Jay W. Lorsch is the Louis Kirstein Professor of Human Relations at the Harvard Business School. He is the author of over a dozen books, the most recent of which are Back to the Drawing Board: Designing Boards for a Complex World (with Colin B. Carter, 2003), Aligning the Stars: How to Succeed When Professionals Drive Results (with Thomas J. Tierney, 2002), and Pawns or Potentates: The Reality of America's Corporate Boards (1989). Organization and Environment (with Paul R. Lawrence) won the Academy of Management's Best Management Book of the Year Award and the James A. Hamilton Book Award of the College of Hospital Administrators in 1969.

Having taught in all of Harvard Business School's educational programs, he was Chairman of the Doctoral Programs, Senior Associate Dean and Chair of the Executive Education Programs from 1991-1995, Senior Associate Dean and Director of Research from 1986-1991, Chairman of the Advanced Management Programs from 1980-1985, and prior to that was Chairman of the Organizational Behavior Unit. He is currently Chairman of the Harvard Business School Global Corporate Governance Initiative and Faculty Chairman of the Executive Education Corporate Governance Series. As a consultant, he has had as clients such diverse companies as Applied Materials, Berkshire Partners, Biogen Idec, Citicorp, Cleary Gottlieb, Steen & Hamilton LLP, Deloitte Touche, DLA Piper Rudnick, Goldman Sachs, Kellwood Company, MassMutual Financial Group, Tyco International, Shire Pharmaceuticals and Sullivan & Cromwell LLC. He is a member of the Sony Ericsson WTA Tour Global Advisory Council, the board directors of New Sector Alliance as well as The Antioch Review National Advisory Board. He formerly served on the boards of Benckiser (now Reckitt Benckiser), Blasland Bouck & Lee Inc., Brunswick Corporation, Sandy Corporation and CA, Inc.; he also served on the Advisory Board of U.S. Foodservice. He currently serves on the Board of Trustees of Antioch College and Cambridge at Home, as well as the Global Advisory Board of the Women's Tennis Association.

He is a graduate of Antioch College (1955) with a M.S. degree in Business from Columbia University (1956) and a Doctor of Business Administration from Harvard Business School (1964). At Columbia, he was a Samuel Bronfman Fellow in Democratic Business Administration. From 1956-59, he served as a Lieutenant in the U.S. Army Finance Corps.

Professor Lorsch is a Fellow of the American Academy of Arts & Sciences.

Publications

Books

Book | 2012

The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century

Jay W. Lorsch

This book is a collection of chapters written by Harvard Business School faculty and alums who have experience with corporate boards. It will provide a uniquely HBS perspective on the future of boards.

Keywords: corporate governance; boards of directors; compensation; succession; Governing and Advisory Boards; Books; Perspective; Governance;

Citation:
Lorsch, Jay W., ed. The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century. Boston, MA, USA: Harvard Business Review Press, 2012.

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Book | 2011

Challenges to Business in the Twenty-First Century

Gerald Rosenfeld, Jay W. Lorsch and Rakesh Khurana

Keywords: Problems and Challenges;

Citation:
Rosenfeld, Gerald, Jay W. Lorsch, and Rakesh Khurana, eds. Challenges to Business in the Twenty-First Century. Cambridge, MA: American Academy of Arts and Sciences, 2011.

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Book | 2005

Restoring Trust in American Business

Jay W. Lorsch, Leslie Berlowitz and A. Zelleke

Keywords: Trust; Business Ventures; United States;

Citation:
Lorsch, Jay W., Leslie Berlowitz, and A. Zelleke, eds. Restoring Trust in American Business. American Academy of Arts and Sciences. Cambridge, MA: MIT Press, 2005.

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Book | 2003

Back to the Drawing Board: Designing Corporate Boards for a Complex World

Jay W. Lorsch and Colin Carter

Keywords: Design; Governance;

Citation:
Lorsch, Jay W., and Colin Carter. Back to the Drawing Board: Designing Corporate Boards for a Complex World. Boston, MA: Harvard Business School Press, 2003.

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Book | 2002

Aligning the Stars: How to Succeed When Professionals Drive Results

Jay W. Lorsch and Thomas J. Tierney

Keywords: Success; Outcome or Result;

Citation:
Lorsch, Jay W., and Thomas J. Tierney. Aligning the Stars: How to Succeed When Professionals Drive Results. Boston, MA: Harvard Business School Press, 2002.

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Book | 1989

Pawns or Potentates: The Reality of America's Corporate Boards

J. W. Lorsch and Elizabeth MacIver

Keywords: Management Teams;

Citation:
Lorsch, J. W., and Elizabeth MacIver. Pawns or Potentates: The Reality of America's Corporate Boards. Boston, MA: Harvard Business School Press, 1989.

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Book | 1987

The Handbook of Organizational Behavior

J. W. Lorsch

Keywords: Organizations; Behavior;

Citation:
Lorsch, J. W., ed. The Handbook of Organizational Behavior. Englewood Cliffs, NJ: Prentice Hall, 1987.

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Book | 1983

Decision Making at the Top: The Shaping of Strategic Direction

Gordon Donaldson and J. W. Lorsch

Keywords: Management Teams; Decision Making;

Citation:
Donaldson, Gordon, and J. W. Lorsch. Decision Making at the Top: The Shaping of Strategic Direction. New York: Basic Books, 1983.

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Book | 1978

Understanding Management

J. W. Lorsch, James P. Baughman, James Reece and Henry Mintzberg

Keywords: Management Practices and Processes;

Citation:
Lorsch, J. W., James P. Baughman, James Reece, and Henry Mintzberg. Understanding Management. New York: Harper & Row, 1978.

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Book | 1976

Organizational Behavior and Administration: Cases and Readings

Paul R. Lawrence, Louis B. Barnes and Jay W. Lorsch

Keywords: Organizations; Behavior;

Citation:
Lawrence, Paul R., Louis B. Barnes, and Jay W. Lorsch, eds. Organizational Behavior and Administration: Cases and Readings. 3rd ed. Homewood, IL: Richard D. Irwin, 1976.

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Book | 1974

Organizations and Their Members: A Contingency Approach

J. W. Lorsch and John Morse

Keywords: Organizations;

Citation:
Lorsch, J. W., and John Morse. Organizations and Their Members: A Contingency Approach. New York: Harper & Row, 1974.

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Book | 1973

Managing Diversity and Interdependence

J. W. Lorsch and Stephen A. Allen III

Keywords: Management; Diversity Characteristics;

Citation:
Lorsch, J. W., and Stephen A. Allen III. Managing Diversity and Interdependence. Boston, MA: Harvard Business School, Division of Research, 1973.

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Book | 1972

Managing Group and Intergroup Relations

J. W. Lorsch and Paul R. Lawrence

Keywords: Management Analysis, Tools, and Techniques; Groups and Teams;

Citation:
Lorsch, J. W., and Paul R. Lawrence, eds. Managing Group and Intergroup Relations. Homewood, IL: Richard D. Irwin, 1972.

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Book | 1972

Managers and Their Careers: Cases and Readings

J. W. Lorsch and Louis B. Barnes

Keywords: Personal Development and Career;

Citation:
Lorsch, J. W., and Louis B. Barnes, eds. Managers and Their Careers: Cases and Readings. Homewood, IL: Richard D. Irwin, 1972.

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Book | 1970

Organizational Structure and Design

Gene W. Dalton, Paul R. Lawrence and J. W. Lorsch

Keywords: Organizational Structure; Organizational Design;

Citation:
Dalton, Gene W., Paul R. Lawrence, and J. W. Lorsch, eds. Organizational Structure and Design. Homewood, IL: Richard D. Irwin, 1970.

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Book | 1970

Studies in Organization Design

J. W. Lorsch and Paul R. Lawrence

Keywords: Organizational Design;

Citation:
Lorsch, J. W., and Paul R. Lawrence, eds. Studies in Organization Design. Homewood, IL: Richard D. Irwin, 1970.

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Book | 1969

Organizational Development: Diagnosis and Action

J. W. Lorsch and Paul R. Lawrence

Keywords: Organizational Design;

Citation:
Lorsch, J. W., and Paul R. Lawrence. Organizational Development: Diagnosis and Action. Reading, MA: Addison-Wesley Publishing Company, 1969.

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Book | 1967

Organization and Environment

Paul R. Lawrence and J. W. Lorsch

Keywords: Organizations; Environmental Sustainability;

Citation:
Lawrence, Paul R., and J. W. Lorsch. Organization and Environment. Boston, MA: Harvard Business School, Division of Research, 1967. (Reissued as a Harvard Business School Classic, Harvard Business School Press, 1986.)

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Book | 1965

Product Innovation and Organization

J. W. Lorsch

Keywords: Product; Innovation and Invention; Organizational Structure;

Citation:
Lorsch, J. W. Product Innovation and Organization. New York: Macmillan Publishing, 1965.

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Journal Articles

Article | European Financial Review |

The Future of Boards: Meeting the Governance Challenges of the 21st Century

Jay W. Lorsch

Predicting the challenges boards will face in the years ahead requires an understanding of how they and the governance they have provided has evolved in past years, as well as the challenges they face in the years ahead. Since I have been serving on and doing research about public company boards over the past twenty-five years, I believe I have a clear sense of the state of corporate governance in the United States and in much of Western Europe. Not surprisingly, my crystal ball for predicting future developments and demands on boards cannot be so clear.

Keywords: boards of directors; corporate governance; governance; succession; compensation; Governing and Advisory Boards;

Citation:
Lorsch, Jay W. "The Future of Boards: Meeting the Governance Challenges of the 21st Century." European Financial Review (August–September 2012), 2–4.

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Article | Harvard Business Review |

What Good Are Shareholders?

Justin Fox and Jay W. Lorsch

The article looks at the role outside shareholders play in corporate governance in the U.S., and the relationship between companies' shareholders and managers, as of 2012. It recounts the shift beginning in the 1970s toward shareholders claiming an increasing amount of power relative to corporate managers. The authors argue that shareholders have not benefited much from the trend. They suggest that shareholders as a category are not well positioned to guide corporate decisions or to discipline management. They also discuss problems in two other roles shareholders play with respect to corporations, as a source of funds and as aggregators of information about corporations by way of their decisions to buy or sell stock.

Keywords: corporate governance; shareholder activism; Business and Shareholder Relations; Investment Activism; Corporate Governance; Decision Making; Managerial Roles; United States;

Citation:
Fox, Justin, and Jay W. Lorsch. "What Good Are Shareholders?" R1207B. Harvard Business Review 90, nos. 7-8 (July–August 2012): 49–57.

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Article | Harvard Magazine |

The Pay Problem

Jay W. Lorsch and Rakesh Khurana

Citation:
Lorsch, Jay W., and Rakesh Khurana. "The Pay Problem." Harvard Magazine (May–June 2010).

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Article | Executive Counsel |

Lessons from the Crisis about Governing Financial Institutions

Jay W. Lorsch

Keywords: Learning; Governance; Financial Institutions;

Citation:
Lorsch, Jay W. "Lessons from the Crisis about Governing Financial Institutions." Executive Counsel 7, no. 1 (February–March 2010): 18–22. (Full article available at Qfinance.com.)

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Article | Legal Week |

The Capital Question

Robert G. Eccles Jr. and Jay W. Lorsch

Keywords: Capital;

Citation:
Eccles, Robert G., Jr., and Jay W. Lorsch. "The Capital Question." Legal Week (October 22, 2009), 21.

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Article | Directors & Boards |

HBS Focus: The Reality of Corporate Boards

Jay W. Lorsch

Keywords: Governance;

Citation:
Lorsch, Jay W. "HBS Focus: The Reality of Corporate Boards." Directors & Boards 33, no. 1 (Fourth Quarter 2008).

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Article | Harvard Business Review |

Leading from the Boardroom

Jay W. Lorsch and Robert C. Clark

Keywords: Leadership; Governance;

Citation:
Lorsch, Jay W., and Robert C. Clark. "Leading from the Boardroom." Harvard Business Review 86, no. 4 (April 2008): 104–111. (R0804G.)

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Article | Directorship |

A Conversation with Jay Lorsch: Is the Minority Yelling Too Loud?

Jay W. Lorsch and William J. Holstein

Keywords: Groups and Teams;

Citation:
Lorsch, Jay W., and William J. Holstein. "A Conversation with Jay Lorsch: Is the Minority Yelling Too Loud?" Directorship (February/March 2007).

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Article | Directors & Boards |

Making the Best of M&A

Jay W. Lorsch

Keywords: Mergers and Acquisitions;

Citation:
Lorsch, Jay W. "Making the Best of M&A." Directors & Boards 3, no. 3 (fourth quarter 2006): 6.

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Article | Directors Monthly |

The Board of Directors and the Company Lawyers

Jay W. Lorsch and John L. Howard

Keywords: Governance; Employees; Law;

Citation:
Lorsch, Jay W., and John L. Howard. "The Board of Directors and the Company Lawyers." Directors Monthly 30, no. 5 (May 2006): 1–6.

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Article | One Issue, Two Voices |

A Progress Report on U.S. Corporate Governance

Jay W. Lorsch

Keywords: Corporate Governance; Reports; United States;

Citation:
Lorsch, Jay W. "A Progress Report on U.S. Corporate Governance." Corporate Governance in Canada and the United States: A Comparative View. One Issue, Two Voices, no. 5 (April 2006): 2–8.

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Article | Directors & Boards |

The Chairman's Job Description

Jay W. Lorsch and A. Zelleke

Keywords: Management; Jobs and Positions;

Citation:
Lorsch, Jay W., and A. Zelleke. "The Chairman's Job Description." Directors & Boards (Fourth Quarter 2005): 28–32.

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Article | MIT Sloan Management Review |

Should the CEO be the Chairman?

Jay W. Lorsch and A. Zelleke

Keywords: Management;

Citation:
Lorsch, Jay W., and A. Zelleke. "Should the CEO be the Chairman?" Art. 46214. MIT Sloan Management Review 46, no. 2 (winter 2005): 71–74.

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Article | Manageris: la lettre de synthèse des meilleurs ouvrages de management |

Commentaire critique de "Leadership Passages"

Jay W. Lorsch

Keywords: Leadership;

Citation:
Lorsch, Jay W. Commentaire critique de "Leadership Passages". Manageris: la lettre de synthèse des meilleurs ouvrages de management , no. 139 (Juillet–Aout 2005): 18.

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Article | Harvard Business Review |

Seven Surprises for New CEOs

Michael E. Porter, Jay W. Lorsch and Nitin Nohria

Keywords: Management;

Citation:
Porter, Michael E., Jay W. Lorsch, and Nitin Nohria. "Seven Surprises for New CEOs." R0410C. Harvard Business Review 82, no. 10 (October 2004): 62–72.

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Article | Chief Executive |

CEO: Chief Education Officer; How to Deal with an Independent Board

Jay W. Lorsch

Keywords: Education; Governance;

Citation:
Lorsch, Jay W. "CEO: Chief Education Officer; How to Deal with an Independent Board." Chief Executive (May 2004).

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Article | Wall Street Journal |

Director, Heal Thyself

Jay W. Lorsch and Colin B. Carter

Keywords: Management;

Citation:
Lorsch, Jay W., and Colin B. Carter. "Director, Heal Thyself." Wall Street Journal (January 6, 2004), B2.

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Journal Article | Directors & Boards |

A Visit to Board 'Central Casting'

Jay W. Lorsch and Colin B. Carter

Citation:
Lorsch, Jay W., and Colin B. Carter. "A Visit to Board 'Central Casting'." Directors & Boards 28, no. 1 (fall 2003): 25–30.

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Journal Article | American Lawyer |

Building A Bench

Jay W. Lorsch and Thomas J. Tierney

Citation:
Lorsch, Jay W., and Thomas J. Tierney. "Building A Bench." American Lawyer (July 2003).

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Article | Leader to Leader |

Creating Competitive Advantage in the Knowledge Economy

Jay W. Lorsch and Thomas J. Tierney

Keywords: Competitive Advantage; Knowledge; Economy;

Citation:
Lorsch, Jay W., and Thomas J. Tierney. "Creating Competitive Advantage in the Knowledge Economy." Leader to Leader. Leader to Leader, no. 26 (fall 2002): 41–47.

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Article | Boston Globe |

Add CEO Salaries to The Corporate Reform List

Jay W. Lorsch

Keywords: Management; Compensation and Benefits; Governing Rules, Regulations, and Reforms;

Citation:
Lorsch, Jay W. "Add CEO Salaries to The Corporate Reform List." Boston Globe (July 14, 2002).

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Article | Corporate Governance Advisor |

A Modest Proposal for Dealing with the Enron Crisis

Jay W. Lorsch and Martin Lipton

Keywords: Crime and Corruption; Crisis Management;

Citation:
Lorsch, Jay W., and Martin Lipton. "A Modest Proposal for Dealing with the Enron Crisis." Corporate Governance Advisor 10, no. 3 (May/June 2002): 1–4.

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Journal Article | Harvard Business Review |

Unbalanced Boards

Jay W. Lorsch, A. Zelleke and Katharina Pick

Citation:
Lorsch, Jay W., A. Zelleke, and Katharina Pick. "Unbalanced Boards." F0102E. Harvard Business Review 79, no. 2 (February 2001).

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Journal Article | Corporate Board Member |

Building a Better Board

Jay W. Lorsch, Duke K. Bristow, Paul D. Lapides, Chuck King and T.K. Kerstetter

Citation:
Lorsch, Jay W., Duke K. Bristow, Paul D. Lapides, Chuck King, and T.K. Kerstetter. "Building a Better Board." Special Supplement Corporate Board Member (2001): 12–19.

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Article | Corporate Board |

CEO Pay: Facts and Fallacies

J. W. Lorsch

Keywords: Executive Compensation;

Citation:
Lorsch, J. W. "CEO Pay: Facts and Fallacies." Corporate Board (May–June 1999).

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Article | Across the Board |

Should Directors Grade Themselves?

J. W. Lorsch

Keywords: Management; Performance Evaluation;

Citation:
Lorsch, J. W. "Should Directors Grade Themselves?" Across the Board 34, no. 5 (May 1997).

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Article | Governing Entrepreneurial Companies |

The Board's Role in Monitoring Performance

J. W. Lorsch

Keywords: Performance; Governance;

Citation:
Lorsch, J. W. "The Board's Role in Monitoring Performance." Governing Entrepreneurial Companies (summer 1996).

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Article | Corporate Board |

The Board As a Change Agent

J. W. Lorsch

Keywords: Change; Governance;

Citation:
Lorsch, J. W. "The Board As a Change Agent." Corporate Board (July–August 1996).

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Article | Harvard Business Review |

Empowering the Board

J. W. Lorsch

Keywords: Governance;

Citation:
Lorsch, J. W. "Empowering the Board." Harvard Business Review 73, no. 1 (January–February 1995).

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Article | Forecast |

Boardroom Brawn

J. W. Lorsch

Keywords: Governance;

Citation:
Lorsch, J. W. "Boardroom Brawn." Forecast 2, no. 3 (May–June 1994).

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Article | Directors & Boards |

Performance Assessment in the Boardroom

J. W. Lorsch

Keywords: Performance; Governance;

Citation:
Lorsch, J. W. "Performance Assessment in the Boardroom." Directors & Boards 18, no. 3 (spring 1994).

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Article | Business Lawyer |

A Modest Proposal for Improved Corporate Governance

Martin Lipton and J. W. Lorsch

Keywords: Corporate Governance;

Citation:
Lipton, Martin, and J. W. Lorsch. "A Modest Proposal for Improved Corporate Governance." Business Lawyer 48, no. 1 (November 1992).

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Article | Harvard Business Review |

Advice and Dissent: Rating the Corporate Governance Compact

C. R. Wharton, J. W. Lorsch and L. Hanson

Keywords: Corporate Governance; Information;

Citation:
Wharton, C. R., J. W. Lorsch, and L. Hanson. "Advice and Dissent: Rating the Corporate Governance Compact." Harvard Business Review 69, no. 6 (November–December 1991).

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Article | Director's Monthly |

War and Peace in the Boardroom

J. W. Lorsch

Citation:
Lorsch, J. W. "War and Peace in the Boardroom." Director's Monthly 15, no. 7 (July 1991).

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Article | Institutional Investor |

Restructure Boardrooms

J. W. Lorsch and E. MacIver

Citation:
Lorsch, J. W., and E. MacIver. "Restructure Boardrooms." Supplement. Institutional Investor (December 1990).

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Article | Human Resource Management |

The Managerial Implications of Changing Work Force Demographics: A Scoping Study

Gary W. Loveman, John J. Gabarro and Jay W. Lorsch

Keywords: Management; Demographics;

Citation:
Loveman, Gary W., John J. Gabarro, and Jay W. Lorsch. "The Managerial Implications of Changing Work Force Demographics: A Scoping Study." Human Resource Management 4, no. 4 (1989).

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Book Chapters

Chapter | Handbook of Leadership Theory and Practice | 2010

A Contingency Theory of Leadership

Jay W. Lorsch

The idea of a contingency theory of leadership is not novel. In the 1960s several scholars conducted research and proposed such an approach arguing that the style of leadership that would be most effective depended upon the situation (Fiedler, Tannenbaum and Schmidt, and Vroom and Yetton). This work was an integral part of the wave of organizational behavior research that led to what we labeled a "Contingency Theory" of organizations at the time. Like much of the early contingency work, these efforts on leadership suffered from some limitations. First, while there was an agreement that the appropriate leadership style did depend on situational contingencies, there was not complete agreement about what such factors were. For example, all three of the authors cited indicated that the appropriate leadership style did depend upon the nature of the task, specifically how certain or uncertain it was. However Vroom and Yetton defined the task as decision making, while the others were not so specific about the type of task.

Keywords: Leadership Style; Situation or Environment; Behavior; Theory;

Citation:
Lorsch, Jay W. "A Contingency Theory of Leadership." Chap. 15 in Handbook of Leadership Theory and Practice, edited by Nitin Nohria, and Rakesh Khurana. Harvard Business Press, 2010.

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Chapter | Boardroom Realities: Building Leaders Across Your Board | 2009

Leadership: The Key to Effective Boards

Jay W. Lorsch

Keywords: Leadership; Governing and Advisory Boards;

Citation:
Lorsch, Jay W. "Leadership: The Key to Effective Boards." Chap. 1 in Boardroom Realities: Building Leaders Across Your Board. 1st ed. Edited by Jay A. Conger, 25–50. Jossey-Bass, 2009.

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Chapter | Knowledge Creation and Management: New Challenges for Managers | 2006

Governance Information in Knowledge-Based Companies

Jay W. Lorsch

Keywords: Corporate Governance; Knowledge Management; Information Management; Information Industry;

Citation:
Lorsch, Jay W. "Governance Information in Knowledge-Based Companies." Chap. 14 in Knowledge Creation and Management: New Challenges for Managers, edited by Kazuo Ichijo, and Ikujiro Nonaka, 229–239. New York: Oxford University Press, 2006.

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Chapter | What Managers Say, What Employees Hear | 2006

Products, Customers, and Front-Line Employees

Jay W. Lorsch

Keywords: Product; Customers; Employees; Interpersonal Communication;

Citation:
Lorsch, Jay W. "Products, Customers, and Front-Line Employees." Chap. 6 in What Managers Say, What Employees Hear, edited by Regina Fazio Maruca, 55–62. Westport, CT: Praeger, 2006.

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Chapter | The Accountable Corporation | 2005

Improving Corporate Governance Empowering the Board--Revisited

Jay W. Lorsch

Keywords: Corporate Governance; Governing and Advisory Boards;

Citation:
Lorsch, Jay W. "Improving Corporate Governance Empowering the Board--Revisited." In The Accountable Corporation. Vol. 2, edited by Marc J. Epstein, and Kirk O. Hanson. Praeger, 2005.

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Chapter | Restoring Trust in American Business | 2005

The Professionalization of Corporate Directors

Martin Lipton and Jay W. Lorsch

Keywords: Management Teams; Governing and Advisory Boards;

Citation:
Lipton, Martin, and Jay W. Lorsch. "The Professionalization of Corporate Directors." In Restoring Trust in American Business, edited by Jay W. Lorsch, A. Zelleke, and Leslie Berlowitz. Cambridge: American Academy of Arts and Sciences, 2005.

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Chapter | Concise International Encyclopedia of Business and Management | 1997

Corporate Governance

J. W. Lorsch

Keywords: Corporate Governance;

Citation:
Lorsch, J. W. "Corporate Governance." In Concise International Encyclopedia of Business and Management, edited by Malcolm Warner. Thomson Learning, 1997.

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Chapter | ZFBF | 1996

German Corporate Governance and Management: An American's Perspective

J. W. Lorsch

Keywords: Corporate Governance; Germany;

Citation:
Lorsch, J. W. "German Corporate Governance and Management: An American's Perspective." In ZFBF, edited by Axel v. Weder. Dusseldorf: Verlagsgruppe Handelsblatt, 1996.

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Chapter | Capital Choices: Changing the Way America Invests in Industry | 1992

Corporate Governance and Investment Time Horizons

J. W. Lorsch and E. MacIver

Keywords: Corporate Governance; Investment; Time Management;

Citation:
Lorsch, J. W., and E. MacIver. "Corporate Governance and Investment Time Horizons." In Capital Choices: Changing the Way America Invests in Industry, edited by M. E. Porter. Washington, D.C.: Council on Competitiveness, 1992.

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Working Papers

Working Paper | HBS Working Paper Series | 1998

Compensating Corporate CEO's: A Process View

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Compensating Corporate CEO's: A Process View." Harvard Business School Working Paper, No. 99–013, October 1998.

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Cases and Teaching Materials

Teaching Plan | HBS Case Collection | 2013

The American National Red Cross (TP)

Jay W. Lorsch and Michael Norris

Citation:
Lorsch, Jay W., and Michael Norris. "The American National Red Cross (TP)." Harvard Business School Teaching Plan 413-021, January 2013.

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Supplement | HBS Case Collection | 2012

Olympus (B)

Jay W. Lorsch, Suraj Srinivasan and Kathleen Durante

This case outlines Michael Woodford's awards and honors, after having been fired from Olympus in October 2011. It discusses the repercussions following an investigation into the fraud and the report that was released thereafter. It also discusses the lawsuit that followed (filed by Woodford against Olympus), its settlement, and the new Olympus board and the fate of the Olympus executives who were at Olympus while the scandal occurred.

Keywords: accounting; corporate governance; Accounting; Corporate Governance; Health Industry; Electronics Industry; Japan;

Citation:
Lorsch, Jay W., Suraj Srinivasan, and Kathleen Durante. "Olympus (B)." Harvard Business School Supplement 413-075, October 2012.

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Case | HBS Case Collection | 2012

Goldman Sachs Principles?

Jay W. Lorsch and Kathleen Durante

Citation:
Lorsch, Jay W., and Kathleen Durante. "Goldman Sachs Principles?" Harvard Business School Case 412-148, June 2012.

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Case | HBS Case Collection | 2012

Pepsi-Cola: Nutrition or Fun?

Jay W. Lorsch and Kathleen Durante

Citation:
Lorsch, Jay W., and Kathleen Durante. "Pepsi-Cola: Nutrition or Fun?" Harvard Business School Case 412-152, June 2012.

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Case | HBS Case Collection | 2012

Walmart: Trouble South of the Border

Jay W. Lorsch and Kathleen Durante

Citation:
Lorsch, Jay W., and Kathleen Durante. "Walmart: Trouble South of the Border." Harvard Business School Case 412-151, June 2012.

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Case | HBS Case Collection | 2012 (Revised from original 2011 version)

Carl Icahn and Clorox

Jay W. Lorsch and Kathleen Durante

Keywords: Investment Activism; Governing and Advisory Boards;

Citation:
Lorsch, Jay W., and Kathleen Durante. "Carl Icahn and Clorox." Harvard Business School Case 412-078, May 2012. (Revised from original December 2011 version.)

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Case | HBS Case Collection | 2012 (Revised from original 2010 version)

The Dow Acquisition of Rohm and Haas (A)

Jay W. Lorsch and Melissa Barton

The Rohm and Haas Board decided how to move forward after its largest shareholder chose to sell all of its shares in the company.

Keywords: Governing and Advisory Boards; Leadership; Management Teams; Ownership Stake; Business and Shareholder Relations; Chemical Industry;

Citation:
Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (A)." Harvard Business School Case 411-001, March 2012. (Revised from original August 2010 version.)

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Supplement | HBS Case Collection | 2012 (Revised from original 2010 version)

The Dow Acquisition of Rohm and Haas (B)

Jay W. Lorsch and Melissa Barton

The Dow Board made a bid for Rohm and Haas Company in order to transition its portfolio away from commodity chemicals towards specialty chemicals.

Keywords: Mergers and Acquisitions; Investment Portfolio; Governing and Advisory Boards; Chemical Industry;

Citation:
Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (B)." Harvard Business School Supplement 411-002, March 2012. (Revised from original August 2010 version.)

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Supplement | HBS Case Collection | 2012 (Revised from original 2010 version)

The Dow Acquisition of Rohm and Haas (C)

Jay W. Lorsch and Melissa Barton

The global economy entered a crippling recession in the fourth quarter of 2008 and Dow lost its primary source of funding for its planned acquisition of Rohm and Haas.

Keywords: Mergers and Acquisitions; Financial Crisis; Financing and Loans; Chemical Industry;

Citation:
Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (C)." Harvard Business School Supplement 411-003, March 2012. (Revised from original August 2010 version.)

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Supplement | HBS Case Collection | 2012 (Revised from original 2010 version)

The Dow Acquisition of Rohm and Haas (D)

Jay W. Lorsch and Melissa Barton

Dow's board and management team worked on arranging appropriate financing to complete the acquisition of Rohm and Haas. Meanwhile, the board of Rohm and Haas filed suit against Dow after it delayed the completion of the acquisition.

Keywords: Mergers and Acquisitions; Financing and Loans; Governing and Advisory Boards; Lawsuits and Litigation; Management Teams; Chemical Industry;

Citation:
Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (D)." Harvard Business School Supplement 411-004, March 2012. (Revised from original August 2010 version.)

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Supplement | HBS Case Collection | 2012 (Revised from original 2010 version)

The Dow Acquisition of Rohm and Haas (E)

Jay W. Lorsch and Melissa Barton

Dow completed the acquisition of Rohm and Haas and escaped a battle in a Delaware courtroom

Keywords: Mergers and Acquisitions; Legal Liability; Managerial Roles; Complexity;

Citation:
Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (E)." Harvard Business School Supplement 411-005, March 2012. (Revised from original August 2010 version.)

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Case | HBS Case Collection | 2012 (Revised from original 2011 version)

Boardroom Change in Norway

Jay W. Lorsch and Melissa Barton

In 2003, the Norwegian Parliament amended the Public Limited Companies Act in order to achieve greater representation of women on corporate boards. According to the amendment, all state-owned companies and public limited companies were required to have at least 40% women on their boards. This case uses first-hand accounts from Norwegian directors to document the Norwegian business community's reaction to the quota, how Norwegian boards sought women directors, and the transferability of the quota law to other nations.

Citation:
Lorsch, Jay W., and Melissa Barton. "Boardroom Change in Norway." Harvard Business School Case 411-089, March 2012. (Revised from original April 2011 version.)

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Case | HBS Case Collection | 2011 (Revised from original 2009 version)

RiskMetrics Group

Jay W. Lorsch and Kaitlyn Simpson

RiskMetrics Group, a risk and governance consultancy, had a great deal of influence on U.S. companies. This case examines the history and growth of the company, the governance services it offers, the extent of its impact on shareholders, the controversy surrounding its conflicts of interest, and the impact it has had on directors.

Keywords: Conflict of Interests; Risk Management; Governing and Advisory Boards; Corporate Governance; Power and Influence; Consulting Industry; United States;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "RiskMetrics Group." Harvard Business School Case 410-008, June 2011. (Revised from original July 2009 version.)

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Case | HBS Case Collection | 2011

Trouble in Islandia; Computer Associates 2001 - 2004

Jay W. Lorsch and Melissa Barton

The Board of Directors of Computer Associates deals with pressure from the U.S. Department of Justice as its members try to gain better insight into the accounting practices of the company's top management team.

Keywords: Problems and Challenges; Corporate Governance; Management Teams; Ethics; Practice; Florida; United States;

Citation:
Lorsch, Jay W., and Melissa Barton. "Trouble in Islandia; Computer Associates 2001 - 2004." Harvard Business School Case 411-112, June 2011.

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Case | HBS Case Collection | 2012 (Revised from original 2010 version)

Hewlett-Packard Company: CEO Succession in 2010

Jay W. Lorsch, Krishna G. Palepu and Melissa Barton

Mark Hurd resigned as the CEO of Hewlett Packard in 2010 after the board discovered that he had misfiled expense reports and paid an H.P. contractor for unsubstantiated work. After Hurd left H.P., he joined Oracle, an H.P. competitor. Soon thereafter, the H.P. board appointed a new CEO following an eight-week search.

Keywords: Ethics; Governing and Advisory Boards; Leadership Development; Management Succession; Competitive Strategy; Technology Industry;

Citation:
Lorsch, Jay W., Krishna G. Palepu, and Melissa Barton. "Hewlett-Packard Company: CEO Succession in 2010." Harvard Business School Case 411-056, July 2012. (Revised from original October 2010 version.)

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Case | HBS Case Collection | 2010 (Revised from original 2010 version)

American International Group - 2010

Jay W. Lorsch and Melissa Barton

The AIG Board underwent significant restructuring after the company was bailed out by the U.S. government in September 2008 in the midst of the financial crisis.

Keywords: Financial Crisis; Insolvency and Bankruptcy; Business and Government Relations; Governing and Advisory Boards; Management Teams; Restructuring; Financial Services Industry;

Citation:
Lorsch, Jay W., and Melissa Barton. "American International Group - 2010." Harvard Business School Case 411-074, December 2010. (Revised from original November 2010 version.)

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Case | HBS Case Collection | 2010 (Revised from original 2008 version)

Sony Ericsson WTA Tour (A)

Jay W. Lorsch and Kaitlyn Simpson

Larry Scott, the new CEO of the Women's Tennis Association, arrives amidst turmoil. Players and tournaments clash over opposing interests. As a result, the board members who represent them are equally divided and feel conflicted about their role. They aren't sure how to help their constituents while also fulfilling their duty of oversight of the WTA as a whole. In order to make women's tennis more popular and profitable, Scott must find a way to get the board of directors to resolve their differences and work together for the greater good of the organization.

Keywords: Corporate Governance; Governing and Advisory Boards; Leadership; Business and Stakeholder Relations; Conflict of Interests; Cooperation; Sports Industry;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "Sony Ericsson WTA Tour (A)." Harvard Business School Case 409-018, September 2010. (Revised from original July 2008 version.)

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Supplement | HBS Case Collection | 2010 (Revised from original 2008 version)

Sony Ericsson WTA Tour (B)

Jay W. Lorsch and Kaitlyn Simpson

Keywords: Electronics Industry;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "Sony Ericsson WTA Tour (B)." Harvard Business School Supplement 409-019, September 2010. (Revised from original July 2008 version.)

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Supplement | HBS Case Collection | 2010 (Revised from original 2008 version)

Sony Ericsson WTA Tour (C)

Jay W. Lorsch and Kaitlyn Simpson

Keywords: Electronics Industry;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "Sony Ericsson WTA Tour (C)." Harvard Business School Supplement 409-020, September 2010. (Revised from original July 2008 version.)

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Case | HBS Case Collection | 2010 (Revised from original 2007 version)

ValueAct: Shareholder in the Boardroom

Jay W. Lorsch and Alexis Chernak

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 2010. (Revised from original September 2007 version.)

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Case | HBS Case Collection | 2012 (Revised from original 2009 version)

Board Leadership at Entergy Corporation

Jay W. Lorsch and Melissa Barton

Wayne Leonard became CEO of Entergy in 1999. After serving as CEO for close to eight years, the Entergy Board named Leonard Chairman and CEO.

Keywords: Management Teams; Governing and Advisory Boards; Leadership;

Citation:
Lorsch, Jay W., and Melissa Barton. "Board Leadership at Entergy Corporation." Harvard Business School Case 410-061, July 2012. (Revised from original November 2009 version.)

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Case | HBS Case Collection | 2010 (Revised from original 2002 version)

Delphi Corporation (A)

Jay W. Lorsch, Rakesh Khurana and Sonya Sanchez

The Delphi Corp.'s board of directors faces a transition as lead director Thomas Wyman approaches mandatory retirement. Chairman and CEO J.T. Battenberg reflects on Delphi's history and its successful reinvention by Wyman and Battenberg when it separated from its 100-year-old parent company, GM. Examines how boards of directors interact with top management and how management can work effectively with an active board.

Keywords: Corporate Governance; Governing and Advisory Boards; Leadership; Management Succession; Management Teams; Relationships; Corporate Strategy;

Citation:
Lorsch, Jay W., Rakesh Khurana, and Sonya Sanchez. "Delphi Corporation (A)." Harvard Business School Case 402-033, January 2010. (Revised from original June 2002 version.)

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Case | HBS Case Collection | 2009 (Revised from original 2009 version)

Relational Investors and Home Depot (A)

Jay W. Lorsch and Kaitlyn Simpson

In 2006, amidst shareholder upset over CEO Robert Nardelli's compensation and Home Depot's declining stock price, Relational Investors decided to further investigate the situation. As experts in turning around underperforming and undervalued companies, Relational's principals saw opportunities for Home Depot to improve its stock price through changes in strategy, corporate governance, and capital allocation. In particular, Relational felt Nardelli's growth plan for the company had caused the decline in the stock price. Relational decided to invest in Home Depot and intended to initiate a proxy fight if the board did not reassess the company's strategy. Shortly thereafter, Nardelli left Home Depot and the board offered Relational a board seat. This case describes Relational's analysis of the problems at Home Depot, why they decided to invest, and how they went about getting their recommendations implemented.

Keywords: Restructuring; Financial Management; Investment; Corporate Governance; Governing and Advisory Boards; Organizational Change and Adaptation; Ownership Stake; Business and Shareholder Relations; Corporate Strategy;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "Relational Investors and Home Depot (A)." Harvard Business School Case 409-076, December 2009. (Revised from original March 2009 version.)

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Supplement | HBS Case Collection | 2009 (Revised from original 2009 version)

Relational Investors and Home Depot (B)

Jay W. Lorsch and Kaitlyn Simpson

Keywords: Investment; Retail Industry; Consumer Products Industry;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "Relational Investors and Home Depot (B)." Harvard Business School Supplement 409-082, December 2009. (Revised from original March 2009 version.)

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Case | HBS Case Collection | 2009

The Role of the Audit Committee in Risk Oversight

Jay W. Lorsch and Kaitlyn Simpson

An audit committee chair considers how he can help his committee become more effective given the increasing regulatory demands on audit committees. He also wrestles with the lack of specificity in audit committee duties and whether his committee should take on additional responsibilities. In particular, he considers the growing concern over risk oversight and wonders what kinds of risks the audit committee should consider and whether they should be the sole repository for risk management. This case includes a historical overview of the beginnings and evolution of audit committees, and the laws and regulations that have affected their role over time.

Keywords: Accounting Audits; Corporate Governance; Governing Rules, Regulations, and Reforms; Governing and Advisory Boards; Laws and Statutes; Risk Management;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "The Role of the Audit Committee in Risk Oversight." Harvard Business School Case 409-016, June 2009.

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Case | HBS Case Collection | 2009

Executive Remuneration at Royal Dutch Shell (A)

Jay W. Lorsch and Kaitlyn Simpson

The remuneration committee at Shell decided to exercise their discretionary power to award five top executives a bonus for 2008, even though they had not met the necessary performance measures under the compensation plan. Proxy advisors RiskMetrics and the British Association of Insurers advise their clients to vote against the plan at the upcoming 2009 annual meeting. The Shell remuneration committee wonders how the shareholders will react.

Keywords: Corporate Governance; Governance Controls; Executive Compensation; Performance Evaluation; Business and Shareholder Relations; Energy Industry;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "Executive Remuneration at Royal Dutch Shell (A)." Harvard Business School Case 409-126, June 2009.

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Supplement | HBS Case Collection | 2009

Executive Remuneration at Royal Dutch Shell (B)

Jay W. Lorsch and Kaitlyn Simpson

At the 2009 Shell annual meeting, the majority of shareholders vote against the exclusive pay package. The B case compares the remuneration committee perspective (and their rationale for using discretion to award the bonuses) as well as the shareholder perspective (and their rationale for reacting so strongly against the pay package).

Keywords: Voting; Corporate Governance; Governance Controls; Executive Compensation; Business and Shareholder Relations; Perspective; Energy Industry;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "Executive Remuneration at Royal Dutch Shell (B)." Harvard Business School Supplement 409-127, June 2009.

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Case | HBS Case Collection | 2009 (Revised from original 2007 version)

OppenheimerFunds and Take-Two Interactive (A)

Jay W. Lorsch, Andrew Hill and Kaitlyn Simpson

Describes the dilemma faced by Emmanuel Ferreira, a fund manager at OppenheimerFunds. As the largest shareholder and a long-time investor in software publisher Take-Two Interactive, Ferreira contemplates whether or not to get involved with other investors in trying to replace the board of directors at Take-Two Interactive. The company has been encountering a number of problems with its accounting methods and in the design of its products, etc. All of this has led to a depressed stock price, which is of serious concern to the manager(s) at OppenheimerFunds as well as to other investors. This leads a media turnaround firm to contact OppenheimerFunds and other large Take-Two shareholders with the intention of ousting the company's board, replacing management, and rejuvenating the company. No fund manager at OppenheimerFunds has ever pursued such an action, and the case invites readers to weigh the pros and cons of Ferreira's options.

Keywords: Restructuring; Decision Choices and Conditions; Investment; Corporate Governance; Governing and Advisory Boards; Business and Shareholder Relations;

Citation:
Lorsch, Jay W., Andrew Hill, and Kaitlyn Simpson. "OppenheimerFunds and Take-Two Interactive (A)." Harvard Business School Case 408-074, March 2009. (Revised from original November 2007 version.)

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Supplement | HBS Case Collection | 2009 (Revised from original 2007 version)

OppenheimerFunds and Take-Two Interactive (B)

Jay W. Lorsch, Andrew Hill and Kaitlyn Simpson

Keywords: Insurance Industry;

Citation:
Lorsch, Jay W., Andrew Hill, and Kaitlyn Simpson. "OppenheimerFunds and Take-Two Interactive (B)." Harvard Business School Supplement 408-075, March 2009. (Revised from original November 2007 version.)

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Case | HBS Case Collection | 2008

Partner Promotion and Development at DLA Piper

Jay W. Lorsch and Kaitlyn Simpson

Keywords: Partners and Partnerships; Personal Development and Career;

Citation:
Lorsch, Jay W., and Kaitlyn Simpson. "Partner Promotion and Development at DLA Piper." Harvard Business School Case 409-026, November 2008.

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Case | HBS Case Collection | 2008 (Revised from original 2007 version)

The American National Red Cross (A)

Jay W. Lorsch, Eliot Sherman and David Chen

Describes the governance issues facing the Board of Governors of the American Red Cross. After a series of issues--FDA consent decree on its blood operations; the response to 9/11 and Hurricane Katrina--the Red Cross board was under pressure to fix its governance from the public, the media, and from Congress. Describes the Red Cross governance structure and practices in place and the process used to examine them.

Keywords: Corporate Governance; Governing and Advisory Boards; Management Practices and Processes; Service Operations; Business Processes; Non-Governmental Organizations; Service Industry;

Citation:
Lorsch, Jay W., Eliot Sherman, and David Chen. "The American National Red Cross (A)." Harvard Business School Case 408-040, October 2008. (Revised from original December 2007 version.)

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Supplement | HBS Case Collection | 2008 (Revised from original 2007 version)

The American National Red Cross (B)

Jay W. Lorsch and Eliot Sherman

Keywords: Non-Governmental Organizations; Nonprofit Organizations;

Citation:
Lorsch, Jay W., and Eliot Sherman. "The American National Red Cross (B)." Harvard Business School Supplement 408-041, October 2008. (Revised from original December 2007 version.)

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Case | HBS Case Collection | 2008 (Revised from original 2007 version)

Say on Pay

Jay W. Lorsch, V.G. Narayanan and Alexis Chernak

Briefly describes the trend in 2006 and 2007 in the United States to give shareholders an advisory vote on executive compensation. Highlights a few examples where shareholders have successfully garnered a majority in support of an advisory vote measure on company proxy ballots, and describes discussion within Congress on the matter.

Keywords: Voting; Corporate Governance; Governing and Advisory Boards; Executive Compensation; Business and Government Relations; Business and Shareholder Relations; United States;

Citation:
Lorsch, Jay W., V.G. Narayanan, and Alexis Chernak. "Say on Pay." Harvard Business School Case 407-129, April 2008. (Revised from original June 2007 version.)

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Case | HBS Case Collection | 2008 (Revised from original 2006 version)

Philips Electronics N.V.

Jay W. Lorsch and Alexis Chernak

Looks at the multinational company, Philips Electronics, which is headquartered in the Netherlands, as an example of a company with a two-tiered board. The company is governed by both a supervisory board and a board of management. Examines the role, dynamic, and best practices of each of the two boards. Additionally, the case examines the relationship between the two boards and the key factors in determining that relationship.

Keywords: Multinational Firms and Management; Corporate Governance; Governing and Advisory Boards; Business or Company Management; Management Teams; Netherlands;

Citation:
Lorsch, Jay W., and Alexis Chernak. "Philips Electronics N.V." Harvard Business School Case 407-047, February 2008. (Revised from original September 2006 version.)

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Case | HBS Case Collection | 2008 (Revised from original 2006 version)

Allianz AG: Becoming a European Company

Jay W. Lorsch and Alexis Chernak

Focuses on the decision made by leadership at Allianz AG, the German insurance and financial services company, to complete a cross-border merger with the Italian insurance and financial services company, RAS. Allianz, however, could not complete the cross-border merger by remaining a German corporation under the current German statutes. Allianz, however, could conduct the cross-border merger as a European company according to the Statute of the European Community (Societas Europaea, or SE), which was recently passed by the European Union and adopted into German law. Examines the rationale for the decision made by the Allianz supervisory board and the board of management in addition to the process of becoming an SE, including the change in the composition of the supervisory board as a result of the merger and the conversion to an SE.

Keywords: Mergers and Acquisitions; Business Organization; Decision Choices and Conditions; Cross-Cultural and Cross-Border Issues; Governing and Advisory Boards; Laws and Statutes; European Union; Germany; Italy;

Citation:
Lorsch, Jay W., and Alexis Chernak. "Allianz AG: Becoming a European Company." Harvard Business School Case 407-049, January 2008. (Revised from original October 2006 version.)

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Case | HBS Case Collection | 2007 (Revised from original 2006 version)

Board of Directors of Medtronic, Inc.

Jay W. Lorsch and Alexis Chernak

The board of directors of Medtronic, Inc., a company known for its commitment to effective corporate governance, must prepare for the departure of Chairman and CEO Bill George and the retirement of four long-time directors. The company had experienced rapid growth in the early 1990s as well as significant change in the composition of its board. Now the Medtronic directors must evaluate how the board has changed, how it will continue to change, and how it should prepare for the future.

Keywords: Change Management; Corporate Governance; Governing and Advisory Boards; Management Succession; Organizational Culture;

Citation:
Lorsch, Jay W., and Alexis Chernak. "Board of Directors of Medtronic, Inc." Harvard Business School Case 407-045, November 2007. (Revised from original September 2006 version.)

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Case | HBS Case Collection | 2007 (Revised from original 2006 version)

Hewlett-Packard Company: The War Within

Krishna G. Palepu, Jay W. Lorsch, Carin-Isabel Knoop and Eliot Sherman

In September 2006 it was revealed that the Hewlett-Packard Company (HP) had been carrying out an extended investigation of its own employees, board members, and journalists outside the company. The investigation was launched in response to a series of leaks to the press that could only have come from highly placed members of the company. Fully understanding the context of the events of September, however, requires knowledge of board personalities and events that began under former CEO Carly Fiorina and continued thought the successful turnaround under her successor, Mark Hurd. As such, special focus is given to the individual board personalities and their conflicts over this time in order to fully explore the environment in which the investigation would later take place.

Keywords: Problems and Challenges; Employee Relationship Management; Corporate Accountability; Corporate Governance; Governing and Advisory Boards; Management Analysis, Tools, and Techniques; Corporate Social Responsibility and Impact; Communication Technology; Conflict and Resolution; Newspapers; Computer Industry; Information Technology Industry;

Citation:
Palepu, Krishna G., Jay W. Lorsch, Carin-Isabel Knoop, and Eliot Sherman. "Hewlett-Packard Company: The War Within." Harvard Business School Case 107-030, May 2007. (Revised from original November 2006 version.)

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Case | HBS Case Collection | 2007 (Revised from original 2005 version)

The Board of Directors at Morgan Stanley Dean Witter (A)

Jay W. Lorsch and Ashley Robertson

Examines the resignation of Philip Purcell as chairman and CEO of Morgan Stanley as a result of poor performance and cultural problems, as well as his relationship to the board of directors.

Keywords: Cross-Cultural and Cross-Border Issues; Corporate Governance; Resignation and Termination; Performance; Rank and Position;

Citation:
Lorsch, Jay W., and Ashley Robertson. "The Board of Directors at Morgan Stanley Dean Witter (A)." Harvard Business School Case 405-105, January 2007. (Revised from original June 2005 version.)

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Supplement | HBS Case Collection | 2007 (Revised from original 2005 version)

The Board of Directors at Morgan Stanley Dean Witter (B)

Jay W. Lorsch and Alexis Chernak

Keywords: Governing and Advisory Boards; Financial Services Industry;

Citation:
Lorsch, Jay W., and Alexis Chernak. "The Board of Directors at Morgan Stanley Dean Witter (B)." Harvard Business School Supplement 406-045, January 2007. (Revised from original August 2005 version.)

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Case | HBS Case Collection | 2006 (Revised from original 2006 version)

DLA Piper: Becoming a Global Firm

Jay W. Lorsch and Alexis Chernak

Focuses on DLA Piper, a global law firm resulting from the merger of the combined U.S. firm Piper Rudnick Gray Cary and the British firm DLA. At the time of the merger, the firms had similar strategies for the future and approaches to clients. While figuring out some of the details in order to successfully merge, the firm leadership has many questions about how to further align the merged firms in terms of strategy, people and systems, structure, culture, and leadership. Examines some of the steps the firm plans to take in the future to achieve greater alignment in order to move from being several local and regional entities to becoming one global firm.

Keywords: Mergers and Acquisitions; Global Strategy; Leadership; Alignment; Expansion; Legal Services Industry; United States;

Citation:
Lorsch, Jay W., and Alexis Chernak. "DLA Piper: Becoming a Global Firm." Harvard Business School Case 407-057, October 2006. (Revised from original October 2006 version.)

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Case | HBS Case Collection | 2006 (Revised from original 2001 version)

McDuffy, Arms & Ginsberg

Jay W. Lorsch

Describes the musings of the managing partner of a law firm as he returns from an executive education program. He thinks about the many issues confronting him and his firm. Teaching Purpose: To prepare executive education participants to return to their companies and implement what they have learned.

Keywords: Executive Education; Leadership; Management; Legal Services Industry;

Citation:
Lorsch, Jay W. "McDuffy, Arms & Ginsberg." Harvard Business School Case 401-028, October 2006. (Revised from original February 2001 version.)

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Case | HBS Case Collection | 2006 (Revised from original 2004 version)

Executive Remuneration at Reckitt Benckiser plc

Jay W. Lorsch, V.G. Narayanan, Krishna G. Palepu, Lisa Brem and Ashley Robertson

Reckitt Benckiser plc has developed an executive compensation system. This case outlines the structure of the system, its emphasis on performance-based pay and a global outlook, and explains the role of the human resources department, the board of directors, and company shareholders in determining pay. It raises questions about how to balance incentive remuneration effectively in recruiting and retaining top managers, while addressing shareholder concerns about executive compensation.

Keywords: Executive Compensation; Employee Relationship Management; Human Resources; Management Analysis, Tools, and Techniques; Business Organization; Organizational Structure; Activity Based Costing and Management; Performance Evaluation; Global Strategy; Wages; Business and Shareholder Relations; Recruitment; Retail Industry;

Citation:
Lorsch, Jay W., V.G. Narayanan, Krishna G. Palepu, Lisa Brem, and Ashley Robertson. "Executive Remuneration at Reckitt Benckiser plc." Harvard Business School Case 104-062, July 2006. (Revised from original January 2004 version.)

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Case | HBS Case Collection | 2005 (Revised from original 1999 version)

Quickturn Design Systems, Inc. (F)

Jay W. Lorsch and Katharina Pick

Supplements the (A) case.

Citation:
Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (F)." Harvard Business School Case 400-011, December 2005. (Revised from original July 1999 version.)

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Case | HBS Case Collection | 2005 (Revised from original 1999 version)

Quickturn Design Systems, Inc. (G)

Jay W. Lorsch and Katharina Pick

Supplements the (A) case.

Citation:
Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (G)." Harvard Business School Case 400-012, December 2005. (Revised from original July 1999 version.)

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Supplement | HBS Case Collection | 2005

Michael Ovitz and The Walt Disney Company (B)

Jay W. Lorsch and Alexis Chernak

Keywords: Entertainment and Recreation Industry;

Citation:
Lorsch, Jay W., and Alexis Chernak. "Michael Ovitz and The Walt Disney Company (B)." Harvard Business School Supplement 406-066, November 2005.

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Case | HBS Case Collection | 2005

Michael Ovitz and The Walt Disney Company (A)

Jay W. Lorsch and Alexis Chernak

Faced with the need to hire a new president, The Walt Disney Co. pursued Michael Ovitz, a founder of the Creative Artist Agency. Although initially disinterested, Ovitz engaged in negotiations with Michael Eisner, CEO of The Walt Disney Co., in the summer of 1995 before accepting an offer. Ovitz officially began as president on October 1 of that year. While the hiring of Ovitz was at first heralded as a coup for Disney, Eisner and senior executives began to have doubts about Ovitz's fit with the company culture. By the summer of 1996, Eisner decided Ovitz had to be fired. He began conversations with members of the board of directors, who agreed Ovitz's contract should be terminated. Ovitz left the company at the end of the year with a sizable severance package.

Keywords: Corporate Governance; Management Teams; Selection and Staffing; Negotiation; Organizational Culture;

Citation:
Lorsch, Jay W., and Alexis Chernak. "Michael Ovitz and The Walt Disney Company (A)." Harvard Business School Case 406-065, November 2005.

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Case | HBS Case Collection | 2005 (Revised from original 2004 version)

Kinetic Concepts, Inc.

Jay W. Lorsch, Dwight B. Crane and Ashley Robertson

Raises issues about how the nature and function of a board changes as a company moves from ownership by its employees, including the founder, to ownership by a private equity firm, Fremont Partners, culminating in a highly successful IPO. Gives students the opportunity to consider changes in board membership, board duties, and responsibilities. Teaching Purpose: To enable students to think about improving corporate governance at a specific company.

Citation:
Lorsch, Jay W., Dwight B. Crane, and Ashley Robertson. "Kinetic Concepts, Inc." Harvard Business School Case 405-042, July 2005. (Revised from original October 2004 version.)

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Case | HBS Case Collection | 2005 (Revised from original 2004 version)

Digitas (A)

Jay W. Lorsch and Ashley Robertson

Raises issues about how the nature and function of a board changes as its company moves from ownership by its employees (including the founder) to ownership by a private equity firm, Hellman & Friedman, to public ownership. Teaching Purpose: To consider changes in board membership, board duties, and board responsibilities. A rewritten version of an earlier case.

Citation:
Lorsch, Jay W., and Ashley Robertson. "Digitas (A)." Harvard Business School Case 405-023, June 2005. (Revised from original July 2004 version.)

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Supplement | HBS Case Collection | 2005

Hancock Land Company and Hancock Lumber Company (VHS Video)

John A. Davis, Dwight B. Crane and Jay W. Lorsch

Keywords: Forest Products Industry; Real Estate Industry;

Citation:
Davis, John A., Dwight B. Crane, and Jay W. Lorsch. "Hancock Land Company and Hancock Lumber Company (VHS Video)." Harvard Business School Video Supplement 805-703, June 2005.

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Supplement | HBS Case Collection | 2005

Hancock Land Company and Hancock Lumber Company (DVD)

John A. Davis, Dwight B. Crane, Kelly Mulderry and Jay W. Lorsch

Keywords: Forest Products Industry; Real Estate Industry;

Citation:
Davis, John A., Dwight B. Crane, Kelly Mulderry, and Jay W. Lorsch. "Hancock Land Company and Hancock Lumber Company (DVD)." Harvard Business School Video Supplement 805-704, June 2005.

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Case | HBS Case Collection | 2005 (Revised from original 2004 version)

Digitas (B)

Jay W. Lorsch and Ashley Robertson

Supplements the (A) case.

Citation:
Lorsch, Jay W., and Ashley Robertson. "Digitas (B)." Harvard Business School Case 405-025, April 2005. (Revised from original July 2004 version.)

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Case | HBS Case Collection | 2005 (Revised from original 2005 version)

The P&G Acquisition of Gillette

Jay W. Lorsch and Ashley Robertson

Raises issues about the role of boards of directors in compensating CEOs and, specifically, the rewards granted to CEOs for arranging a change-of-control for their companies.

Keywords: Governing and Advisory Boards; Acquisition; Corporate Governance; Consumer Products Industry; United States;

Citation:
Lorsch, Jay W., and Ashley Robertson. "The P&G Acquisition of Gillette." Harvard Business School Case 405-082, March 2005. (Revised from original February 2005 version.)

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Case | HBS Case Collection | 2005 (Revised from original 2004 version)

SOX-POX?

Jay W. Lorsch

Describes the experiences of audit committee chairmen in responding to and implementing the Sarbanes-Oxley Act. Teaching Purpose: To help students understand the impact of the Sarbanes-Oxley Act on audit committees.

Keywords: Accounting Audits; Governing Rules, Regulations, and Reforms; Law Enforcement;

Citation:
Lorsch, Jay W. "SOX-POX?" Harvard Business School Case 404-139, March 2005. (Revised from original May 2004 version.)

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Case | HBS Case Collection | 2004 (Revised from original 2004 version)

Restoring Trust at WorldCom

Jay W. Lorsch and Ashley Robertson

Examines the changes in corporate governance at WorldCom/MCI as proposed by the company's court-appointed corporate monitor, Richard Breeden. Following the largest bankruptcy ever and the downfall of the company, Breeden wrote "Restoring Trust," a report comprised of 78 recommendations for the future governance of the company. Teaching Purpose: To think about how to improve corporate governance at a specific company.

Keywords: Change; Insolvency and Bankruptcy; Corporate Governance; Governing Rules, Regulations, and Reforms; Business and Government Relations; Trust;

Citation:
Lorsch, Jay W., and Ashley Robertson. "Restoring Trust at WorldCom." Harvard Business School Case 404-138, November 2004. (Revised from original June 2004 version.)

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Case | HBS Case Collection | 2004 (Revised from original 2004 version)

On Becoming a Board Member

Jay W. Lorsch and Ashley Robertson

A Hispanic executive is considering whether to join the board of directors of a company and receives advice from several more experienced directors. Teaching Purpose: To focus on the issues related to joining a board of directors.

Keywords: Ethnicity Characteristics; Governing and Advisory Boards; Leadership; Management;

Citation:
Lorsch, Jay W., and Ashley Robertson. "On Becoming a Board Member." Harvard Business School Case 405-012, August 2004. (Revised from original July 2004 version.)

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Case | HBS Case Collection | 2004 (Revised from original 2003 version)

Board of Directors at The Coca-Cola Company, The

Jay W. Lorsch, Rakesh Khurana and Sonya Sanchez

Provides a history of the board of directors of the Coca-Cola Co. through 2003. Describes the evolution in the board's membership, practices, and structure and the role it played in the company's governance. Questions are raised about the relationship between the board and top management, especially how the board is carrying out its responsibilities in the 21st century.

Citation:
Lorsch, Jay W., Rakesh Khurana, and Sonya Sanchez. "Board of Directors at The Coca-Cola Company, The." Harvard Business School Case 404-039, January 2004. (Revised from original August 2003 version.)

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Class Lecture | 2004

Corporate Governance in the U.S.: Scandals, Reforms, and the Future

Jay W. Lorsch

Keywords: Corporate Accountability; Governing Rules, Regulations, and Reforms; United States;

Citation:
Lorsch, Jay W. "Corporate Governance in the U.S.: Scandals, Reforms, and the Future." Boston: Harvard Business School Publishing Class Lecture, 2004. Electronic. (Faculty Lecture: HBSP Product Number 5844C.)

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Case | HBS Case Collection | 2003

SEC Proposal for Nomination of Directors by Shareholders

Jay W. Lorsch and Ashley Robertson

Describes the U.S. Securities and Exchange Commission's 2003 proposal to allow shareholders to nominate a "short slate" of directors for the board of listed companies. Includes comment letters for and against the proposal.

Keywords: Corporate Governance; Management Teams; Business and Shareholder Relations; United States;

Citation:
Lorsch, Jay W., and Ashley Robertson. "SEC Proposal for Nomination of Directors by Shareholders." Harvard Business School Case 404-048, August 2003.

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Case | HBS Case Collection | 2001 (Revised from original 1999 version)

Quickturn Design Systems, Inc. (D)

Jay W. Lorsch and Katharina Pick

Supplements the (A) case.

Citation:
Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (D)." Harvard Business School Case 400-005, October 2001. (Revised from original July 1999 version.)

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Case | HBS Case Collection | 2001 (Revised from original 2001 version)

Coca-Cola Company: The Quaker Oats Acquisition (A), The

Jay W. Lorsch and Sonya Sanchez

Discusses how CEOs should think about bringing strategic issues to the board, what issues to bring, how to position them, and which information to provide.

Keywords: Managerial Roles; Corporate Governance; Strategy; Governing and Advisory Boards; Mergers and Acquisitions; Food and Beverage Industry;

Citation:
Lorsch, Jay W., and Sonya Sanchez. "Coca-Cola Company: The Quaker Oats Acquisition (A), The." Harvard Business School Case 402-027, October 2001. (Revised from original September 2001 version.)

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Case | HBS Case Collection | 2001 (Revised from original 2001 version)

Coca-Cola Company: The Quaker Oats Acqisition (B), The

Jay W. Lorsch and Sonya Sanchez

Supplements the (A) case.

Keywords: Food and Beverage Industry;

Citation:
Lorsch, Jay W., and Sonya Sanchez. "Coca-Cola Company: The Quaker Oats Acqisition (B), The." Harvard Business School Case 402-030, October 2001. (Revised from original September 2001 version.)

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Case | HBS Case Collection | 2001

McKinsey & Co.

Jay W. Lorsch and Katharina Pick

One of the world's premier consulting firms faces challenges of globalization, growth, and competitive pressures. This case describes the 75-year history of the firm and how its strategy and culture evolved through 2001.

Keywords: History; Growth Management; Organizational Structure; Decision Making; Alignment; Global Strategy; Employees; Problems and Challenges; Consulting Industry;

Citation:
Lorsch, Jay W., and Katharina Pick. "McKinsey & Co." Harvard Business School Case 402-014, August 2001.

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Case | HBS Case Collection | 2001 (Revised from original 1999 version)

Quickturn Design Systems, Inc. (A)

Jay W. Lorsch and Katharina Pick

Quickturn Design Systems, Inc. faces a hostile takeover bid from its competitor, Mentor Graphics. Mentor makes the bid at a moment when Quickturn's stock price is depressed and the company is defending against a patent suit filed by Mentor. The two companies have a history of patent disputes, all of which Quickturn has won. Teaching Purpose: Examines the Quickturn board's fiduciary duties in the context of a hostile takeover as well as the effectiveness and legality of various defensive measures.

Citation:
Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (A)." Harvard Business School Case 400-001, April 2001. (Revised from original July 1999 version.)

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Case | HBS Case Collection | 2001 (Revised from original 1999 version)

Quickturn Design Systems, Inc. (B)

Jay W. Lorsch and Katharina Pick

Supplements the (A) case.

Citation:
Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (B)." Harvard Business School Case 400-003, April 2001. (Revised from original July 1999 version.)

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Teaching Note | HBS Case Collection | 2001

RJR Nabisco Board, The: Guardians of the Gate? (A) and (B) TN

Jay W. Lorsch

Teaching Note for ((9-491-120) and (9-491-121).

Keywords: Consumer Products Industry;

Citation:
Lorsch, Jay W. "RJR Nabisco Board, The: Guardians of the Gate? (A) and (B) TN." Harvard Business School Teaching Note 401-020, February 2001.

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Case | HBS Case Collection | 2001

California PERS (B)

Jay O. Light, Jay W. Lorsch, James O. Sailer and Katharina Pick

The largest state pension fund continues the evolution of its approach to corporate governance contemplating "relationship investing" and other new approaches.

Keywords: Investment; Corporate Governance; Financial Management; Asset Management; Business and Shareholder Relations; Investment Funds; Financial Services Industry; California;

Citation:
Light, Jay O., Jay W. Lorsch, James O. Sailer, and Katharina Pick. "California PERS (B)." Harvard Business School Case 201-091, February 2001.

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Case | HBS Case Collection | 2000 (Revised from original 1991 version)

California PERS (A)

Jay O. Light, Jay W. Lorsch and James O. Sailer

Examines California Public Employees Retirement System (CalPERS), the world's fourth largest pension fund. Dale Hanson, CEO of CalPERS, has a problem; how does he use CalPERS' influence as the holder of a small percentage of 1,300 American companies to put pressure on corporate America to achieve better returns for shareholders? The case discusses the constraints which confront CalPERS as a quasi-state agency and describes their efforts to improve corporate governance to date.

Keywords: Employees; Retirement; System; Asset Pricing; Performance Improvement; Corporate Governance; Investment Funds; Investment Return; California;

Citation:
Light, Jay O., Jay W. Lorsch, and James O. Sailer. "California PERS (A)." Harvard Business School Case 291-045, August 2000. (Revised from original July 1991 version.)

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Case | HBS Case Collection | 2000

Mannesmann AG

Jay W. Lorsch and Katharina Pick

Explores the functioning of a German supervisory board in the context of a takeover bid made by a British company.

Keywords: Corporate Governance; Mergers and Acquisitions; Governing and Advisory Boards; Cross-Cultural and Cross-Border Issues; Germany; United Kingdom;

Citation:
Lorsch, Jay W., and Katharina Pick. "Mannesmann AG." Harvard Business School Case 401-013, August 2000.

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Background Note | HBS Case Collection | 2000

Note on CEO Evaluation

Jay W. Lorsch and Katharina Pick

Discusses the trend toward formal evaluations, by boards of directors, of CEO performance. The benefits and challenges of CEO evaluation are discussed and a particular process of CEO evaluation at Dayton Hudson Corp. is described. Teaching Purpose: To introduce issues surrounding formal CEO evaluation, and the benefits, the challenges, and the characteristics of one already existing process.

Keywords: Governing and Advisory Boards; Business Processes; Performance; Problems and Challenges; Valuation;

Citation:
Lorsch, Jay W., and Katharina Pick. "Note on CEO Evaluation." Harvard Business School Background Note 400-100, June 2000.

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Teaching Note | HBS Case Collection | 1999

Ray Corey at Norton TN

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Ray Corey at Norton TN." Harvard Business School Teaching Note 400-046, October 1999.

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Case | HBS Case Collection | 1999

Quickturn Design Systems, Inc. (C)

Jay W. Lorsch and Katharina Pick

Supplements the (A) case.

Citation:
Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (C)." Harvard Business School Case 400-004, July 1999.

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Case | HBS Case Collection | 1999

Quickturn Design Systems, Inc. (E)

Jay W. Lorsch and Katharina Pick

Supplements the (A) case.

Citation:
Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (E)." Harvard Business School Case 400-006, July 1999.

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Case | HBS Case Collection | 1999

Furr's/Bishop's, Inc. (A)

Jay W. Lorsch and Katharina Pick

Citation:
Lorsch, Jay W., and Katharina Pick. "Furr's/Bishop's, Inc. (A)." Harvard Business School Case 499-064, June 1999.

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Case | HBS Case Collection | 1999

Furr's/Bishop's, Inc. (B)

Jay W. Lorsch and Katharina Pick

Citation:
Lorsch, Jay W., and Katharina Pick. "Furr's/Bishop's, Inc. (B)." Harvard Business School Case 499-073, June 1999.

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Case | HBS Case Collection | 1999

Furr's/Bishop's, Inc. (C)

Jay W. Lorsch and Katharina Pick

Keywords: Food and Beverage Industry;

Citation:
Lorsch, Jay W., and Katharina Pick. "Furr's/Bishop's, Inc. (C)." Harvard Business School Case 499-074, June 1999.

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Teaching Note | HBS Case Collection | 1999

California PERS TN

Jay W. Lorsch

Teaching Note for (9-291-045).

Keywords: California;

Citation:
Lorsch, Jay W. "California PERS TN." Harvard Business School Teaching Note 499-051, March 1999.

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Teaching Note | HBS Case Collection | 1999

CEO Evaluation at Dayton Hudson TN

Jay W. Lorsch

Teaching Note for (9-491-116).

Citation:
Lorsch, Jay W. "CEO Evaluation at Dayton Hudson TN." Harvard Business School Teaching Note 499-052, March 1999.

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Teaching Note | HBS Case Collection | 1999

Lyondell Petrochemical Company TN

Jay W. Lorsch

Teaching Note for (9-498-028).

Keywords: Chemical Industry;

Citation:
Lorsch, Jay W. "Lyondell Petrochemical Company TN." Harvard Business School Teaching Note 499-053, March 1999.

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Case | HBS Case Collection | 1998

Corpoven, S.A.

Jay W. Lorsch and Daniel P. Erikson

Keywords: Energy Industry;

Citation:
Lorsch, Jay W., and Daniel P. Erikson. "Corpoven, S.A." Harvard Business School Case 498-079, May 1998.

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Case | HBS Case Collection | 1998

Lyondell Petrochemical Company

Jay W. Lorsch and Daniel P. Erikson

In August 1994, Lyondell Petrochemical Co.'s corporate parent and largest single shareholder effectively shed its stock, resulting in the resignation of 5 of its 11 directors. The remaining outside directors immediately acted to overhaul the executive compensation plan used to pay the CEO and other top officers. This case examines the role played by the compensation committee of the board of directors in this initiative. Also addresses several important aspects of the compensation process, including the role played by outside consultants, appropriate ways of measuring performance, and the motivational impact of pay plans on management.

Keywords: Corporate Governance; Governing and Advisory Boards; Executive Compensation; Design; Business or Company Management; Management Teams; Mining Industry;

Citation:
Lorsch, Jay W., and Daniel P. Erikson. "Lyondell Petrochemical Company." Harvard Business School Case 498-028, February 1998.

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Case | HBS Case Collection | 1996

Del Webb Corporation (A), The

Jay W. Lorsch and Samanta Graff

Begins with a company history, tracing the tenures of founder Del E. Webb and his successor as chairman and CEO, Robert H. Johnson. Johnson inherited a diversified company that was involved in construction, real estate development (including the famous Sun City), and the hotel-casino business. Johnson left Del Webb near bankruptcy in 1981, and renowned turnaround artist Robert K. Swanson was brought in to rescue the company. Describes Swanson's turnaround scheme and proceeds to highlight the misgivings of several corporate managers toward Swanson's managerial style, boardroom appointment, and strategic plans. When CFO Phil Dion was promoted to president and nominated to the board in 1987, he began to challenge Swanson aggressively. The board, which comprised many of Swanson's close friends and business colleagues, was supportive of Swanson. In the fall of 1987, crisis hit. The company was forced to take a close to $100 million write-down, the stock price took a dive, and Swanson and three board members resigned. The remaining board members were left with a faltering company and no succession plan.

Keywords: History; Management Style; Conflict Management; Management Teams; Governing and Advisory Boards; Management Succession; Crisis Management; Insolvency and Bankruptcy; Construction Industry; Accommodations Industry; Real Estate Industry; Entertainment and Recreation Industry;

Citation:
Lorsch, Jay W., and Samanta Graff. "Del Webb Corporation (A), The." Harvard Business School Case 497-016, November 1996.

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Case | HBS Case Collection | 1996

Del Webb Corporation (B), The

Jay W. Lorsch and Samanta Graff

On November 16, 1987, the Del Webb board appointed Phil Dion chairman and CEO. This case outlines the development and implementation of a strategy to focus exclusively on real estate development and to liquidate all other assets. Discusses the appointment of two new board members to fill the slots vacated by the directors who followed Swanson out the door. Proceeds to describe the activities of two investors: Ronald Brierly of Industrial Equity Pacific and James Cotter of Webcott Holdings. Independently of one another, these investors had each purchased over 9% of Del Webb stock at a premium just before the stock price plummeted in the fall of 1987. These investors laid low for over a year, waiting to see if the descent in the stock price had been a temporary blip or a sustaining trend. When they concluded it was the latter, each investor approached Dion with the request that he be allowed to put a representative on the Del Webb board.

Keywords: Crisis Management; Management Succession; Strategic Planning; Governing and Advisory Boards; Business and Shareholder Relations; Conflict of Interests; Real Estate Industry;

Citation:
Lorsch, Jay W., and Samanta Graff. "Del Webb Corporation (B), The." Harvard Business School Case 497-017, November 1996.

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Case | HBS Case Collection | 1996

Del Webb Corporation (C), The

Jay W. Lorsch and Samanta Graff

Dion and the other Del Webb directors were open to having Industrial Equity Pacific (IEP) and Webcott Holdings representation on the board. The IEP representative was perceived as reserved and lacking in sophistication. Cotter of Webcott, however, struck the directors as savvy but antagonistic and disruptive. Cotter's goal was to position the company as a possible takeover target, and he agitated in the boardroom for changes that he felt would open up the company to potential acquirers. He also launched a proxy battle in an attempt to eliminate Dion's golden parachute and the company's poison pill.

Keywords: Crisis Management; Management Succession; Strategic Planning; Governing and Advisory Boards; Horizontal Integration; Conflict Management;

Citation:
Lorsch, Jay W., and Samanta Graff. "Del Webb Corporation (C), The." Harvard Business School Case 497-019, November 1996.

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Case | HBS Case Collection | 1996 (Revised from original 1995 version)

Cambridge Consulting Group: Bob Anderson

John J. Gabarro and Jay W. Lorsch

Describes the situation facing the head of a rapidly growing industry-focused group within a consulting company. Highlights the dilemmas of being a "producing manager" (i.e., a professional who has both individual production as well as management responsibilities). Issues raised include: delegation, developing subordinates, developing an agenda, and building an organization.

Keywords: Management; Managerial Roles; Agency Theory; Consulting Industry;

Citation:
Gabarro, John J., and Jay W. Lorsch. "Cambridge Consulting Group: Bob Anderson." Harvard Business School Case 496-023, October 1996. (Revised from original October 1995 version.)

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Case | HBS Case Collection | 1996 (Revised from original version)

American Express (A)

Jay W. Lorsch

In January 1993, the American Express board met to decide who would succeed James D. Robinson, III as chairman and CEO. The board needed to act in the spotlight of intense media and investor scrutiny, and after leaks had revealed that there was a conflict among the board members about whether Robinson should have been asked to leave. The board needed to find a way of calming the public's concern over the future of American Express, at the same time choosing a leadership structure that would lead American Express for the foreseeable future. The case brings up several critical issues revolving around CEO succession and performance evaluation: What should the board take into account when deciding when to ask a CEO to step down? What kinds of processes can boards institute so that such battles over CEO succession will not ensue?

Keywords: Decision Making; Corporate Governance; Resignation and Termination; Leadership; Management Succession; Performance Evaluation;

Citation:
Lorsch, Jay W. "American Express (A)." Harvard Business School Case 494-093, August 1996. (Revised from original April 1994 version.)

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Case | HBS Case Collection | 1996 (Revised from original version)

Governance at Metallgesellschaft (A)

Jay W. Lorsch and Samanta Graff

MG Corp., a U.S. subsidiary of Germany's international conglomerate, Metallgesellschaft, engaged in a disastrous hedging strategy that nearly dragged the entire enterprise into bankruptcy. This case explores issues of responsibility and accountability among the relevant boards. In doing so, it highlights the German two-tier board system of governance.

Citation:
Lorsch, Jay W., and Samanta Graff. "Governance at Metallgesellschaft (A)." Harvard Business School Case 495-055, July 1996. (Revised from original April 1995 version.)

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Supplement | HBS Case Collection | 1996 (Revised from original version)

Governance at Metallgesellschaft (B)

Jay W. Lorsch and Samanta Graff

Supplements the (A) case.

Keywords: Governance;

Citation:
Lorsch, Jay W., and Samanta Graff. "Governance at Metallgesellschaft (B)." Harvard Business School Supplement 495-056, July 1996. (Revised from original April 1995 version.)

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Teaching Note | HBS Case Collection | 1996 (Revised from original 1996 version)

General Mills Board and Strategic Planning and Lukens Inc., The: The Melters' Committee (A) & (B) TN

Jay W. Lorsch, Cynthia A. Montgomery and Lisa J. Chadderdon

Teaching Note for (9-491-117), (9-493-070), and (9-493-071).

Keywords: Strategic Planning; Governing and Advisory Boards; Joint Ventures; Sales; Strategy; Managerial Roles; Steel Industry;

Citation:
Lorsch, Jay W., Cynthia A. Montgomery, and Lisa J. Chadderdon. "General Mills Board and Strategic Planning and Lukens Inc., The: The Melters' Committee (A) & (B) TN." Harvard Business School Teaching Note 796-082, June 1996. (Revised from original February 1996 version.)

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Case | HBS Case Collection | 1996 (Revised from original version)

First National City Bank Operating Group (A)

Jay W. Lorsch

Growth in the banking field has produced new demands on the "back office." Traditional management practices in check processing and paper handling operations have resulted in ten years of cost increases and quality loss. New manager of the operating group faces an action question--can he turn the back office into a production-oriented factory?

Keywords: Change Management; Transition; Banks and Banking; Management Practices and Processes; Managerial Roles; Production; Banking Industry;

Citation:
Lorsch, Jay W. "First National City Bank Operating Group (A)." Harvard Business School Case 474-165, June 1996. (Revised from original March 1974 version.)

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Case | HBS Case Collection | 1996 (Revised from original version)

Hawthorne (A): The Compensation Consulting Marketplace

Jay W. Lorsch and Geoffrey Love

Keywords: Markets; Compensation and Benefits; Strategy;

Citation:
Lorsch, Jay W., and Geoffrey Love. "Hawthorne (A): The Compensation Consulting Marketplace." Harvard Business School Case 495-065, June 1996. (Revised from original June 1995 version.)

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Case | HBS Case Collection | 1996 (Revised from original version)

Hawthorne (B): The Hawthorne Compensation Consulting Practice

Jay W. Lorsch and Geoffrey Love

Keywords: Markets; Compensation and Benefits; Strategy;

Citation:
Lorsch, Jay W., and Geoffrey Love. "Hawthorne (B): The Hawthorne Compensation Consulting Practice." Harvard Business School Case 495-066, June 1996. (Revised from original June 1995 version.)

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Case | HBS Case Collection | 1996

Seagate Associates Inc.

Jeffrey L. Bradach, Jay W. Lorsch and Samanta Graff

Citation:
Bradach, Jeffrey L., Jay W. Lorsch, and Samanta Graff. "Seagate Associates Inc." Harvard Business School Case 496-053, April 1996.

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Case | HBS Case Collection | 1996

Eastman Chemical Company: Building a Board from Scratch

Jay W. Lorsch and Samanta Graff

Eastman Chemical Co. spun off from Kodak in 1993. The CEO of Eastman, Earnest Deavenport did not want the new company's board any members of the Kodak board to include, so he initiated a deliberate and thorough process to build an entirely new board that he hoped would be on the cutting edge. This case describes the selection process and documents the backgrounds of the chosen directors. Discusses the board's first year at work, and it records the reflections "one year in" of Deavenport and some of the board members.

Keywords: Corporate Governance; Management Teams; Selection and Staffing; Chemical Industry;

Citation:
Lorsch, Jay W., and Samanta Graff. "Eastman Chemical Company: Building a Board from Scratch." Harvard Business School Case 496-043, February 1996.

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Case | HBS Case Collection | 1996 (Revised from original version)

The General Mills Board and Strategic Planning

Jay W. Lorsch

Examines the General Mills Board of Directors' role in the General Mills joint venture with Nestle S.A. to sell cereals outside of North America. It raises the more general question of the appropriate role for the board of directors in strategy formulation.

Keywords: Joint Ventures; Trade; Corporate Governance; Managerial Roles; Expansion; Food and Beverage Industry; North America;

Citation:
Lorsch, Jay W. "The General Mills Board and Strategic Planning." Harvard Business School Case 491-117, January 1996. (Revised from original March 1991 version.)

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Case | HBS Case Collection | 1995

"Marketing" at Wachtell, Lipton, Rosen & Katz

Jay W. Lorsch and Samanta Graff

Describes the history and unique operating principles of the most successful corporate law firm in the country. Closes with a lengthy quotation by Martin Lipton, who is one of the firm's founding partners and who is described in an American Lawyer article as the "Elvis Presley of the M&A field." Lipton reflects on certain activities that the firm carries out aimed at building its reputation. Whether or not these activities constitute marketing is left an open question.

Keywords: History; Marketing Strategy; Reputation; Business Strategy; Legal Services Industry;

Citation:
Lorsch, Jay W., and Samanta Graff. "Marketing" at Wachtell, Lipton, Rosen & Katz. Harvard Business School Case 496-037, November 1995.

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Case | HBS Case Collection | 1995 (Revised from original 1994 version)

Tower Air, Inc.

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Tower Air, Inc." Harvard Business School Case 494-097, July 1995. (Revised from original April 1994 version.)

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Case | HBS Case Collection | 1995 (Revised from original version)

First National City Bank Operating Group (B)

Jay W. Lorsch

Growth in demands on the bank's "back office" required a totally new approach to management. New stress on systems orientation, objectives, measurement, process design and control has resulted in lower costs, fewer people, and higher quality. Also resulted in fear, suspicion, and alienation in middle management. How to get the benefits of change without the unanticipated consequences?

Keywords: Change Management; Transition; Banks and Banking; Management Practices and Processes; Managerial Roles; Production; Outcome or Result; Banking Industry;

Citation:
Lorsch, Jay W. "First National City Bank Operating Group (B)." Harvard Business School Case 474-166, June 1995. (Revised from original March 1974 version.)

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Case | HBS Case Collection | 1995 (Revised from original 1991 version)

Alantar, Inc.

Jay W. Lorsch

The CEO and chairman of Alantar, Inc. is confronted with the problem of how to create a more effective board of directors and also how to provide for his own successor.

Keywords: Governing and Advisory Boards; Management Succession; Agriculture and Agribusiness Industry; Ecuador;

Citation:
Lorsch, Jay W. "Alantar, Inc." Harvard Business School Case 391-158, March 1995. (Revised from original February 1991 version.)

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Case | HBS Case Collection | 1995 (Revised from original version)

Board of Directors: Membership

Jay W. Lorsch

Keywords: Governing and Advisory Boards;

Citation:
Lorsch, Jay W. "Board of Directors: Membership." Harvard Business School Case 491-081, March 1995. (Revised from original February 1991 version.)

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Case | HBS Case Collection | 1995 (Revised from original version)

Cardinal Health, Inc.

Jay W. Lorsch

Robert D. Walter, chairman and CEO of Cardinal Health, Inc., responds to questions regarding Cardinal's board and its influence on the acquisition of and merger with Whitmire Distribution.

Keywords: Mergers and Acquisitions; Governing and Advisory Boards; Power and Influence; Management Teams; Distribution Industry; Medical Devices and Supplies Industry; Health Industry;

Citation:
Lorsch, Jay W. "Cardinal Health, Inc." Harvard Business School Case 494-108, January 1995. (Revised from original March 1994 version.)

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Supplement | HBS Case Collection | 1994

American Express (B)

Jay W. Lorsch

Supplements the (A) case.

Citation:
Lorsch, Jay W. "American Express (B)." Harvard Business School Supplement 494-094, April 1994.

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Case | HBS Case Collection | 1993

United Way of America: Governance in the Nonprofit Sector (A), The United Way

Jay W. Lorsch

Discusses the management practices of William Aramony at the United Way of America (UWA). First, the case describes the United Way movement, focusing on both the local chapters and the national organization. Second, it sets forth the Washington Post reports that lead to the UWA scandal. Third, it shows how the board of governors, the local chapters, Aramony, and donors responded to the scandal.

Keywords: Corporate Governance; Nonprofit Organizations; Management Practices and Processes; Managerial Roles; Management Teams; Crisis Management; Public Administration Industry; United States;

Citation:
Lorsch, Jay W. "United Way of America: Governance in the Nonprofit Sector (A), The United Way." Harvard Business School Case 494-032, October 1993.

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Supplement | HBS Case Collection | 1993

United Way of America: Governance in the Nonprofit Sector (B), Kenneth W. Dam Becomes Interim President

Jay W. Lorsch

Analyzes the measures taken by the United Way of America (UWA) and its board of governors in response to the 1992 Washington Post reports that lead to the UWA scandal.

Keywords: Crime and Corruption; Governance; Governing and Advisory Boards; Newspapers; Nonprofit Organizations; United States;

Citation:
Lorsch, Jay W. "United Way of America: Governance in the Nonprofit Sector (B), Kenneth W. Dam Becomes Interim President." Harvard Business School Supplement 494-033, October 1993.

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Case | HBS Case Collection | 1993 (Revised from original 1993 version)

Lukens Inc.: The Melters' Committee (A)

Jay W. Lorsch

Discusses the Lukens board's involvement in strategic planning.

Keywords: Governing and Advisory Boards; Strategic Planning;

Citation:
Lorsch, Jay W. "Lukens Inc.: The Melters' Committee (A)." Harvard Business School Case 493-070, October 1993. (Revised from original April 1993 version.)

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Supplement | HBS Case Collection | 1993 (Revised from original 1993 version)

Lukens Inc.: The Melters' Committee (B)

Jay W. Lorsch

Supplements the (A) case.

Citation:
Lorsch, Jay W. "Lukens Inc.: The Melters' Committee (B)." Harvard Business School Supplement 493-071, October 1993. (Revised from original April 1993 version.)

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Case | HBS Case Collection | 1993 (Revised from original 1993 version)

Praxair: Creating a Board (A)

Jay W. Lorsch

Discusses the process a CEO/chairman goes through in creating a new board. Specifically, follows a CEO's decision-making process in selecting board members. Also includes decisions about the selection process for board members and the structure and process of board meetings.

Keywords: Governing and Advisory Boards; Decision Making; Corporate Governance; Conferences; Business or Company Management; Selection and Staffing;

Citation:
Lorsch, Jay W. "Praxair: Creating a Board (A)." Harvard Business School Case 493-038, September 1993. (Revised from original March 1993 version.)

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Case | HBS Case Collection | 1993 (Revised from original version)

Ross Perot and General Motors

Jay W. Lorsch

In December, 1986 the General Motors Board of Directors must decide whether to accept the buyout agreement between GM and Ross Perot, a director of GM and its largest stockholder. The agreement called for GM to purchase all of Perot's GM shares in exchange for his resignation from the GM board and his resignation as Chairman of EDS, the company Perot founded in 1963 and sold to GM in 1984. The case chronicles a history of the Perot/GM merger, and the friction between Perot and GM management which led to the buyout agreement.

Keywords: Leveraged Buyouts; Mergers and Acquisitions; Stock Shares; Resignation and Termination; Business or Company Management; Agreements and Arrangements;

Citation:
Lorsch, Jay W. "Ross Perot and General Motors." Harvard Business School Case 491-027, June 1993. (Revised from original February 1991 version.)

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Supplement | HBS Case Collection | 1993

Praxair: Creating a Board (B)

Jay W. Lorsch

Discusses the final formation of Praxair's board. Lists the members chosen with their backgrounds. Also describes the selection process of board members, and the structure and process of board meetings.

Keywords: Conferences; Governing and Advisory Boards; Selection and Staffing; Management Practices and Processes;

Citation:
Lorsch, Jay W. "Praxair: Creating a Board (B)." Harvard Business School Supplement 493-065, March 1993.

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Case | HBS Case Collection | 1992

Allegheny International Board (A)

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Allegheny International Board (A)." Harvard Business School Case 492-042, March 1992.

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Supplement | HBS Case Collection | 1992

Allegheny International Board (B)

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Allegheny International Board (B)." Harvard Business School Supplement 492-043, March 1992.

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Case | HBS Case Collection | 1991 (Revised from original version)

CEO Evaluation at Dayton Hudson

Jay W. Lorsch

Describes the Dayton Hudson CEO evaluation process, one of the most intensive in corporate America today. The board of directors' role in the evaluation is examined, as is the question of whether the Dayton Hudson CEO evaluation process should serve as a model for other corporations.

Keywords: Performance Evaluation; Governing and Advisory Boards; Management Succession; Management Teams;

Citation:
Lorsch, Jay W. "CEO Evaluation at Dayton Hudson." Harvard Business School Case 491-116, October 1991. (Revised from original March 1991 version.)

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Case | HBS Case Collection | 1991 (Revised from original version)

RJR Nabisco Board: Guardians of the Gate? (A)

Jay W. Lorsch

Charles Hugel, the chairman of RJR Nabisco, receives a call from RJR Nabisco's CEO, Ross Johnson; Johnson plans to present an LBO plan to the board of directors at the board meeting the following week. The case details Hugel's actions as chairman, and describes the events leading up to the bidding deadline for the company. The special committee of RJR Nabisco's board must decide which of the three groups vying for the company submitted the best bid.

Keywords: Leveraged Buyouts; Situation or Environment; Bids and Bidding; Decision Making; Managerial Roles; Governing and Advisory Boards; Management Teams; Consumer Products Industry; Food and Beverage Industry;

Citation:
Lorsch, Jay W. "RJR Nabisco Board: Guardians of the Gate? (A)." Harvard Business School Case 491-120, July 1991. (Revised from original April 1991 version.)

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Supplement | HBS Case Collection | 1991 (Revised from original version)

RJR Nabisco Board: Guardians of the Gate? (B)

Jay W. Lorsch

The special committee of the RJR Nabisco board has extended the bidding deadline for the company by 10 days. The case explains the process by which Kohlberg Kravis Roberts and the management group bid against one another for ownership of RJR Nabisco. The board of directors is left with a decision: who has submitted the best bid?

Keywords: Leveraged Buyouts; Situation or Environment; Bids and Bidding; Decision Making; Managerial Roles; Governing and Advisory Boards; Management Teams; Consumer Products Industry; Food and Beverage Industry;

Citation:
Lorsch, Jay W. "RJR Nabisco Board: Guardians of the Gate? (B)." Harvard Business School Supplement 491-121, July 1991. (Revised from original April 1991 version.)

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Case | HBS Case Collection | 1991 (Revised from original version)

American Airlines (A): Strategy in the 1990s

Jay W. Lorsch and Gary W. Loveman

American Airlines is pursuing a growth strategy through international and domestic route expansion. At the same time, the airline is working hard to cut costs while trying to provide the best customer service possible. Is this strategy achievable given the recent surge in jet fuel prices and the competitive framework of the industry?

Citation:
Lorsch, Jay W., and Gary W. Loveman. "American Airlines (A): Strategy in the 1990s." Harvard Business School Case 491-044, June 1991. (Revised from original November 1990 version.)

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Case | HBS Case Collection | 1991 (Revised from original version)

Ray Corey at Norton

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Ray Corey at Norton." Harvard Business School Case 391-105, June 1991. (Revised from original December 1990 version.)

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Case | HBS Case Collection | 1991 (Revised from original 1991 version)

Raymond Jackson (A)

Jay W. Lorsch

Professor Jackson is offered a spot on the slate of directors that Harold Simmons, Lockheed's largest shareholder, has nominated for Lockheed's board to oppose the slate nominated by Lockheed in the Spring, 1990 elections. Jackson must decide whether to join Simmons' slate. The case raises the issue of what factors one should take into account in deciding whether or not to join such a slate, and the broad question of the role of proxy fights in corporate governance.

Keywords: Business and Shareholder Relations; Corporate Governance; Decisions; Voting; Governing and Advisory Boards; Alliances;

Citation:
Lorsch, Jay W. "Raymond Jackson (A)." Harvard Business School Case 491-025, June 1991. (Revised from original February 1991 version.)

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Case | HBS Case Collection | 1991

Everwear Industries

Jay W. Lorsch

Keywords: Apparel and Accessories Industry;

Citation:
Lorsch, Jay W. "Everwear Industries." Harvard Business School Case 491-122, April 1991.

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Case | HBS Case Collection | 1991

First Atlantic Federal Corp.

Jay W. Lorsch

Citation:
Lorsch, Jay W. "First Atlantic Federal Corp." Harvard Business School Case 491-123, April 1991.

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Supplement | HBS Case Collection | 1991

Raymond Jackson (B)

Jay W. Lorsch and James E Sailer

Explains Jackson's reasons for his decision and describes the result of the proxy fight for control of the board.

Keywords: Governing and Advisory Boards; Conflict and Resolution;

Citation:
Lorsch, Jay W., and James E Sailer. "Raymond Jackson (B)." Harvard Business School Supplement 491-026, February 1991.

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Case | HBS Case Collection | 1988

Martin Marietta: The Bendix Takeover

Jay W. Lorsch

Keywords: Acquisition;

Citation:
Lorsch, Jay W. "Martin Marietta: The Bendix Takeover." Harvard Business School Case 489-085, November 1988.

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Case | HBS Case Collection | 1987 (Revised from original version)

Ex-Cell-O Corp. (A)

Milton P. Brown and Jay W. Lorsch

Citation:
Brown, Milton P., and Jay W. Lorsch. "Ex-Cell-O Corp. (A)." Harvard Business School Case 483-025, March 1987. (Revised from original September 1982 version.)

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Background Note | HBS Case Collection | 1987 (Revised from original version)

Note on Organization Design

Jay W. Lorsch

Deals with the organizational designer trying to create a structure, rewards, and a system of measurement that are compatible with the external environment, strategy, tasks, the members of the organization, management style, and the existing culture.

Keywords: Organizational Design;

Citation:
Lorsch, Jay W. "Note on Organization Design." Harvard Business School Background Note 476-094, January 1987. (Revised from original December 1975 version.)

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Case | HBS Case Collection | 1986 (Revised from original version)

C.R. Bard, Inc.

Jay W. Lorsch

Citation:
Lorsch, Jay W. "C.R. Bard, Inc." Harvard Business School Case 381-180, June 1986. (Revised from original May 1981 version.)

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Teaching Note | HBS Case Collection | 1986 (Revised from original version)

C.R. Bard, Inc., Teaching Note

Jay W. Lorsch

Citation:
Lorsch, Jay W. "C.R. Bard, Inc., Teaching Note." Harvard Business School Teaching Note 386-126, June 1986. (Revised from original January 1986 version.)

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Supplement | HBS Case Collection | 1985

Xerox Corp.: Fred Henderson, VP Corporate Quality Office, Video

John P. Kotter and Jay W. Lorsch

Citation:
Kotter, John P., and Jay W. Lorsch. "Xerox Corp.: Fred Henderson, VP Corporate Quality Office, Video." Harvard Business School Video Supplement 885-519, April 1985.

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Case | HBS Case Collection | 1984 (Revised from original version)

McCord Corp.--1977

Milton P. Brown and Jay W. Lorsch

Keywords: History;

Citation:
Brown, Milton P., and Jay W. Lorsch. "McCord Corp.--1977." Harvard Business School Case 483-024, July 1984. (Revised from original September 1982 version.)

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Case | HBS Case Collection | 1983 (Revised from original version)

David Alpert (A)

Jay W. Lorsch

Interpersonal day-to-day dealings of a product manager with others in the division, including his comments on these dealings.

Keywords: Business Divisions; Interpersonal Communication; Management Teams;

Citation:
Lorsch, Jay W. "David Alpert (A)." Harvard Business School Case 471-050, May 1983. (Revised from original December 1970 version.)

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Case | HBS Case Collection | 1983 (Revised from original version)

Product Management at United Brands

Jay W. Lorsch

Keywords: Product; Management; Consumer Products Industry;

Citation:
Lorsch, Jay W. "Product Management at United Brands." Harvard Business School Case 471-049, April 1983. (Revised from original December 1970 version.)

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Background Note | HBS Case Collection | 1983 (Revised from original version)

Managing Change

Jay W. Lorsch

Keywords: Change Management;

Citation:
Lorsch, Jay W. "Managing Change." Harvard Business School Background Note 474-187, April 1983. (Revised from original June 1974 version.)

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Supplement | HBS Case Collection | 1983 (Revised from original version)

First National City Bank Operating Group (A1)

Jay W. Lorsch

Supplements the (A) case.

Keywords: Banking Industry;

Citation:
Lorsch, Jay W. "First National City Bank Operating Group (A1)." Harvard Business School Supplement 475-061, April 1983. (Revised from original January 1975 version.)

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Supplement | HBS Case Collection | 1983 (Revised from original version)

First National City Bank Operating Group (B1)

Jay W. Lorsch

Supplements the (B) case.

Keywords: Banking Industry;

Citation:
Lorsch, Jay W. "First National City Bank Operating Group (B1)." Harvard Business School Supplement 475-062, February 1983. (Revised from original January 1975 version.)

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Case | HBS Case Collection | 1982 (Revised from original 1975 version)

First Federal Savings (A)

Jay W. Lorsch

Raises questions about basing a reward system on profit and changing MBO indicators through time.

Keywords: Motivation and Incentives; Compensation and Benefits; Banking Industry;

Citation:
Lorsch, Jay W. "First Federal Savings (A)." Harvard Business School Case 475-072, September 1982. (Revised from original January 1975 version.)

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Case | HBS Case Collection | 1982 (Revised from original version)

Texana Petroleum Corp.

Jay W. Lorsch

Keywords: Energy Industry;

Citation:
Lorsch, Jay W. "Texana Petroleum Corp." Harvard Business School Case 413-056, August 1982. (Revised from original October 1967 version.)

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Supplement | HBS Case Collection | 1982

British Steel: Interview with Sir Monty Finniston, Video

Jay W. Lorsch

Citation:
Lorsch, Jay W. "British Steel: Interview with Sir Monty Finniston, Video." Harvard Business School Video Supplement 882-520, March 1982.

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Case | HBS Case Collection | 1981 (Revised from original version)

Allied Stores Corp. (B)

Milton P. Brown and Jay W. Lorsch

Keywords: Retail Industry;

Citation:
Brown, Milton P., and Jay W. Lorsch. "Allied Stores Corp. (B)." Harvard Business School Case 381-087, February 1981. (Revised from original December 1980 version.)

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Case | HBS Case Collection | 1981 (Revised from original version)

Progressive Corp. (A)

Jay W. Lorsch and Robert G. Eccles Jr.

Citation:
Lorsch, Jay W., and Robert G. Eccles Jr. "Progressive Corp. (A)." Harvard Business School Case 381-088, February 1981. (Revised from original December 1980 version.)

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Case | HBS Case Collection | 1980 (Revised from original 1970 version)

David Alpert (B)

Jay W. Lorsch

Personal history of David Alpert, with emphasis on psychoanalytic developmental issues.

Keywords: Social Psychology; Personal Development and Career;

Citation:
Lorsch, Jay W. "David Alpert (B)." Harvard Business School Case 471-051, October 1980. (Revised from original December 1970 version.)

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Supplement | HBS Case Collection | 1980

Biography of an Executive (B): Spouse's Perspective

Jay W. Lorsch

Keywords: Managerial Roles;

Citation:
Lorsch, Jay W. "Biography of an Executive (B): Spouse's Perspective." Harvard Business School Supplement 481-057, October 1980.

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Case | HBS Case Collection | 1980 (Revised from original version)

Biography of an Executive (A)

Jay W. Lorsch

Keywords: Biography;

Citation:
Lorsch, Jay W. "Biography of an Executive (A)." Harvard Business School Case 479-040, September 1980. (Revised from original June 1979 version.)

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Case | HBS Case Collection | 1980 (Revised from original version)

Inland Steel Corp.

Jay W. Lorsch and John J. Gabarro

Keywords: Steel Industry;

Citation:
Lorsch, Jay W., and John J. Gabarro. "Inland Steel Corp." Harvard Business School Case 413-058, August 1980. (Revised from original January 1968 version.)

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Case | HBS Case Collection | 1978 (Revised from original version)

Tony Roderick (A)

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Tony Roderick (A)." Harvard Business School Case 470-055, April 1978. (Revised from original September 1969 version.)

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Case | HBS Case Collection | 1977 (Revised from original version)

Interview with Marlene Hoffman (A)

Michael Beer and Jay W. Lorsch

Citation:
Beer, Michael, and Jay W. Lorsch. "Interview with Marlene Hoffman (A)." Harvard Business School Case 477-087, June 1977. (Revised from original March 1977 version.)

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Supplement | HBS Case Collection | 1977

Interview with Marlene Hoffman (B)

Michael Beer and Jay W. Lorsch

Citation:
Beer, Michael, and Jay W. Lorsch. "Interview with Marlene Hoffman (B)." Harvard Business School Supplement 477-088, April 1977.

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Background Note | HBS Case Collection | 1976

Managing Change, Part II: Designing Effective Change Strategies

Jay W. Lorsch

Keywords: Change Management;

Citation:
Lorsch, Jay W. "Managing Change, Part II: Designing Effective Change Strategies." Harvard Business School Background Note 476-103, January 1976.

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Background Note | HBS Case Collection | 1976

Managing Change, Part I: The Problem of Resistance

John P. Kotter and Jay W. Lorsch

Keywords: Change Management;

Citation:
Kotter, John P., and Jay W. Lorsch. "Managing Change, Part I: The Problem of Resistance." Harvard Business School Background Note 476-102, January 1976.

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Case | HBS Case Collection | 1970

Bedrock

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Bedrock." Harvard Business School Case 471-048, December 1970.

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Case | HBS Case Collection | 1969

Baines Electronics Corp. (A)

Jay W. Lorsch

Keywords: Electronics Industry;

Citation:
Lorsch, Jay W. "Baines Electronics Corp. (A)." Harvard Business School Case 470-065, October 1969.

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Supplement | HBS Case Collection | 1969

Baines Electronics Corp. (B)

Jay W. Lorsch

Keywords: Electronics Industry;

Citation:
Lorsch, Jay W. "Baines Electronics Corp. (B)." Harvard Business School Supplement 470-090, October 1969.

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Case | HBS Case Collection | 1969

Mayflower Paper Mills

Jay W. Lorsch

Keywords: Pulp and Paper Industry;

Citation:
Lorsch, Jay W. "Mayflower Paper Mills." Harvard Business School Case 470-046, October 1969.

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Supplement | HBS Case Collection | 1969

Tony Roderick (B)

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Tony Roderick (B)." Harvard Business School Supplement 470-089, October 1969.

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Case | HBS Case Collection | 1969

Seneca Steel Corp.

Jay W. Lorsch

Keywords: Steel Industry;

Citation:
Lorsch, Jay W. "Seneca Steel Corp." Harvard Business School Case 413-071, May 1969.

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Case | HBS Case Collection | 1967

TRW Systems Group (D)

Jay W. Lorsch and John J. Gabarro

Citation:
Lorsch, Jay W., and John J. Gabarro. "TRW Systems Group (D)." Harvard Business School Case 413-066, March 1967.

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Case | HBS Case Collection | 1963

Markham Instrument Co. (A)

Jay W. Lorsch

Keywords: Machinery and Machining; Industrial Products Industry;

Citation:
Lorsch, Jay W. "Markham Instrument Co. (A)." Harvard Business School Case 409-083, February 1963.

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Case | HBS Case Collection | 1963

Markham Instrument Co. (B)

Jay W. Lorsch

Citation:
Lorsch, Jay W. "Markham Instrument Co. (B)." Harvard Business School Case 409-084, February 1963.

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Other Publications and Materials

Article | Reporter |

Viewing U.S. Economic Prospects Through a Demographic Lens

Jay W. Lorsch and David E. Bloom

Citation:
Lorsch, Jay W., and David E. Bloom. "Viewing U.S. Economic Prospects Through a Demographic Lens." Reporter 44, no. 4 (December 2012): 12–17.

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Article | HBS Alumni Bulletin |

Shareholder's Value?: Reassessing Investors' Functions

Jay W. Lorsch and Justin Fox

This article examines the three functions shareholders are supposed to provide: money, information, and discipline.

Keywords: ＂shareholders,＂ investors; Business and Shareholder Relations;

Citation:
Lorsch, Jay W., and Justin Fox. "Shareholder's Value? Reassessing Investors' Functions." HBS Alumni Bulletin 88, no. 4 (December 2012): 22.

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Other Unpublished Work | 2003

Limits to Board Effectiveness

Krishna G. Palepu and Jay W. Lorsch

Keywords: Governing and Advisory Boards;

Citation:
Palepu, Krishna G., and Jay W. Lorsch. "Limits to Board Effectiveness." May 2003.

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Other Unpublished Work | 2002

Making Sure Independent Doesn't Mean Ignorant

Jay W. Lorsch and Colin Carter

Keywords: Knowledge Use and Leverage;

Citation:
Lorsch, Jay W., and Colin Carter. "Making Sure Independent Doesn't Mean Ignorant." Perspectives, The Boston Consulting Group Series, October 2002.

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Research Summary

Research Summary

Shareholders and Corporate Governance

by Jay W. Lorsch

The data gathering has been completed and an article is being written about the role shareholders can and cannot play in corporate governance. This article should be completed by the spring of 2012.
Research Summary

Say on Pay

by Jay W. Lorsch

This project is examining, on a continuing basis, the evolving practice of allowing shareholders to have a vote on top executive compensation. The expected product will be an article explaining the limitations of this effort to give shareholders voice.
Research Summary

Directors Survey

by Jay W. Lorsch

This project, which is just beginning, will be a questionnaire survey of directors of public companies in the U.S. The goal of the survey will be to understand the views of directors about their jobs and the changing legal, regulatory, and institutional climate in which they must work. The product will be a book describing the current views of these important actors.

Awards & Honors

Jay W. Lorsch: Jay W. Lorsch was elected to Directorship magazine's Corporate Governance Hall of Fame in 2009. Hall of Fame members are a select number of exemplary individuals who have so uniquely contributed to the shape of modern corporate governance that they deserve special recognition.
Jay W. Lorsch: Elected to Directorship magazine's Corporate Governance Hall of Fame in 2009. Hall of Fame members are a select number of exemplary individuals who have so uniquely contributed to the shape of modern corporate governance that they deserve special recognition.

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Faculty & Research

Jay W. Lorsch