Supplement | HBS Case Collection | November 1989 (Revised December 1996)

Wisconsin Central Ltd. Railroad and Berkshire Partners (B): LBO Associations and Corporate Governance

by Michael C. Jensen

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;

Citation:

Jensen, Michael C. "Wisconsin Central Ltd. Railroad and Berkshire Partners (B): LBO Associations and Corporate Governance." Harvard Business School Supplement 190-070, November 1989. (Revised December 1996.)