Publications

01 Dec 2008
News

NYC Club Hosts Nonprofits

STRATEGIC ADVICE: HBS professor Michael Porter took a question before his presentation. What happens when you bring over 450 CEOs and presidents of New York City’s leading nonprofits together for a daylong educational summit? Answer: a lot of business card View Details

March 2005 (Revised December 2005)
Case

Morgan Stanley and TRAC-X: The Battle for the CDS Indexes Market

Morgan Stanley's credit derivatives business, specifically its collateralized debt obligation (CDO) business, has been hugely successful. One of its leading offerings is the TRAC-X product, jointly created and marketed by Morgan Stanley and JP Morgan. However, a new... View Details

Keywords: Credit Derivatives and Swaps; Product; Competition; Capital Markets; Financial Services Industry

Find at Harvard

01 Sep 2015
News

3-Minute Briefing: Fred Newman (MBA 1978)

Video Embed How “the human fly” saved Newman from a cold call. I wasn’t unique as a kid. In small-town Georgia, all the guys did sound effects. We’d swap them like baseball cards: Show me how to do a finger whistle, and I’ll show you how... View Details

Keywords: April White

May 2005 (Revised December 2005)
Case

Nexgen: Structuring Collateralized Debt Obligations (CDOs)

A client asks Luc Giraud, CEO of the structured finance solutions provider Nexgen Financial Solutions, to put together a solution that allows the client to add AAA-rated bonds to its portfolio. The client cannot find suitably priced top-rated bonds in the market and... View Details

Keywords: Credit Derivatives and Swaps; Risk and Uncertainty; Debt Securities; Bonds; Financial Services Industry

20 Oct 2017
Blog Post

Taking Care to Prepare Leaders: Lessons in Leadership Development from DaVita Kidney Care

that many companies don’t do much after the program,” she says. “Bring participants together, perhaps quarterly or at least twice a year, to swap stories and trade ideas. These sessions not only reinforce bonding, but signal to everyone... View Details

Keywords: Health Care

21 Nov 2005
Research & Ideas

Making Credibility Your Strongest Asset

said yes. Once Rovell recruited a celebrity, that person often would cheerfully give him another star's direct line. Rovell quickly built an impressive Rolodex. You can succeed without explicitly swapping favors. Tapes of the show... View Details

Keywords: by Michael Wheeler

03 Nov 2015
Blog Post

Siblings at HBS: Katie and Tyler Harris

HBS for the Harris sisters. These days the sisters can be found comparing case notes, swapping fashion advice (they live next door to each other), and engaging in the occasional friendly game of tennis (the loser always buys the... View Details

January 1983 (Revised February 1988)
Case

Hospital Corp. of America (B)

By: W. Carl Kester

Focuses on HCAs financing options for reaching its target capital structure. The options include new equity conversion of convertible debentures, a debt-for-equity swap, the sale of assets, and fixed-rate debt. Students must address the problem of market timing and... View Details

Keywords: Assets; Capital Structure; Cash Flow; Equity; Debt Securities; Credit Derivatives and Swaps; Health Industry; United States

January 2008
Background Note

Collateralized Debt Obligations (CDOs)

By: Joshua Coval and Erik Stafford

This lesson integrated Merton's (1974) contingent claims model of debt and equity claims with the CAPM, which allows us to examine the risks and pricing of credit portfolios and the derivative claims issued against them. In particular, this model is used to make... View Details

Keywords: Decision Choices and Conditions; Borrowing and Debt; Credit Derivatives and Swaps; Investment Portfolio; Risk Management

18 Apr 2017
First Look

First Look at New Ideas, April 18

and the Array of Things: A Fitness Tracker for the City No abstract available. Purchase this case: https://cb.hbsp.harvard.edu/cbmp/product/517044-PDF-ENG Harvard Business School Case 217-050 Exotic Interest Rate Swaps: Snowballs in Portugal This case explores a... View Details

Keywords: by Sean Silverthorne

September 1994 (Revised April 1995)
Case

Banque Paribas: Paribas Derives Garantis

In March 1993, the management of Paribas Capital Markets is making a final review of the proposal to set up Paribas Derives Garantis (PDG), a special-purpose subsidiary of Compagnie Financiere de Paribas (CFP), that would guarantee derivative products offered by Banque... View Details

Keywords: Credit Derivatives and Swaps; Business Subsidiaries; Banks and Banking; Financial Services Industry

Find at Harvard

30 Apr 2001
Research & Ideas

New Paths to Success in Asia

(Nolan will document management lessons from the recent experience of dot-com companies in a forthcoming book, dot vertigo.) An interest in the concept of mentor capitalism brought HBS Professor Dorothy A. Leonard and Professor Walter View Details

Keywords: by Alejandro Reyes & Deborah Blagg

31 Aug 2021
Blog Post

Exploring the Art of Business: Social Enterprise Summer Fellow Felipe Ceron (MBA 2022)

answering that question five years from now. At this point, I decided the best I could do was work in a role that is at the intersection of my professional skills and personal interests. I usually bet more on what I think than what I feel, but for my summer internship,... View Details

January 2013 (Revised April 2017)
Supplement

Maxum Petroleum, Inc.

By: W. Carl Kester

Maxum seeks an oil-price hedging strategy that yields substantial cash during oil price spikes, is affordable under ordinary circumstances, and is easily managed. It is striving to avoid a repeat of the challenging situation encountered in 2008 when spiking oil prices... View Details

Keywords: Hedging; Options; Commodities; Credit Derivatives and Swaps; Risk Management; Futures and Commodity Futures; Financial Strategy; Volatility