Publications

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

February 2023
Case

Ransomware Attack at Springhill Medical Center

By: Suraj Srinivasan and Li-Kuan (Jason) Ni

In July, 2019, Springhill Medical Center (“SMC”) in Mobile, Alabama, fell prey to a malicious ransomware attack that crippled the hospital’s internal network systems and public-facing web page. While the hospital rushed to securely restore the network, medical... View Details

March 2023
Case

Ransomware Attack at Colonial Pipeline Company

By: Suraj Srinivasan and Li-Kuan Ni

On the morning of May 7, 2021, Colonial Pipeline Company became aware that the company had been the victim of a malicious ransomware attack that had stolen and locked up company data. The extortionists demanded 75 bitcoins (worth about $4.4 million at the time) in... View Details

Web

Sustainable Investing Course | HBS Online

Would Everfi Create Enough Impact? TPG Rise: Investment Result, Takeaways from the Rise Fund Show Hide Details Concepts Developing Impact Strategies Measuring and Accounting for Impact The Rise Fund: Impact Multiple of Money ESG View Details

18 Sep 2019
Op-Ed

WeWork—The IPO That Shouldn’t?

these companies to apply differing, i.e., lower, standards in terms of disclosure in an IPO. In my opinion, WeWork should be pilloried for exploiting these standards. There are numerous examples provided in our analysis, entitled Why... View Details

Keywords: by Nori Gerardo Lietz; Financial Services; Real Estate

August 2011 (Revised July 2012)
Case

Mike Mayo Takes on Citigroup (A)

By: Suraj Srinivasan and Amy Kaser

The case details the conflict between Mike Mayo, an influential banking analyst and Citigroup about what Mayo considers aggressive accounting policies. Mike Mayo questions Citigroup's lack of a valuation allowance against their Deferred Tax Assets despite Citi's recent... View Details

Keywords: Accounting; Taxation; Capital; Financial Reporting; Corporate Disclosure; Valuation; Banks and Banking; Financial Strategy; Money; Conflict Management; Capital Budgeting; Asset Management; Banking Industry

14 Jan 2014
First Look

First Look: January 14

http://www.hbs.edu/faculty/Publication%20Files/14-040_96933ceb-3097-4432-97d1-0b32625889f9.pdf January 2014 Harvard Business Review Building a Game-Changing Talent Strategy By: Ready, Douglas A., Linda A. Hill, and Robert J. Thomas... View Details

Keywords: Sean Silverthorne

21 May 2021
Blog Post

Alumni Spotlight: Cissy Chen (MBA 2019)

“Reimaging Capitalism” into practice by helping funds build investing strategies and philosophy around how they evaluate potential investments via a series of ESG ratings. I’m currently organizing a teach-in for the company management to... View Details

18 Mar 2014
First Look

First Look: March 18

the ratings. Our tests examine whether these forms of disclosure reflect firms' real efforts to combat corruption or are cheap talk. We find that the ratings are related to enforcement and monitoring, country and industry corruption risk,... View Details

Keywords: Sean Silverthorne

23 Apr 2013
First Look

First Look: April 23

implement principles of open and distributed innovation. Working Papers Competing with Privacy By: Casadesus-Masanell, Ramon, and Andres Hervas-Drane Abstract—We analyze the implications of consumer privacy for competition in the marketplace. We consider a market... View Details

Keywords: Sean Silverthorne

24 Nov 2003
Research & Ideas

Boards and Corporate Governance: A Balanced Scorecard Approach

time, managers and corporations seek capital for their ideas, but in doing so they have an inherent conflict of interest about what information to disclose. Therefore, for this complex system to work smoothly requires a governance system where standards setters and... View Details

Keywords: Re: Robert S. Kaplan & Krishna G. Palepu

07 Apr 2015
News

Warrior Spirit

officials, but the effort paid off. A confidentiality agreement prevents full disclosure of terms, but Sityodtong describes the government’s support as “heavy, heavy tax incentives” with rebates for achieving financial milestones that... 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

07 Sep 2011
First Look

First Look: Sept. 7

Abstract Two sets of studies illustrate the comparative nature of disclosure behavior. The first set investigates how divulgence is affected by signals about others' readiness to divulge. Study 1A shows a "herding" effect, such... View Details

Keywords: Sean Silverthorne

21 Apr 2009
First Look

First Look: April 21, 2009

reduced the costs of tenure insecurity. Download the paper: http://www.hbs.edu/research/pdf/09-023.pdf Responding to Public and Private Politics: Corporate Disclosure of Climate Change Strategies (revised)... View Details

Keywords: Martha Lagace

30 Jan 2020
Research & Ideas

The Upside of Highlighting a Product's Downsides

the positive effects of transparency—highlighting a possible tension between promotion-based strategies designed to influence and transparency-based strategies designed to inform. Competitive advantage... View Details

Keywords: by Danielle Kost

31 Jul 2012
First Look

First Look: July 31

improvement in operating performance aggravates the impact of internal disruptions but not external disruptions. By taking advantage of an exogenous policy shock regarding corporate disclosure rules, we also find that managers show... View Details

Keywords: Carmen Nobel

12 Nov 2021
News

Alumni Business Leaders on Confronting the Climate Change Challenge

climate risk disclosures and decarbonization strategies as must-haves for any company seeking to raise smart capital. It is telling that corporate net-zero pledges covered just 16 percent of the global... View Details

March 2023
Teaching Note

Ransomware Attack at Colonial Pipeline Company

By: Suraj Srinivasan and Li-Kuan Ni

Teaching Note for HBS Case No. 123-069. On the morning of May 7, 2021, Colonial Pipeline Company became aware that the company had been the victim of a malicious ransomware attack that had stolen and locked up company data. The extortionists demanded 75 bitcoins (worth... View Details