Publications

01 Apr 1998
News

Student Conferences Inspire Campus Dialogue

noteworthy. In a plenary session titled "The Economic Crisis in Asia," Sugisaki urged Asian authorities to lower barriers to trade and investment and to close insolvent financial institutions and restructure those that are weak. "The key... View Details

01 Jan 2003
News

Charles O. Rossotti, MBA 1964

harassed and humiliated by IRS employees. Congress responded by passing the IRS Restructuring and Reform Act, which called for both regaining taxpayers' confidence and collecting taxes more efficiently by overhauling the agency's... View Details

10 Jul 2000
Research & Ideas

Privatization and the New European Economy

efforts will be in the long run. "Under our system," he observed, "this is very difficult to do." In contrast, Paul Reutlinger has encountered no such hurdles at Sabena. Long known as Belgium's world airline, the company began to undergo a... View Details

Keywords: by James E. Aisner; Air Transportation; Transportation

01 Oct 1996
News

The Drive for Excellence: An Interview with Jim Henderson

today's global, competitive environment, restructuring is a way of life. Yet it can severely test what I believe is at the core of management-employee relations -- the notion of trust and fairness. It's important to be open and direct... View Details

25 Aug 2003
Research & Ideas

Studying Japan from the Inside

easier for me to approach Japanese companies. However, a small number of companies in the midst of restructuring declined to become the case site and said that they would like us to write cases when their companies' performance has... View Details

Keywords: by Cynthia Churchwell

November 2016 (Revised December 2020)
Case

Canada Mortgage and Housing Corporation in Motion

By: Boris Groysberg and Sarah L. Abbott

Evan Siddall, newly appointed CEO of Canada Mortgage Housing Corporation, a governmental organization focused on the residential housing market, is charged with leading change at the organization. The case follows this process of change step by step and looks at the... View Details

Keywords: Leadership, Personal Strategy ＆ Style; Government Organizations; Performance Management; Organizational Change And Transformation; Culture; Leading Change; Change; Organizational Change and Adaptation; Organizational Culture; Performance Evaluation; Government Administration; Risk Management; Restructuring; Leadership; Performance; Change Management; Financial Services Industry; Canada

November 1994
Case

Navistar International

By: Stuart C. Gilson and Jeremy Cott

As a consequence of laying off half its workforce in a massive downsizing program, the company--a large manufacturer of medium and heavy trucks--struggles with a huge ($2.6 billion) liability for retiree medical costs. Although the company has promised its retirees... View Details

Keywords: Negotiation Process; Wages; Labor Unions; Legal Liability; Insolvency and Bankruptcy; Restructuring

September 2021 (Revised June 2023)
Supplement

Serving Bud Moore (B)

By: David G. Fubini and Patrick Sanguineti

In only his third year at a Leading Strategy Consulting firm (LSC), Gregory Davis has been assigned to a select group tasked with advising General Motors (GM), one of the largest companies in the world by revenue, on how to reorganize their entire North American... View Details

Keywords: Decision Choices and Conditions; Relationships; Outcome or Result; Groups and Teams; Management Skills; Restructuring

19 Sep 2012
Research & Ideas

Funding Innovation: Is Your Firm Doing it Wrong?

the scale and resources of the corporate lab with some of the intensity and urgency associated with the venture capital model, you have something that can be very, very strong," Lerner says. The book describes how, in 2008, the pharmaceutical giant GlaxoSmithKline... View Details

Keywords: by Carmen Nobel

14 Oct 2009
First Look

First Look: October 14

unable to build on this legacy during the new wave of global banking that began in the 1960s with the advent of the Euromarkets. However, from the 1990s there was major restructuring and a much improved performance. The chapter explores... View Details

Keywords: Martha Lagace

13 Nov 2006
Research & Ideas

Science Business: What Happened to Biotech?

radical restructuring of the environment, as you suggest is necessary? A: It is starting to happen. I can't say who will win and who will lose. Firms that have some existing scale are better positioned to do the kind of integration I talk... View Details

Keywords: by Sean Silverthorne; Biotechnology

16 Jul 2024
Research & Ideas

Weighing Digital Tradeoffs in Private Equity

When private equity (PE) firms buy a company, they typically follow a standard playbook to create value—streamlining operations, restructuring debt, changing management, and cutting costs. However, as digital technologies and artificial... View Details

Keywords: by Michael Blanding; Financial Services

01 Mar 2004
News

Toy Story

sales and distribution operations to service the needs of large mass accounts. After considerable restructuring in 2002, Neurosmith was delighted when Target agreed to distribute its products and launch them in the fall of 2003. “For a... View Details

Keywords: Susan Young; toys; Amusement, Gambling, and Recreation Industries; Arts, Entertainment

March 2009 (Revised December 2009)
Case

Relational Investors and Home Depot (A)

By: Jay W. Lorsch and Kaitlyn Simpson

In 2006, amidst shareholder upset over CEO Robert Nardelli's compensation and Home Depot's declining stock price, Relational Investors decided to further investigate the situation. As experts in turning around underperforming and undervalued companies, Relational's... View Details

Keywords: Restructuring; Financial Management; Investment; Corporate Governance; Governing and Advisory Boards; Organizational Change and Adaptation; Ownership Stake; Business and Shareholder Relations; Corporate Strategy

01 Jun 2014
News

Ready for Takeoff

wanted more real-world responsibilities—implementing projects, managing larger groups, making an impact. She left Bain in 2005 for a job as strategic planning manager at Whirlpool. Tasked with turning around the business's cooking arm—think ranges and ovens—Sender and... View Details

Keywords: Dan Morrell; Air Transportation; Transportation

22 Apr 2008
First Look

First Look: April 22, 2008

crises, the Dasheng cotton mills became a state-owned enterprise in 1953. In the wake of the economic reforms, the successor to the original Dasheng Enterprise was restructured as the Jiangsu Dasheng Co. Ltd. in 1996. Issues of corporate... View Details

Keywords: Martha Lagace

December 2009 (Revised April 2022)
Case

Lyondell Chemical Company

By: Stuart C. Gilson and Sarah Abbott

Hit with an industry recession and the global financial crisis of 2008, in January 2009 LyondellBasell Industries AF S.C.A., one of the world's largest internationally diversified chemical companies headquartered in The Netherlands, placed its U.S. operations and a... View Details

Keywords: Restructuring; Financial Crisis; Borrowing and Debt; Capital Structure; Insolvency and Bankruptcy; Financing and Loans; International Finance; Crisis Management; Chemical Industry; Netherlands; United States

February 2003 (Revised May 2003)
Case

Mobile Energy Services Company

By: Benjamin C. Esty and Aldo Sesia

When Al "Chainsaw" Dunlap became CEO of the Scott Paper Co., the company owned a large, vertically integrated production facility in Mobile, Alabama. Dunlap sold part of the production facility, a cogeneration power plant (later known as Mobile Energy Services Co.), to... View Details

Keywords: Mergers and Acquisitions; Risk and Uncertainty; Contracts; Agreements and Arrangements; Investment; Projects; Vertical Integration; Energy Sources; Bonds; Ownership; Restructuring; Energy Industry; Alabama

Find at Harvard

November 2013
Supplement

Arch Wireless, Inc. (B): Food for Vultures

By: Stuart C. Gilson

In 2002, a hedge fund investor acquires the distressed bank debt of a bankrupt wireless paging company and converts his holding into common stock of the reorganized entity. Determining his likely return from this investment is challenging, given that the entire... View Details

Keywords: Bankruptcy Reorganization; Distress Investing; Capital Structure; Restructuring; Investment Funds; Insolvency and Bankruptcy; Borrowing and Debt; Wireless Technology; Telecommunications Industry