HBSP (USA)
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Malcolm Life Enhances Its Variable Annuities
Pozen, Robert C.; Pearlman, David J.Case HBS-311041-EThe case involves an insurance CEO choosing between different designs for a variable annuity product in light of hedging, marketing, and pricing issues. The case provides students with background on the economics and regulation of life insurance and variable annuities. Then it asks students to calculate the returns on capital of different product designs for a variable annuity based on specified assumptions including a range of hedging scenarios.Starting at €8.20
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Note on U.S. Pension Accounting
Pozen, Robert C.; Khurana, BrijCase HBS-311115-EFinanceThe purpose of this note is to describe the manner in which publicly traded corporations and local governments in the United States account for their pension plans.Starting at €8.20
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Exchange-Traded Funds at Vanguard (B)
Pozen, Robert C.; Vickers, StevenCase HBS-311135-EStrategySupplementary material for 311-134Starting at €5.74
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Credit Rating Agency Reform in the US and EU
Pozen, Robert C.; Conroy, BrianCase HBS-312127-EEconomicsThe purpose of this note is to explore reform options for the credit rating industry. The note examines the ways in which credit rating agencies contributed to the recent financial crisis, particularly through ratings of securitized products and sovereign debt. It further describes changes already enacted by the US and the EU, as well as other reform proposals considered by lawmakers.Starting at €8.20
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Choosing a Charitable Giving Vehicle
Pozen, Robert C.; Desai, Mayur; Graul, Maura A.Case HBS-314073-EAccounting and ControlElaine White is an accountant advising two couples, the Carsons and the Bradleys, regarding their charitable giving options and related tax strategies. The Carsons are an upper-middle class family with $295,000 in income, a moderate amount of deductions, and straightforward charitable giving objectives. The Bradleys are a wealthy couple with substantial assets, a more complex tax situation, and a desire to control the timing and recipients of the...Starting at €8.20
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Corporate Reform Elements of the Dodd-Frank Act
Pozen, Robert C.; Andrews, Phillip; Lane, DavidCase HBS-311091-EThis note summarizes the four major changes affecting corporate governance that were made by the Dodd-Frank Act of 2010. These changes relate to: advisory notes by shareholders, refinements to board structure, non-disclosure on compensation and tightening up of certain enforcement provisions.Starting at €8.20
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Note on Pension Guarantee Funds
Pozen, Robert C.; Higgins, Patricia BissettCase HBS-313139-EFinanceThe United States and the United Kingdom both had quasi-government agencies that provided back-up insurance for individuals participating in defined benefit ("DB") pension plans. This note compares and contrasts the United Kingdom's Pension Protection Fund ("PPF") with the United States' Pension Benefit Guaranty Corporation ("PBGC") to illustrate the implications of poorly designed policy structures (the PBGC) in contrast to those created by well...Starting at €8.20
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Advising Families on Estate Planning
Pozen, Robert C.; Goodman, Lucas W.Case HBS-314088-EAccounting and ControlSean Warrick is an estate planning adviser at Hellwig & Macon. He is preparing for meetings with two clients. His first clients are Peggy and David Bartley, a professional married couple of moderate wealth. His second clients are Ray and Michelle Polanski, a couple that married late in life and had highly asymmetrical wealth and age. In the case, Warrick is reading a report written by Peter Sullivan, a top estate planning adviser, which considers...Starting at €8.20
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Legislative Choices for U.S. Corporate Tax Reform
Pozen, Robert C.; Lonstein, EricCase HBS-314090-EEconomicsThis case asks students to wear the hat of a policymaker to explore the politically charged issues around corporate tax reform in the U.S.Starting at €8.20
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Bank of America Acquires Merrill Lynch (A)
Pozen, Robert C.; Beresford, Charles E.Case HBS-310092-EOn December 22, 2008, Bank of America (BofA) chairman and CEO Ken Lewis convened a special board of directors meeting to review his company's pending acquisition of investment bank Merrill Lynch. Negotiations for the acquisition had begun a few months earlier, during the disastrous week in September in which Lehman Brothers declared bankruptcy. Initially both Merrill and BofA viewed their agreement favorably, but in the intervening months, as Mer...Starting at €8.20