Publications

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November 2002 (Revised January 2004)
Case

Gary Rodkin At Pepsi-Cola North America (B) (Abridged)

By: David A. Thomas, Gina Carioggia and Ayesha Kanji

After assuming the position of CEO of Pepsi-Cola North America (PCNA), Gary Rodkin faces organizational problems within PCNA and external friction between PCNA and its largest bottler, the Pepsi Bottling Group. In addition to the challenge of organizational alignment,... View Details

Keywords: Restructuring; Leadership; Brands and Branding; Problems and Challenges; Situation or Environment; Conflict Management; Alignment; Food and Beverage Industry; North America

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

24 Sep 2024
Research & Ideas

Why Small Businesses Deserve More Credit

investing, mostly through term debt. Debt capacity expansion led to firm growth, with profits increasing by 35 percent annually. Growth is even larger for firms further away from debt limits. Delinquency or debt restructuring rates didn’t... View Details

Keywords: by Rachel Layne; Financial Services; Banking

01 Mar 2019
News

A Wider Net

putting his ideas into action. At a high level, he has led a restructuring of the organization’s all-volunteer board, creating technical and commercial committees to focus on strategy and better involve the board members in the goal of... View Details

Keywords: Dan Morrell; Performing Arts, Spectator Sports, and Related Industries; Arts, Entertainment

01 Jan 2008
News

Anand G. Mahindra, MBA 1981

Harvard College. Instead, he opted for HBS and then a job in Mumbai with his father at Mahindra Ugine Steel (MUSCO). Soon after he arrived, the young Harvard MBA was called on to restructure and diversify MUSCO. That was the preparation... View Details

17 Jun 2008
First Look

First Look: June 17, 2008

ownership concentration affect the need for and process of corporate restructuring? This case provides students with an opportunity to analyze the restructuring of a Turkish multinational business group by way of a merger. Finansbank AŞ... View Details

Keywords: Martha Lagace

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

July 2009 (Revised March 2010)
Case

Sotheby's & Christie's Inc.

By: Ramon Casadesus-Masanell and Catherine Jane Wise

The fine art auction business has remained a duopoly over its 250 year history. The industry is dominated by Sotheby's and Christie's Inc. Curiously, neither competitor has been able to overtake the other by a notable margin despite the clear network effects of this... View Details

Keywords: Arts; Business Model; Restructuring; Economics; Auctions; Market Entry and Exit; Duopoly and Oligopoly; Operations; Competition

April 1993 (Revised December 1994)
Case

American Express TRS Charge-Card Receivables

By: Andre F. Perold and Kuljot Singh

American Express (TRS) Co. is considering a proposal to securitize a portion of their consumer charge-card receivables portfolio. In the past, they have relied exclusively on a captive finance subsidiary, Credco, to perform this function. The proposed securitization... View Details

Keywords: Credit Cards; Restructuring; Borrowing and Debt; Financial Management; Financial Strategy; Debt Securities; Travel Industry

15 Dec 2009
First Look

First Look: Dec. 15, 2009

explored in this paper. Restructuring Within an Academic Health Center to Support Quality and Safety: The Development of the Center for Quality and Safety at the Massachusetts General Hospital Authors:Richard Bohmer, Jonathan David Bloom,... View Details

Keywords: Martha Lagace

August 1988 (Revised August 1989)
Case

Poletown Dilemma, The

By: Thomas R. Piper

Senior management of General Motors must select a site for a new assembly plant to replace two plants located in Detroit. The economics strongly favor a site in an adjacent state. However, a relocation would have substantial, negative impact on the existing work force,... View Details

Keywords: Factories, Labs, and Plants; Business and Government Relations; Corporate Social Responsibility and Impact; Business Offices; Management Teams; Restructuring; Economics; Auto Industry; Michigan

Web

Rock 100: The Summit - Entrepreneurship

acquirer, [ask yourself] what would it take to make our company sucessful in their context. Make it easy for them We restructured ourselves before we were acquired into to different business units and all of a sudden we made sense to... View Details

01 Dec 2000
News

Books

new competitive era." Breaking the Code of Change Edited by Michael Beer and Nitin Nohria (Harvard Business School Press) With the restructuring and upheaval that has characterized life in the corporate world over the last two decades,... View Details

Keywords: Rogelio Fussa; Publishing Industries (except Internet); Information

01 Sep 2005
News

Predictable Surprises

of predictable surprises at the corporate level. United Airlines is one of many companies with serious pension-fund problems. You have to feel a little sorry for a new CEO who came on as part of a restructuring event and now has to take... View Details

Keywords: Deborah Blagg; Business Schools & Computer & Management Training; Educational Services

January 2001 (Revised March 2002)
Case

Ford Motor Company's Value Enhancement Plan

By: Andre F. Perold

In April 2000, Ford Motor Co. announced a shareholder Value Enhancement Plan (VEP) to significantly recapitalize the firm's ownership structure. Ford had accumulated $23 billion in cash reserves and under the VEP would return as much as $10 billion of this cash to... View Details

Keywords: Restructuring; Forecasting and Prediction; Capital Structure; Cash; Financial Liquidity; Policy; Business and Shareholder Relations; Value; Auto Industry

March 1995 (Revised April 1995)
Case

UAL Corporation

By: Stuart C. Gilson and Jeremy Cott

In the largest attempted employee-buyout in history, a large U.S. commercial airline seeks substantial wage concessions from its employees in return for 53% stake in the airline's commmon stock and guaranteed seats on the board of directors. Management must convince... View Details

Keywords: Restructuring; Corporate Governance; Labor; Wages; Management Teams; Employee Ownership; Business and Shareholder Relations; Strategy; Value; United States

March 2009
Background Note

Note on the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA)

By: Stuart C. Gilson

In 2005, new legislation was passed by the U.S. Congress and signed into law by the President that introduced a number of major amendments to U.S. bankruptcy law, affecting both business and consumer bankruptcies. This legislation, called the Bankruptcy Abuse... View Details

Keywords: Government Legislation; Restructuring; Personal Finance; Laws and Statutes; Insolvency and Bankruptcy; Corporate Finance

June 1997 (Revised February 2012)
Case

The Union Carbide Deal (Abridged)

By: Thomas J. DeLong

On November 3, 1986, after a three-hour board of directors meeting, Union Carbide decided to accept First Boston's proposal to embark on a $2.5 billion recapitalization program. Jameson and his associates' efforts had paid off. Jameson had reason to be excited: He had... View Details

Keywords: Restructuring; Capital Structure; Investment Banking; Financial Strategy; Partners and Partnerships; Competition; Financial Services Industry