1991 Delaware bankruptcy ruling changed the nature of corporate directors' fiduciary... View Details

Keywords: Carmen Nobel

April 1991 (Revised July 1994)
Case

Southland Corp. (B)

By: Richard S. Ruback

Examines Southland's financial difficulties following the LBO in 1987 up to the first restructuring plan in July 1990. The teaching objectives are: to explore the complexities of a failed leverage buyout and the operating restrictions that result from financial... View Details

Keywords: Leveraged Buyouts; Restructuring; Equity; Insolvency and Bankruptcy; Financing and Loans; Crisis Management

June 1991 (Revised July 1993)
Case

Sunbeam Oster Co., Inc.

By: Steven R. Fenster

Japonica Partners, an investment firm, is trying to determine whether there is any unseen value in Sunbeam Oster Co., Inc., a Chapter 11 debtor. If there is, Japonica must consider the means by which they can acquire control of a company in Chapter 11. View Details

Keywords: Valuation; Insolvency and Bankruptcy; Acquisition; Financial Services Industry

January 2003 (Revised October 2012)
Case

Newport Creamery (A)

By: Paul Marshall and Todd Thedinga

Describes the operating challenges of Newport Creamery, a Rhode Island-based chain of ice cream restaurants. Profiles the company's transition from longtime family ownership to a real estate developer, the developer's expansion strategy, and the company's subsequent... View Details

Keywords: Family Business; Crisis Management; Insolvency and Bankruptcy; Food and Beverage Industry; Rhode Island