In 2014, the board of directors of Allergan Inc. received a surprise takeover offer from Valeant Pharmaceuticals in association with hedge fund activist Bill Ackmans Pershing Square Capital Management. In the unprecedented deal between a buyer and a hedge fund activist, Pershing Square had tacitly accumulated a 9.7% stake in Allergan prior to the Valeant …
One Acre Fund, a young, international, non-profit social enterprise run by friends of the founder, had grown rapidly since its inception. You now face a growing demand for key resources and connections with key potential donors, expertise in terms of scaling up and managing expansion. The case presents this problem that new nonprofits often face …
A private company is considering an introduction of a longrun incentive compensation system in which payoffs to managers are determined by the economic value added for shareholders by their individual business units. The proposed new system is compared to a number of earlier incentive schemes utilized by the firm.
In 2019, after a year in this role, H. Lawrence Culp Jr., the first outside CEO of General Electric Company (GE), was faced with the task of gaining the exchange’s confidence in his ability. to GE around. During the tenure of its two predecessors (2001-2018), GE’s share price had dropped significantly and investors were concerned. …
Case B describes the digital transformation process that GroupM India undertook from 2013 to 2016. To respond to the product, profile, partnership and people challenges identified in Case A, the company identified the customer orientation and flexibility as two “tasks” that must be prioritized. GroupM focused on creating end-to-end media solutions, targeting new business customers …
The case traces Yes Bank’s rapid evolution from a new private bank in 2003, seen a decade later as a very successful midsize bank, to significant governance challenges that eventually resulted in burgeoning distressed assets (NPAs) and a possible collapse that required a government bailout. . He also briefly goes into the details of the …
Describes the design and implementation of a bonus plan for video store managers. The problem for the chain’s top management is getting store managers to “push themselves”, keep business orderly and organized, and be courteous and efficient with customers. The design of the bonus plan is simple: Instead of trying to measure the neatness of …
The case revolves around actions taken by Barbara Novick, Blackrock Co-Founder and Vice President, and Michelle Edkins, Global Chief Investment Officer, in response to controversial letters from Laurence (Larry) Fink CEO, President and CEO from BlackRock, I would have to take. Fink’s letters focused on the importance of corporate purpose and investment when considering environmental, …
During the first decade of the 21st century, Crandall University, a private Christian liberal arts college in Moncton, NB, Canada, experienced significant growth in enrollment and administrative structure. If We Build It, They Will Come: Governance’s Role in Expansion Decisions at Crandall University explores the dilemma faced by a member of the university’s Board of …
It describes a thinly veiled situation facing a recent Harvard MBA graduate who was forced by a potential employer to put a dollar value on stock options. There are two objectives: 1) To serve as an introduction to option pricing, giving students the opportunity to use market data to evaluate an option in a realistic …