PolyMedica Corp. (A)

The Securities and Exchange Commission and investors provide the practice of PolyMedica Corp.

Disctech, Inc.

Describes a business that has had trouble with fraudulent financial reports. It provides an opportunity in such circumstances to discuss the roles of senior management, financial management, internal and external auditors, and the audit committee of the Board of Directors. The issues relate to early revenue recognition, insufficient reserves for inventory obsolescence, and possible insider …

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KTM – Venture Capitalist Exit

KTM is a small motorcycle manufacturer based in Austria. Due to the difficult economic environment, KTM went private in 1999 with the help of venture capital firm BC European Capital (BC). After several years of strong growth, BC tries to liquidate its position and move on. KTM faces the decision to find the best means …

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Duckworth Industries, Inc.–Incentive Compensation Programs

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.

Crescent Standard Investment Bank Limited – Governance Failure

Crescent Standard Investment Bank Limited (CSIBL) was the largest investment bank listed on all Pakistani stock exchanges. There were some rumors that all was not well and that the investment banking regulator, the Securities and Exchange Commission of Pakistan (SECP), had sent a team to investigate the bank’s affairs. Since the main shareholders were individuals …

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KKR-The Dollar General Buyout

Dean B. Nelson, a prominent KKR adviser, just had a meeting with the Dollar General board of directors about KKR’s intention to privatize Dollar General. At the meeting, Nelson felt that Dollar General was very receptive to the deal, particularly on the terms he proposed. Nelson was excited about this potentially lucrative LBO deal and …

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The Merger of Hewlett-Packard and Compaq (A): Strategy and Valuation

In 2002, an asset manager considered how to vote his stake in HewlettPackard on the proposal to merge with Compaq. Case (A) contains information on the strategic and financial rationale for the merger. Includes comprehensive reviews from HP and Compaq, as well as detailed summaries from prominent advocates (Carly Fiorina) and critics (Walter Hewlett). The …

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Looking for Opportunity in Adversity: Iqbal Quadir and Grameenphone (A)

Iqbal Quadir, a former New York investment banker, set out to bring universal telecommunications to his native Bangladesh. He believed that GSM, the same advanced wireless technology that was making its way in the developed countries of Europe, was the right solution for Bangladesh. He brought together a core group of partners in one company, …

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