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  • November 2006 (Revised July 2021)
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Kerr-McGee

By: Robin Greenwood and André Perold
  • Format:Print
  • | Language:English
  • | Pages:15
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Abstract

Activist investors Carl Icahn and Barry Rosenstein acquire a stake in Oklahoma-based company Kerr-McGee. They demand two board seats and ask the company to make several operational and financial changes, including the repurchase of equity and divestiture of their chemicals business. The case protagonist, Luke Corbett, CEO, opposes these changes.

Keywords

Investment Activism; Restructuring; Equity; Investment; Management; Governance Controls; Corporate Strategy; Chemical Industry; Energy Industry; United States

Citation

Greenwood, Robin, and André Perold. "Kerr-McGee." Harvard Business School Case 207-020, November 2006. (Revised July 2021.)
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About The Authors

Robin Greenwood

Finance
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Andre F. Perold

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Related Work

    • August 2008 (Revised April 2022)
    • Faculty Research

    Kerr-McGee (CW)

    By: Robin Greenwood and James Quinn
    • November 2006 (Revised July 2021)
    • Faculty Research

    Kerr-McGee

    By: Robin Greenwood and André Perold
Related Work
  • Kerr-McGee (CW) By: Robin Greenwood and James Quinn
  • Kerr-McGee By: Robin Greenwood and André Perold
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