Publications

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April 1993 (Revised October 1995)
Case

American Barrick Resources Corporation: Managing Gold Price Risk

Managing the risk of changing prices of gold is central to the business strategy of American Barrick Resources Corp., one of North America's largest and most successful gold-mining firms. The case contrasts this firm's hedging policies with those of its rivals that do... View Details

Keywords: Risk Management; Business Strategy; Mining; Mining Industry; United States

April 1993 (Revised October 1995)
Case

ALZA and Bio-Electro Systems (A): Technological and Financial Innovation

To develop the next generation of risky products, ALZA, a mature and profitable biotechnology firm specializing in drug delivery systems, must raise $40 million. Organizational constraints and competitive concerns demand that the work be done inside the firm. However,... View Details

Keywords: Risk and Uncertainty; Technological Innovation; Business Subsidiaries; Decision Choices and Conditions; Corporate Finance; Biotechnology Industry; Medical Devices and Supplies Industry

April 1993 (Revised February 1996)
Supplement

ALZA and Bio-Electro Systems (B1): Rights Offering Strategy

Supplements the (A) case. Describes the CEO's decision. View Details

Keywords: Strategy; Intellectual Property

April 1993 (Revised February 1996)
Supplement

ALZA and Bio-Electro Systems (B2): The Rights Offering

Supplements the (A) case. Describes the implementation of the CEO's decision. View Details

Keywords: Intellectual Property

April 1993 (Revised February 1996)
Supplement

ALZA and Bio-Electro Systems (C): 1988-92

Supplements the (A) case. Describes the aftermarket performance of the units. View Details

Keywords: Performance

March 1993 (Revised July 2008)
Case

Liability Management at General Motors

An analyst at General Motors charged with managing the structure of the automaker's debt must decide whether and how to modify the interest rate exposure of the firm's most recent debt offering. The analyst must take into consideration GM's liability management policy... View Details

Keywords: Borrowing and Debt; Capital Structure; Financial Management; Interest Rates; Risk Management; Auto Industry; North America

January 1993 (Revised August 2003)
Case

Sally Jameson: Valuing Stock Options in a Compensation Package

Details a thinly disguised situation faced by a recent Harvard MBA graduate who was forced by a prospective employer to place a dollar value on a grant of stock options. There are two objectives: 1) Serves as an introduction to option valuation, in which students have... View Details

Keywords: Valuation; Stock Options; Compensation and Benefits

June 1992 (Revised June 1995)
Case

RJR Nabisco Holdings Capital Corp.--1991

An investment manager notices a large apparent discrepancy in the prices of two nearly-identical bonds issued in conjunction with a major leveraged buyout. The manager must figure out whether the instruments are mispriced relative to one another, and if so, how to... View Details

Keywords: Asset Management; Financial Instruments

February 1992 (Revised September 1995)
Case

Goldman, Sachs & Co.: Nikkei Put Warrants--1989

Japanese financial institutions' willingness to sell put options on the Nikkei Stock Average provides investment banks with the raw material from which to create a security that would allow U.S. investors to bet on falls in the Japanese Stock Market. The investment... View Details

Keywords: Debt Securities; Investment Banking; Product Design; Globalized Markets and Industries; Japan; United States

November 1990 (Revised June 1995)
Case

Shearson Lehman Hutton, Inc. (A): Entry into the Covered Warrant Business

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November 1990 (Revised May 1996)
Case

Shearson Lehman Hutton, Inc. (B): Euromarket Covered Warrant Execution

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June 1989 (Revised November 1991)
Supplement

Ingersoll-Rand (C): Managing Multiple Channels--1987

By: V. Kasturi Rangan

Describes the actions taken by Peter Baldwin to address the issues. View Details

Keywords: Industrial Products Industry

July 1985 (Revised July 1990)
Case

Atlantic Corp.

Two forest products manufacturers negotiate the sale of a group of assets. ACRS would allow the buyer to rapidly depreciate the stepped up basis to justify a high valuation. The seller recently paid greenmail, and this transaction may be linked to its desire to avoid... View Details

Keywords: Assets; Negotiation; Acquisition; Forest Products Industry

Research Summary

Mastering Strategy Execution

By: Robert Simons

Professor Robert Simons’ research encompasses three areas of management accountability that are the foundation for successful strategy execution: organization design, performance measurement and control, and risk management. In addition, Simons is interested in the... View Details

Teaching Interest

Overview

Tufano is the convener for an innovative global doctoral reading group, The Financial Economics of Climate and Sustainability (FECS). This novel course, taught with professors from Yale, Columbia, Stanford, Texas, Imperial, NYU, Mannheim, and Oxford brings together... View Details

Research Summary

Overview