INCAE (Costa Rica - Nicaragua)
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Ben S. Bernanke in 2005
Li, WeiCase DARDEN-F-1510-EFinanceThe case has been used in a first-year required course called Global Economies and Markets in a module on monetary policy. On October 24, 2005, President Bush nominated Ben S. Bernanke to be chairman of the board of governors of the Federal Reserve System for a term of four years along with a 14-year term on the board of governors. With the U.S. Senate confirmation widely anticipated, Bernanke was expected to take over stewardship of the U.S. mon...Starting at €8.20
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Cypress Semiconductor: 1.25% Convertible Notes
Conroy, Robert M.Case DARDEN-F-1532-EFinanceThe treasury department staff at Cypress Semiconductor Corporation (Cypress) had just received the final draft of the proposal for the pending $600 million convertible bond issue. This would be the latest in a series of convertible bond issuances by Cypress. But this time the situation was quite different. The last offerings were in 2000 when Cypress’s stock price was trading in the $40 to $50 range for the year and had, in fact, hit a high of $5...Starting at €8.20
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Investure, LLC, and Smith College
Chaplinsky, Susan; Harris, Robert S.; Kelly, Dorothy C.Case DARDEN-F-1537-EFinanceAlice Handy, an investment professional with 30 years' experience as head of the University of Virginia Investment Management Company, has opened a new asset management firm targeted at midsize endowments and nonprofit institutions in January 2004. Her business, Investure, LLC, offered outsourced investment services to institutions with $150 million to $1 billion in assets and access to top-performing managers at lower cost than a fund of funds (...Starting at €8.20
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Victoria Chemicals PLC (B): The Merseyside and Rotterdam Projects
Bruner, Robert F.Case DARDEN-F-1544-EFinanceThis case series considers the capital-investment decisions to be made by executives of a large chemicals firm in January 2008. The A case (UVA-F-1543) presents a go/no-go project evaluation regarding improvements to a polypropylene production plant. The B case reviews the same project but from one level higher, where the executives face an either/or investment decision between two mutually exclusive projects.Starting at €5.74
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New Leaders of Financial Giants: The Cases of Vikram Pandit (Citi) and John Thain (Merrill Lynch)
Allayannis, George (Yiorgos)Case DARDEN-F-1551-EFinanceIn January 2008, Citi and Merrill Lynch are trying to steer their ships back to calm waters. The new CEOs, Vikram Pandit (Citi) and John Thain (Merrill), have been at the helm of their companies for less than three months. This case focuses on their steps to counteract the massive losses resulting from their firms' investments in subprime-mortgage structures. What actions have these leaders taken thus far and what actions should they consider goi...Starting at €8.20
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SunTrust Acquisition of National Commerce
Allayannis, George (Yiorgos); Shapiro, AndrewCase DARDEN-F-1554-EFinanceThis case presents an interesting acquisition opportunity that SunTrust considered in 2004: National Commerce Financial, a large commercial bank, based in Memphis, Tennessee, with a strong footprint in North and South Carolina. The case shows how capital ratios are often a key component in the bank-merger process, and it allows for the evaluation of whether Phil Humann (SunTrust’s CEO) could justify a multi-billion-dollar acquisition that had the...Starting at €8.20
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The Case of Sovereign Wealth Funds: A New (Old) Force in the Capital Markets
Allayannis, George (Yiorgos); Loeffler, RachelCase DARDEN-F-1564-EFinanceIn mid-January 2008, Merrill Lynch announced a $6.6 billion mandatory convertible-preferred share issuance, much of which was placed privately with the Kuwait Investment Authority (KIA), the Korean Investment Corporation (KIC), and the Mizuho Corporate Bank. The case is set during the subprime-mortgage crisis, which plagued banks and depleted their capital. It focuses on the decision of John Thain to issue capital and place it with sovereign weal...Starting at €8.20
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TRX, Inc.: Initial Public Offering
Chaplinsky, Susan; Morita, Kensei; Zeng, XingCase DARDEN-F-1568-EFinanceThis case provides comprehensive coverage of a firm’s decision to undertake an IPO and the process of going public. The case follows the sequence of events from the company’s incorporation in 1999 through the completion of an IPO in September 2005. In addition to raising capital, the TRX IPO case also includes consideration of another motivation for going public. At the time of its incorporation in November 1999, TRX attempted to go public but in...Starting at €8.20
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Enterprise Systems at ICL
Allen, Brandt R.Case DARDEN-C-2251-EAccounting and ControlSenior management of a large company learns that its largest and most important information systems project will be eight months late. The developers used the latest technology (web-based, distributed, client-server, networked) and architecture (SOA). Some new parts were up and running but many old, legacy pieces were carrying a heavy part of the daily demands and risks of outages were increasing. There were staffing problems and challenges with ...Starting at €8.20
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Adenosine Therapeutics LLC: Accounting for a Different Compensation Method
Haskins, Mark E.Case DARDEN-C-2264-EAccounting and ControlThis case challenges students to apply financial reporting concepts pertaining, most notably, to liabilities and expenses in a specific corporate situation. In the context of an interesting, but noncomplex, technical accounting issue, students debate the best way for Adenosine Therapeutics to present its compensation arrangements in its financial statements. In addition, this case also prompts students to debate the best way for a growing company...Starting at €8.20