Search Results
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Target Corporation: Ackman versus the Board
After 15 years of great performance, Target's faltering performance during an economic downturn led an activist shareholder to initiate a proxy fight. Target Corporation, the second-largest discount store retailer in the U.S., had competed successfully against industry leader Walmart for years by pr... More
Language: ENGCopyright: 2009 -
New Century Financial Corporation
After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the largest subprime loan originators in the U.S., reported accounting problems in early 2007. The resulting liquidity crisis forced the company to file for Chapter 11 bankruptcy protection. According... More
Language: ENGCopyright: 2008 -
Language: ENGCopyright: 2010
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New Century Financial Corporation (Abridged)
After years of rapid growth and stock price appreciation, New Century Financial Corporation, one of the largest subprime loan originators in the U.S., reported accounting problems in early 2007. The resulting liquidity crisis forced the company to file for Chapter 11 bankruptcy protection. According... More
Language: ENGCopyright: 2012 -
Language: ENGCopyright: 2012
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"Golden Leash" Pay for Directors at The Dow Chemical Company
In November 2014, The Dow Chemical Company was faced with the prospect of a proxy battle with prominent hedge fund and activist investor Third Point Management. The activist had criticized Dow's recent performance and advocated that the company split itself to maximize its potential. The activist al... More
Language: ENGCopyright: 2016 -
Netflix: Valuing a New Business Model
In autumn 2011, Netflix was working to right the ship after publicly stumbling through a price hike and strategic shift and then retreat. The company was changing its business model to focus on streaming video service rather than the DVDs by mail that had brought the company success and praise. One ... More
Language: ENGCopyright: 2012 -
Southeastern Asset Management Challenges Buyout at Dell
In late 2012, Michael Dell wants to take Dell Inc., the company he founded, private. Mr. Dell believes that the successful company's transformation from a personal computer (PC) manufacturer to an enterprise solutions and services provider (ESS) is dependent on going private without the short-term r... More
Language: ENGCopyright: 2014 -
Signet Jewelers: All That Glitters...
Marc Cohodes, a renowned short-seller, has identified weaknesses in Signet's business strategy, which he argues is heavily reliant on providing loans to customers with subprime credit score. He believes that the company accounts for its receivables portfolio using recency accounting to hide the prob... More
Language: ENGCopyright: 2017 -
Language: ENGCopyright: 2017
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Fair Value Accounting at Noble Group (A)
Noble Group, founded in 1986, was a large commodities trader based in Hong Kong and listed on the Singapore Stock Exchange. In 2012, Noble shifted its business strategy towards an asset-light model. Under this model, Noble did not own mines or farms to produce commodities but built commodity sourcin... More
Language: ENGCopyright: 2018 -
Fair Value Accounting Controversy at Noble Group (B)
Supplement to Fair Value Accounting at Noble Group (A)... More
Language: ENGCopyright: 2018 -
Signet Jewelers: Assessing Customer Financing Risk
Marc Cohodes, a renowned short-seller, has identified weaknesses in Signet's business strategy, which he argues is heavily reliant on providing loans to customers with subprime credit score. He believes that the company accounts for its receivables portfolio using recency accounting to hide the prob... More
Language: ENGCopyright: 2017 -
Signet Jewelers: Assessing Customer Financing Risk
Marc Cohodes, a renowned short-seller, has identified weaknesses in Signet's business strategy, which he argues is heavily reliant on providing loans to customers with subprime credit score. He believes that the company accounts for its receivables portfolio using recency accounting to hide the prob... More
Language: ENGCopyright: 2017 -
Fair Value Accounting Controversy at Noble Group
Noble Group, founded in 1986, was a large commodities trader based in Hong Kong and listed on the Singapore Stock Exchange. In 2012, Noble shifted its business strategy towards an asset-light model. Under this model, Noble did not own mines or farms to produce commodities but built commodity sourcin... More
Language: ENGCopyright: 2017 -
Bata Versus Relaxo-Analyzing Performance
Set in 2016, Bata India versus Relaxo-Analyzing Performance compares the strategies and financial performance of two Indian footwear companies. Bata India had long been the market leader in footwear in India, but its leading market position was being challenged by Relaxo, a relatively young, upstart... More
Language: ENGCopyright: 2018 -
Data Breach at Equifax
Examining the cause of and response to the 2017 data breach at Equifax that exposed the information of over 145 million consumers.... More
Language: ENGCopyright: 2017 -
Language: ENGCopyright: 2019
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Fair Value Accounting at Berkshire Hathaway Inc. (B)
Supplement... More
Language: ENGCopyright: 2019 -
Measuring True Value at Ambuja Cement
Professors V. Kasturi Rangan and Suraj Srinivasan and Associate Director Namrata Arora (India Research Center) prepared this case. It was reviewed and approved before publication by a company designate. Funding for the development of this case was provided by Harvard Business School and not by the c... More
Language: ENGCopyright: 2018 -
Language: ENGCopyright: 2019
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Accounting Fraud at Tesco Stores (B)
Supplement... More
Language: ENGCopyright: 2019 -
Accounting Fraud at Tesco Stores (C)
Supplement... More
Language: ENGCopyright: 2019 -
Language: ENGCopyright: 2018
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New Director Dilemmas - Pushing Senior Management
This case explores a new board director who wants more detail from the management team than his fellow directors are willing to press for. New board director Sam Pesca is frustrated that CFO Alex Marotta provides only a minimal two-page financial summary at board meetings, despite Pesca's requests f... More
Language: ENGCopyright: 2020