Stuart C. Gilson
Steven R. Fenster Professor of Business Administration
Stuart Gilson is the Steven R. Fenster Professor of Business Administration at Harvard Business School, where he has been on the faculty for more than twenty years. He is an expert on corporate restructuring, valuation, business bankruptcy, credit analysis, and corporate finance. He currently teaches a popular course in the MBA elective curriculum called Creating Value Through Corporate Restructuring, which analyzes the financial, operating, and legal strategies that companies use to create value and improve performance when they come under economic stress. Professor Gilson also has extensive experience teaching in Harvard’s Executive Education programs, including the Advanced Management Program, Finance For Senior Executives, and Corporate Restructuring, Mergers and Acquisitions (which he founded and chairs). He also provides focused training programs for a variety of companies and organizations on financial analysis, valuation, financial strategy, mergers and acquisitions, and corporate restructuring.
Professor Gilson has written on a variety of topics, including corporate restructuring, business valuation, investment strategies, and the informational efficiency of capital markets. His research has been published by leading academic and practitioner journals and has been cited by the national news media. His work has received a number of honors, including the prestigious Graham and Dodd Award for his article “Investing in Distressed Situations: A Market Survey.” Professor Gilson has also developed more than sixty Harvard Business School case studies and teaching notes on corporate restructuring, financial strategy, business valuation, mergers and acquisitions, and corporate finance. His case studies are widely used at other business schools, and have been published in the book Creating Value Through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups (John Wiley & Sons), now in its second edition. He has been an associate editor of Financial Management and The Journal of Corporate Finance.
Professor Gilson has consulted to a variety of companies and organizations, and serves as a litigation expert on corporate valuation, restructuring, and bankruptcy. He is an academic affiliate of Cornerstone Research, a leading economic consulting firm that provides economic and financial consulting and expert testimony to attorneys in complex business litigation. He has served on the advisory boards of several for-profit and non-profit organizations, including the Turnaround Management Association and several investment funds. He has represented a creditor on the Official Unsecured Creditors Committee in the Chapter 11 bankruptcy of a major U.S. discount retailer. At Harvard Business School, he has served as faculty head of the Finance Unit. Prior to joining Harvard’s faculty, he was a professor at the College and Graduate School of Business at the University of Texas at Austin. He received his Ph.D. in Finance from the University of Rochester, New York. He lives with his wife in the town of Brookline, Massachusetts.
Creating Value through Corporate Restructuring: Case Studies in Bankruptcies, Buyouts, and Breakups
A collection of case studies illustrates real-world techniques, implementation, and strategies on corporate restructuring. Over the period 1981-1998, public companies with combined assets of over half a trillion dollars filed for Chapter 11 bankruptcy. Over the same period, over 400 public companies underwent corporate spin-offs, divesting businesses valued at more than $250 billion. Each of these companies, and all of these dollars, were in some way or another involved in corporate restructuring. Gilson's case studies have been used extensively in executive programs and are perfect tools to refer to when faced with real-world corporate restructuring issues.