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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Eddie Bauer (B)
Healy, Paul M.; Katz, Sharon; Sesia, AldoCase HBS-110009-EAccounting and ControlIn February 2007, shareholders of Eddie Bauer, the specialty apparel retailer, were scheduled to vote on management's proposed sale of the company to two private equity firms. More than 50% of outstanding shares in Eddie Bauer needed to be voted in favor of the deal for it to be finalized. Shareholders needed to decide whether to vote for or against the proposed sale, which was fully endorsed by the board of Eddie Bauer.Starting at €5.74
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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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Eddie Bauer (A)
Healy, Paul M.; Katz, Sharon; Sesia, AldoCase HBS-110008-EAccounting and ControlIn June 2005, Eddie Bauer, the specialty apparel retailer, emerged from bankruptcy. Under the plan of reorganization former creditors converted their debt into common shares, taking 100% ownership in the reconstituted company. Large banks -- including Bank of America and J.P. Morgan Chase -- were among the former creditors. In October 2005, Eddie Bauer stock was selling for $24 per share. Analysts were projecting target prices ranging from $22 to...Starting at €8.20
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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
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United Rentals (B)
Lorsch, Jay W.; Durante, KathleenCase HBS-414031-ELeadership and People ManagementTo maximize their effectiveness, color cases should be printed in color. In April 2012, Jenne Britell, the Chairman of the board of directors of United Rentals, Inc. (NYSE: URI) was preparing her notes for an upcoming stockholders' meeting. It was a meeting unlike most other meetings she had chaired. Stockholders were about to vote on a transaction that was perhaps the ultimate fulfillment of the founders' original vision. She was reminded of the...Starting at €5.74
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Eddie Bauer (C)
Healy, Paul M.; Katz, Sharon; Sesia, AldoCase HBS-110010-EAccounting and ControlThe Eddie Bauer (B) case describes the events leading up to February 2007, when shareholders of Eddie Bauer, the specialty apparel retailer, were scheduled to vote on management's proposed sale of the company to two private equity firms. The Eddie Bauer (C) case describes what happened and the outlook for the retailer.Starting at €5.74