The Social Cost of Fraud and Bankruptcy

Joseph L. Bower; Stuart C. Gilson

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Article | Harvard Business Review | December 2003

The Social Cost of Fraud and Bankruptcy

by Joseph L. Bower and Stuart C. Gilson

Keywords: Cost; Society; Insolvency and Bankruptcy;

Format: Print

3 pages

Find at Harvard

Citation:

Bower, Joseph L., and Stuart C. Gilson. "The Social Cost of Fraud and Bankruptcy." Harvard Business Review 81, no. 12 (December 2003): 20–22.

About the Authors

Joseph L. Bower

Donald K. David Professor of Business Administration, Emeritus

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Stuart C. Gilson

Steven R. Fenster Professor of Business Administration

Finance

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Case | HBS Case Collection | November 2019

Constellation Brands' Investment in Canopy Growth: Aiming High

Stuart C. Gilson and Sarah L. Abbott

In 2017, Constellation Brands, the U.S. based beverage company, acquired a 9.9% equity interest in the Canadian marijuana company, Canopy Growth. In 2018, Constellation announced a subsequent investment in Canopy—taking its ownership interest to 37%. However, Canopy’s performance had been volatile and net losses had increased since the investment. In an effort to get into the cannabis market early, had Constellation Brands been too early?

Keywords: Equity Investment; marijuana; growth investing; new market development; beverage industry; Equity; Investment; Strategy; Consulting Industry; Canada; United States;

Citation:
Gilson, Stuart C., and Sarah L. Abbott. "Constellation Brands' Investment in Canopy Growth: Aiming High." Harvard Business School Case 220-044, November 2019. View Details

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Teaching Note | HBS Case Collection | January 2019 (Revised August 2019)

JPMorgan Chase: Invested in Detroit (A), (B), and (C)

Joseph L. Bower

Teaching Note includes a link to C-case supplemental videos for instructor use during class.

Citation:
Bower, Joseph L. "JPMorgan Chase: Invested in Detroit (A), (B), and (C)." Harvard Business School Teaching Note 919-407, January 2019. (Revised August 2019.) View Details

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Case | HBS Case Collection | January 2011 (Revised July 2019)

Houghton Mifflin Harcourt

Stuart C. Gilson and Sarah L. Abbott

One of the leading publishers of textbooks and other educational materials for the U.S. K-12 educational instruction market has suffered a dramatic decline in sales and profits in the wake of the 2008-2009 financial market crisis and economic recession, and is now overburdened with debt. To regain its competitiveness the company has to significantly reduce its debt, by billions of dollars. Company management is trying to decide which of several options is best for achieving this goal, including filing for Chapter 11 bankruptcy, restructuring its debt out-of-court, or filing a “pre-packaged” Chapter 11 bankruptcy.

Keywords: Restructuring; Capital Structure; Financial Crisis; Insolvency and Bankruptcy; Decision Choices and Conditions; Publishing Industry; Massachusetts;

Citation:
Gilson, Stuart C., and Sarah L. Abbott. "Houghton Mifflin Harcourt." Harvard Business School Case 211-027, January 2011. (Revised July 2019.) View Details

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The Social Cost of Fraud and Bankruptcy

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