| HBS Case Collection
(Revised July 2013)
Activist investors Carl Icahn and Barry Rosenstein acquire a stake in Oklahoma-based company Kerr-McGee. They demand two board seats and ask the company to make several operational and financial changes, including the repurchase of equity and divestiture of their chemicals business. The case protagonist, Luke Corbett, CEO, opposes these changes.
Greenwood, Robin, and Andre F. Perold. "Kerr-McGee." Harvard Business School Case 207-020, November 2006. (Revised July 2013.)