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Supplement
| HBS Case Collection
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1996
(Revised from original version)
Wisconsin Central Ltd. Railroad and Berkshire Partners (B): LBO Associations and Corporate Governance
by
Michael C. Jensen
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Abstract
Describes the resolution of the default situation. Further examines the internal control mechanisms and distinct role of the board of directors of a typical LBO association.
Keywords: Corporate Governance;
Leveraged Buyouts;
Rail Industry;