The case begins with Said Darwazah, president and CEO of Hikma Pharmaceuticals, the multinational generics company, anticipating the company’s annual general meeting in 2017 and considering changes made the previous year to address the concerns of proxy advisors and some shareholders on Hikma’s dependence on a joint chairman. / CEO position, the long tenure of …
The CEO of a lubricants business unit in Mobil’s marketing and refining division in the United States initiated a project to develop a balanced scorecard (BSC) for his unit. The goal was to give all employees in the unit a focus to enable integrated action. After the unit scorecard was developed, the managing director asked …
Third in a series of PepsiCo offers for Quaker Oats. Describes the Quaker Oats auction, including the terms of the bids. After winning the auction, Coke’s stock price dropped dramatically. Coke’s board of directors later refused to approve the deal and withdrew. Quaker then approached Pepsi, the losing bidder, and asked them to make another …
A professional turnaround manager is trying to implement a global mass reduction program at the world’s largest manufacturer of tissue products. The plan is to lay off nearly a third of the company’s 34,000 hourly and salaried employees and dramatically change the company’s business focus through massive asset sales in less than a year.
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In early 2018, the time seemed to have come for Zenefits investor and director Lars Dalgaard to consider whether Zenefits had the right board of directors to accompany the company through the next phases of growth. The last few years have not been entirely Zen for the company, whose name is derived from the words …
Berkshire Hathaway is known to many as the investment vehicle of Warren E. Buffett. This reputation is partly well founded when the performance of the company’s investments under his leadership is considered. However, less attention has been paid to the success of Berkshire Hathaway’s management. In 2008, the diversity of businesses owned by Berkshire Hathaway …
Founders and their families can raise capital without giving up control of their businesses through the use of mechanisms such as two-tier shares, pyramid ownership, voting arrangements, and disproportionate representation on the board. The use of these mechanisms in public companies is widespread worldwide and in the United States. It is important to understand how …
Following a successful changeover and, more recently, a leveraged recapitalization, the management of a fast-growing and highly profitable outdoor advertising company must consider alternative ways to obtain cash flow from the business without jeopardizing the change or incurring significant tax obligations.
This case takes place in May 2016 and concerns the development of a corporate governance saga at Singapore Post Limited (“SingPost”), Singapore’s designated public postal license. The narrative begins in December 2015 when SingPost announced that it had not disclosed Lead Independent Director Keith Tay’s interest in a 2014 acquisition due to “administrative oversight” in …