Case | HBS Case Collection | September 2007 (Revised September 2010)

ValueAct: Shareholder in the Boardroom

by Jay W. Lorsch and Alexis Chernak

Abstract

ValueAct, a San Francisco investment firm, makes an investment in PerSe Technologies. The partners of ValueAct build relationships with the PerSe board and management. Eventually ValueAct is given a seat on the PerSe board and is able to influence a significant imprint in PerSe's performance.

Keywords: Governing and Advisory Boards; Investment; Business and Shareholder Relations; Financial Services Industry; San Francisco;

Citation:

Lorsch, Jay W., and Alexis Chernak. "ValueAct: Shareholder in the Boardroom." Harvard Business School Case 408-007, September 2007. (Revised September 2010.)