Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • April 2002 (Revised October 2003)
  • Case
  • HBS Case Collection

Pension Plan of Bethlehem Steel, 2001, The

By: Peter Tufano
  • Format:Print
  • | Pages:16
ShareBar

Abstract

Bethlehem Steel's 2001 bankruptcy filing inspires an employee's daughter to evaluate her father's pension plan, weeks after September 11's tragedies exacerbated a weakening U.S. economy and just months before her father planned to retire. Battered equity markets and plummeting interest rates foretell a "pension crisis," while the daughter discovers the history and government role in U.S. private defined-benefit pension plans. She tries to apply her newly acquired finance skills as an MBA student to estimate the pension plan's true asset-liability condition and to advise her father about his upcoming retirement from a historically dominant U.S. company that has lost its competitiveness to global producers.

Keywords

Asset Management; Financial Instruments; Retirement; Steel Industry; United States

Citation

Tufano, Peter, Zvi Bodie, and Akiko M. Mitsui. "Pension Plan of Bethlehem Steel, 2001, The." Harvard Business School Case 202-088, April 2002. (Revised October 2003.)
  • Educators
  • Purchase

About The Author

Peter Tufano

General Management
→More Publications

More from the Author

    • October 17, 2022
    • Harvard Business Review (website)

    When Climate Collaboration Is Treated as an Antitrust Violation

    By: Matteo Gasparini, Knut Haanaes and Peter Tufano
    • 2022
    • Faculty Research

    Crises and Collective Purpose: Distraction or Liberation?

    By: P. Tufano
    • May 2022
    • Management Science

    Can Gambling Increase Savings? Empirical Evidence on Prize-Linked Savings Accounts

    By: Shawn A. Cole, Benjamin Iverson and Peter Tufano
More from the Author
  • When Climate Collaboration Is Treated as an Antitrust Violation By: Matteo Gasparini, Knut Haanaes and Peter Tufano
  • Crises and Collective Purpose: Distraction or Liberation? By: P. Tufano
  • Can Gambling Increase Savings? Empirical Evidence on Prize-Linked Savings Accounts By: Shawn A. Cole, Benjamin Iverson and Peter Tufano
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College