Equity Cash Flows - Publications - Faculty & Research

January 2017
Case

The Six CEOs of Tyco International Ltd.

By: John R. Wells and Gabriel Ellsworth

In September 2016, Johnson Controls, Inc. completed the acquisition of Tyco International PLC, a $9.9 billion business with operating profits of $884 million. The purchase consideration was $14.4 billion. Although the deal was billed as a merger, Ireland-based Tyco... View Details

Keywords: Tyco; Dennis Kozlowski; Edward Breen; Fire Safety; Fire Protection; Security; Packaging; Securities And Exchange Commission; Fraud; Accounting; Accounting Audits; Earnings Management; Financial Statements; Goodwill Accounting; Acquisition; Mergers and Acquisitions; Business Conglomerates; Business Divisions; Business Exit or Shutdown; Business Growth and Maturation; Business Headquarters; Business Model; Business Organization; For-Profit Firms; Restructuring; Crime and Corruption; Engineering; Applied Optics; Chemicals; Construction; Metals and Minerals; Ethics; Finance; Cash Flow; Public Equity; Stock Options; Financing and Loans; Initial Public Offering; Profit; Revenue; Geographic Location; Geographic Scope; Global Range; Globalized Firms and Management; Multinational Firms and Management; Corporate Accountability; Corporate Disclosure; Health Care and Treatment; Business History; Executive Compensation; Selection and Staffing; Courts and Trials; Lawfulness; Lawsuits and Litigation; Business or Company Management; Goals and Objectives; Growth and Development Strategy; Market Entry and Exit; Public Ownership; Problems and Challenges; Strategy; Business Strategy; Competition; Competitive Strategy; Competitive Advantage; Consolidation; Corporate Strategy; Diversification; Expansion; Horizontal Integration; Value; Chemical Industry; Construction Industry; Consumer Products Industry; Electronics Industry; Energy Industry; Industrial Products Industry; Manufacturing Industry; Medical Devices and Supplies Industry; Mining Industry; Pharmaceutical Industry; Semiconductor Industry; Telecommunications Industry; Utilities Industry; Republic of Ireland; Switzerland; Bermuda; United States; New Hampshire

Citation

Educators

Purchase

11 Aug 2003
Research & Ideas

Why Budgeting Kills Your Company

profitability, cash flow, and capital investment. But this information is enough to enable managers to focus on long-term issues that are fundamental to the business's success—for example, why customers are leaving or what's wrong with a... View Details

Keywords: by Loren Gary

Profile

Ahmed Alimi

business model diamond - value proposition, route-to-market, technology & operations model, and cash flow formula – all in just five days." Though Ahmed dropped off the team after the Bootcamp, it... View Details

Keywords: Consulting; Financial Services

26 Nov 2001
Op-Ed

Why Corporate Budgeting Needs To Be Fixed

This results in an overstatement of earnings and cash flows for many companies and an exaggeration of the extent of the good times. Conversely, during the early stages of an economic slowdown, as demand... View Details

Keywords: by Michael C. Jensen

January 2021
Case

Bespoken Spirits: Disrupting Distilling

By: Benjamin C. Esty and Daniel Fisher

On October 7, 2020, Bespoken Spirits publicly announced it had received $2.6 million of seed funding for its “sustainable maturation process,” a process that could produce award-winning whiskeys in just days rather than years using a novel technology and data science. ... View Details

Keywords: Business Ventures; Business Strategy; Competitive Advantage; Disruption; Entrepreneurship; Environmental Sustainability; Cash Flow; Disruptive Innovation; Innovation Strategy; Brands and Branding; Business Model; Consumer Products Industry; Food and Beverage Industry; Service Industry; United States; California

Citation

Educators

Purchase

07 Apr 2015
News

Warrior Spirit

day. At that point, Sityodtong learned he had been accepted to HBS. A 1994 econ grad from Tufts University with experience working as an equity associate at Fidelity, he fit the profile of an MBA student. But making the decision to come... View Details

Keywords: Julia Hanna; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment; Amusement, Gambling, and Recreation Industries; Arts, Entertainment; Technical and Trade Schools; Educational Services

28 May 2020
Research & Ideas

Coronavirus Could Create a 'Bankruptcy Pandemic'

With a pandemic temporarily closing many businesses and stifling consumer demand, whole industries, especially those that recently leveraged their balance sheets to take advantage of near-zero interest rates, are seeing their profits disappear virtually overnight,... View Details

Keywords: by Dina Gerdeman; Financial Services; Banking

31 Jul 2017
HBS Case

It’s Hard to Fix the Family Business Without Offending the Family

business is doing,” says Schlesinger. (An electronic point-of-sale register, purchased through a Vietnamese connection and installed in 2014, is rarely used, the case notes.) Furthermore, Than is more interested in protecting his cash... View Details

Keywords: by Julia Hanna; Food & Beverage

Web

Sexual Harassment & Other Sexual Misconduct | About

Academic Services, Batten Hall Liza Nascembeni, Title IX Resource Coordinator for Executive Education and HBS Online Participants , (617) 496-0871, lnascembeni@hbs.edu Executive Education, Cash 307 Cara Sterling, Title IX Resource... View Details

01 Feb 2002
News

It's academic. (Not!)

always rule. "If the CEO is overconfident, he will feel undervalued by the equity market, and an equity issue will seem too expensive," she observes. "An overconfident CEO will therefore end up investing... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services

11 Jul 2023
Blog Post

Second Life: Reflections on Complementing Success with an Encore Career

formed a boutique, “CFO for hire” firm called “C-Street” that built a book of small business clients eager for seasoned financial expertise. Word spread and soon, Kloeblen was leading a small network of freelance CFOs. Then he got a call from a large private View Details

20 May 2022
Blog Post

Nucleate Eco: Connecting Aspiring MBA Entrepreneurs with Cutting Edge Climate Research

scientists in the early stages of deploying their research dramatically increases the number of ‘shots on goal’ we collectively get to tackle climate change. What is unique about the program? Sutton: Several things! First off, we’re entirely student lead and run as... View Details

12 Nov 2021
News

Alumni Business Leaders on Confronting the Climate Change Challenge

even just stay out of trouble, your organizations need to bake sustainability into the core of what you do. You don’t have far to look to see where growth will come from in the coming decades. Year to date, sustainable US equity funds... View Details

02 Aug 2021
Research & Ideas

What If Closing the Wage Gap Means Everyone Earns Less?

laws that seek to give workers more bargaining power by requiring companies to disclose employee salaries. However, opening up the books for all to see has put 2 to 3 percent less cash in workers’ pockets, at least in the US private... View Details

Keywords: by Avery Forman

16 Mar 2020
Research & Ideas

How the Coronavirus Is Already Rewriting the Future of Business

industry at large, are losing revenue and cash flow that will be difficult to replace. Manufacturers can run overtime and make up for lost production and fill pent-up demand, but services demand is... View Details

Keywords: by Dina Gerdeman

22 Feb 2022
News

New Urban Order

dispose of waste in a landfill. By mandating recycling, as some states have done, you’re guaranteeing a certain volume will flow into processing facilities. There’s a return on investment.” One piece of the puzzle will fall into place... View Details

Keywords: Kathleen Fu, Deborah Blagg, Julia Hanna, and Maureen Harmon; illustrations by; energy; environment; sustainability; entrepreneurship; Transit and Ground Passenger Transportation; Transportation; Water, Sewage and Supply Systems; Utilities; Construction of Buildings; Construction; Waste Management and Remediation Services; Corporate Services

Web

Harvard Business School

Building on the Legacy Thought Leadership Andrew F. Brimmer James I. Cash Jr. Linda A. Hill David A. Thomas HBS Faculty Members HBS Doctoral Students Alumni Profiles Research Links Essay on HBS Thought Leadership Early AASU documents... View Details

18 Jan 2018
News

The Lessons of All-Day Breakfast

at the financial results. So the sales, the guest counts, and the gross margin cash flow implications. And in all cases, this was really a very positive impact. The business case was relatively... View Details

Keywords: Food Services and Drinking Places; Hospitality

Web

Frequently Asked Questions | HBS Online

60-hour online certificate program from Harvard Business School. This course teaches the fundamentals of financial accounting from the ground up. Participants learn how to prepare and interpret financial statements—the balance sheet, income statement, and View Details

10 May 2020
Blog Post

Let’s Hear it For the Moms – The Incredible Balancing Act of Student Mothers

Shanghai someday and tell him that he was in my belly! Gaby Goldstein | Class of 2020 Little(s): Theodore (1 month) Pre-HBS Industry: Tech Proudest Accomplishment: My proudest accomplishment during my time at HBS has definitely been serving as the Student Association... View Details

Publications