Publications

August 2017
Case

Turkish Economy Bank and Fortis Bank: Managing a Complex Merger

By: Stuart C. Gilson, Esel Çekin and Sarah L. Abbott

Following the announcement of the merger of the Turkish Economic Bank (TEB) and Fortis Bank AS, Varol Civil, TEB's CEO, is faced with the task of executing the merger of these two entities. First, all parties must agree to the economic terms of this merger; a process... View Details

Keywords: M＆A; Turkey; Banking; Restructuring; Financial Institutions; Change Management; Mergers and Acquisitions; Banking Industry; Turkey

January 2001 (Revised May 2003)
Case

Novartis Pharma: The Business Unit Model

By: Srikant M. Datar, Carin-Isabel Knoop and Cate Reavis

In June 2000, Novartis reorganized its pharmaceutical business to form global business units in oncology, transplantation, ophthalmology, and mature products. The remaining primary care products continued to be managed within global functions (e.g., R&D and marketing).... View Details

Keywords: Restructuring; Recruitment; Product Marketing; Organizational Structure; Problems and Challenges; Health Industry; Pharmaceutical Industry

07 Apr 2009
First Look

First Look: April 7, 2009

out-of-court restructuring plan. The company, which has been attempting to restructure its debt and operations for the last ten years, faces a number of daunting challenges. Eurotunnel is jointly listed in... View Details

Keywords: Martha Lagace

23 Jun 2003
Research & Ideas

Psychology, Pathology, and the CEO

largely isolated from one another, and an inward focus among managers. Perpetual restructuring had created a culture of fear and had reduced employee initiative. When the new CEO asked executives individually to name the three people in... View Details

Keywords: by Rosabeth Moss Kanter

01 Sep 2008
News

Reality to News Biz: Drop Dead

the rarified New York Times from layoffs. Too often, restructuring begets thinner issues larded with generic newswire copy — hardly the recipe to bring back readership and ads. Fine, if all that won’t save us, then going wholeheartedly... View Details

Keywords: Roben Farzad; journalism; Publishing Industries (except Internet); Information

23 Apr 2008
Op-Ed

The Gap in the U.S. Treasury Recommendations

The U.S. Treasury recommendations for restructuring the nation's system of financial regulation are an important start in the process of strengthening the United States financial system. The proposal is to be commended for some of its... View Details

Keywords: by Dwight Crane; Banking; Construction; Real Estate; Financial Services

24 Jun 2002
Research & Ideas

Building ’Brandtopias’—How Top Brands Tap into Society

the brand's allegories in the society, as well as how they gain and lose value. Holt finds that the allegories play well in periods of ideological consensus, which may span anywhere from five to fifteen years. But then restructuring of... View Details

Keywords: by Martha Lagace

01 Apr 1997
News

Learning from the Past

led it back to profitability during the oil boom of the 1970s. By 1983, however, boom had turned to bust. After restructuring the company to a more suitable size, Strassler cashed out and helped his brother launch a family-run investment... View Details

Keywords: James E. Aisner

24 Jun 2014
First Look

First Look: June 24

clause in Argentinian sovereign debt instruments have generated considerable controversy. Some official-sector participants and academic articles have suggested that the rulings will disrupt or impede future sovereign debt restructurings... View Details

Keywords: Sean Silverthorne

02 Mar 2010
First Look

First Look: March 2

due to partial family ownership and a consolidating market for industrial gases. Aiming to make Messer Griesheim a more attractive potential acquisition, Messer Griesheim management had drawn up a restructuring plan as early as 2000. By... View Details

Keywords: Martha Lagace

2007
Chapter

Labor Market Regulations and European Restructuring: Evidence from Private Equity Investments

By: Ant Bozkaya and William R. Kerr

Keywords: Labor; Governing Rules, Regulations, and Reforms; Restructuring; Private Equity; Investment; Europe

February 2001
Case

Bang Networks, Inc.

By: Paul A. Gompers and Sergio Rattner

Bob Rosin, president and CEO of Bang Networks, must decide how much debt financing to take on. The company is a raw start-up and is considering taking on $10 million in debt. The firm has six offers and needs to identify the best one. View Details

Keywords: Business Startups; Restructuring; Decisions; Borrowing and Debt; Venture Capital

Find at Harvard

14 Mar 2007
Op-Ed

Government’s Misguided Probe of Private Equity

better investment decisions. Potential investors in young or restructuring firms frequently face a mass of confusing, even contradictory information. Syndication allows venture investors to get a valuable "second opinion" about... View Details

Keywords: by Josh Lerner; Financial Services

09 Jun 2003
Research & Ideas

Around the World of Entrepreneurial Ventures

neck," observed Kuemmerle. For him, Jinwoong also exemplifies what an entrepreneur can do to rescue a company by restructuring when such an exogenous shock occurs. Unlike many around the world, Jinwoong managed to successfully... View Details

Keywords: by Martha Lagace

August 2001 (Revised October 2001)
Case

Shinsei Bank (D)

By: Michael Y. Yoshino and Perry Fagan

One year later, Yashiro and his management team can be proud of the young bank's first-year results, but face a set of difficult implementation issues. View Details

Keywords: Financial Reporting; Restructuring; Management Systems; Management Teams; Success; Banking Industry

01 Sep 2004
News

HBS Clubs and Associations

of the Juvenile Justice Fund in Atlanta, which provides resources and services for youth and their families who are involved with the juvenile justice system. “I was able to come back and, with my case studies and notes as a guide, retool our strategic plan and View Details

Keywords: Margie Kelley; Religious, Grantmaking, Civic, Professional, and Similar Organizations; Personal Services

01 Oct 2002
News

Jeremiah P. Murphy, Jr.

its board of directors — a quirky but powerful 23-member group that includes 11 annually elected Harvard and MIT students — on a restructuring plan that eliminated most nonbook merchandise. Barnes & Noble's college division was invited to... View Details

27 Feb 2006
Research & Ideas

Corporate Values and Employee Cynicism

engaging in aggressive discounting, the price of butterfat had skyrocketed, and the CEO was coping with a brain tumor. Dreyer's senior executives decided that they needed to restructure the company financially. The day after they... View Details

Keywords: by Martha Lagace

April 2017
Teaching Note

Sesame Workshop: Bringing Big Bird Back to Health (Abridged)

By: Rosabeth Moss Kanter, Ryan Raffaelli, Ai-Ling Jamila Malone and Jonathan Cohen

Sesame Workshop was in the middle of a turnaround in 2016. CEO Jeff Dunn had reorganized and shifted the iconic institution to respond to digital disruption and a consensus culture. This Teaching Note helps instructors teach the abridged and full-length versions of... View Details

Keywords: Turnaround; NGO; Non-profit; Organization Alignment; Managing Change; Philanthropy; Media; Television; Reorganization; Talent; Innovation; Risk Aversion; Organizational Change and Adaptation; Change Management; Restructuring; Identity; Transformation; Education Industry; Media and Broadcasting Industry