HBSP (USA)
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Hess Corporation
Lorsch, Jay W.; Durante, KathleenCase HBS-413126-ELeadership and People ManagementOn January 29, 2013, Elliott Management, a hedge fund run by Paul E. Singer that owned 4.5% of Hess Corporation stock, put forward a slate of five independent directors it wanted elected to improve the company's performance. Elliott argued that Hess lacked focus and was distracted by ventures outside its core exploration and production business. Further it argued that John Hess, CEO and son of the founder, of being more interested in "maintaining...Starting at €8.20
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United Rentals (A) (Spanish Version)
Lorsch, Jay W.; Durante, Kathleen; McTague, EmilyCase HBS-414S08Leadership and People ManagementEn diciembre de 1997 Estados Alquiler (URI) se hizo pública en la Bolsa de Nueva York. Diez años más tarde, durante el pico de la crisis económica, el desempeño de la empresa estaba en declive. United Rentals había experimentado su cuota de problemas en los años anteriores y todavía se lucha por salir de esta confusión. En la primavera de 2008, la recesión había diezmado a la actividad principal de la empresa, alquiler de equipos de construcción....Starting at €8.20
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United Rentals (B) (Spanish Version)
Lorsch, Jay W.; Durante, KathleenCase HBS-414S09Leadership and People ManagementPara maximizar su eficacia, los casos de color deben imprimirse en color. En abril de 2012, Jenne Britell, el Presidente del Consejo de Administración de United Rentals, Inc. (NYSE: URI) estaba preparando sus notas para un próximo encuentro de los accionistas. Fue una reunión a diferencia de otras reuniones que había presidido. Accionistas estaban a punto de votar sobre una transacción que fue quizás el último cumplimiento de la visión original d...Starting at €5.74
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Carl Icahn and Clorox
Lorsch, Jay W.; Durante, KathleenCase HBS-412078-ELeadership and People ManagementThis case outlines the takeover attempt by activist investor, Carl Icahn, for the Clorox Company. The board of the company repeatedly rejected Icahn's offers as inadequate. He made three bids over the course of three months.Starting at €8.20
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United Rentals (A)
Lorsch, Jay W.; Durante, Kathleen; McTague, EmilyCase HBS-414043-ELeadership and People ManagementIn December 1997 United Rentals (URI) went public on the NYSE. Ten years later, during the peak of the economic meltdown, the company's performance was in decline. United Rentals had experienced its share of problems in the prior years and was still struggling to emerge from this turmoil. In the spring of 2008, the recession had decimated the company's core business, construction equipment rental. The economic downturn resulted in a significant d...Starting at €8.20
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Medtronic: Making the Big Leap Forward (A)
George, William W.; Baraldi, MonicaCase HBS-317031-EStrategyIn 2014, Medtronic was about to execute a $50 billion acquisition of Ireland-based Covidien. Medtronic CEO Omar Ishrak was committed to building the largest medical technology company in the world while broadening its ability to fulfill its mission of "alleviating pain, restoring health, and extending life" for millions more patients every year. The acquisition plan might change when, in September 2014, U.S. Secretary Jacob Lew issued new rules f...Starting at €8.20
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Medtronic: Making the Big Leap Forward (B)
George, William W.; Baraldi, MonicaCase HBS-317074-EStrategyOn December 1, 2014, Medtronic announced that it had completed a $17 billion bond sale to finance the Covidien acquisition, officially completed on January 26, 2015. Medtronic's legal headquarters moved to Ireland, while its operational headquarters remained in Minneapolis, Minnesota. In this case study, Medtronic CEO Omar Ishrak reflects back on the integration progress since the deal's completion and offers his perspective as a global leader.Starting at €5.74
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Accounting for the iPhone Upgrade Program (A)
Heese, Jonas; Palepu, Krishna G.; Sherman, H. David; Baraldi, MonicaCase HBS-117020-EAccounting and ControlOn September 9, 2015, Apple Inc. announced the "iPhone Upgrade Program," a new way to purchase iPhone models 6s and 6s Plus in Apple's retail stores throughout the U.S. Next to the strategic implications of the Upgrade Program, financial analysts tried toStarting at €8.20
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Accounting for the iPhone Upgrade Program (B)
Heese, Jonas; Palepu, Krishna G.; Sherman, H. David; Baraldi, MonicaCase HBS-117039-EAccounting and ControlIn October 2016, Apple Inc. announced the financial results for its fiscal year 2016. CEO Tim Cook commented on a very successful fiscal year 2016 and focused on all the positive financial results. However, Apple's 2016 annual report was also telling another story. Apple's total revenue had decreased 9% and iPhone revenue decreased 13% compared to the fourth quarter of fiscal year 2015. Apple also faced some criticism from consumers regarding the...Starting at €5.74
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Procter & Gamble
Lorsch, Jay W.; Durante, KathleenCase HBS-413127-ELeadership and People ManagementOn July 12, 2012, Bill Ackman's Pershing Square Capital Management announced publicly that it had purchased about $2 billion of Procter and Gamble (P&G) stock. Shares in the company closed up 3.75% the day the disclosure was made public. Ackman told the New York Times that Pershing would be a major P&G shareholder. ""We think it's an underrated stock,"" he said. ""We think there is a lot of great opportunity there."" During the next several mont...Starting at €8.20