Rajiv Lal, Nitin Nohria, Leslie J. Freeman
Harvard Business School (503112-PDF-ENG)
June 25, 2003
Three Peabody Simpson executives had just returned from a company-wide recruiting event at Columbia University and had argued together since they were all alumni. They regretted having to provide their department heads with revised forecasts before the weekend. Alec Hastings, director of Global Institutional Securities, wanted an update on spending for the year to date. They sat at his favorite pub to discuss the challenge of cutting $ 600 million from the operating budget.
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