Describes Lake Nona, a 7,000-acre residential and research group in central Florida, and its culture of process and innovation, and the Lake Nona Institute, the organization behind the planning and management of this new green community. The focus is on institutional collaboration and governance decisions behind Lake Nona’s “Medical City” component. Five years after its …
A three-part, multi-issue bargaining exercise dealing with a possible merger between two department stores requested by an activist hedge fund investor in a letter to both companies. Management will now attempt to master the next steps that are complicated by weak buyout guarantees from their companies’ boards, hedge fund holdings in both companies, and potential …
On October 18, 2007, Ecuadorian President Rafael Correa announced his intention to convert Petrobras’ existing participation agreements to exploit oil reserves in Ecuador’s Blocks 18 and 31 into maintenance contracts under which Petrobras would pay a production fee and reimburse investment costs, but get them all back. Oil would belong to the government. Correa also …