Global Economic Prospect: A précis

Joseph L. Bower; Lynn S. Paine; Herman B. "Dutch" Leonard

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Background Note | HBS Case Collection | November 2011 (Revised May 2012)

Global Economic Prospect: A précis

by Joseph L. Bower, Lynn S. Paine and Herman B. "Dutch" Leonard

Format: Print

53 pages

Educators

Citation:

Bower, Joseph L., Lynn S. Paine, and Herman B. "Dutch" Leonard. "Global Economic Prospect: A précis." Harvard Business School Background Note 312-074, November 2011. (Revised May 2012.)

About the Authors

Joseph L. Bower

Donald K. David Professor of Business Administration, Emeritus

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Lynn S. Paine

John G. McLean Professor of Business Administration
Senior Associate Dean for International Development

General Management

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Herman B. Leonard

George F. Baker, Jr. Professor of Public Management, Eliot I. Snider and Family Professor of Business Administration

General Management

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View Publications »

More from these Authors

Case | HBS Case Collection | October 2019

A Conversation with Ellen J. Kullman, Chairman & CEO of DuPont, 2009-2015

Lynn S. Paine and Will Hurwitz

Ellen J. Kullman, the retired Chairman and CEO of DuPont, describes how she guided the storied science and technology company through a contentious proxy battle with activist investor Trian Partners, which acquired DuPont shares in 2013 and sought to break up the company. Trian’s pursuit of board seats led to a 2015 shareholder vote, which DuPont won under Kullman’s leadership. In a sweeping interview with Professor Lynn S. Paine, Kullman describes lessons from her experiences navigating the proxy contest that captured national attention as well as about working with your board, setting company strategy, leading a large corporation, evaluating time frames for shareholder returns, measuring stakeholder performance, assessing shareholder engagement, considering joining a new board and boardroom dynamics, and understanding how boards have changed over the years.

Keywords: Agribusiness; Capital Structure; Corporate Accountability; Corporate Governance; Institutional Investing; Leadership; Leadership Style; Management; Transformation; Agriculture and Agribusiness Industry; Chemical Industry; United States;

Citation:
Paine, Lynn S., and Will Hurwitz. "A Conversation with Ellen J. Kullman, Chairman & CEO of DuPont, 2009-2015." Harvard Business School Case 320-017, October 2019. View Details

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Case | HBS Case Collection | March 2018 (Revised September 2019)

China Vanke: Battle for Control (A)

Lynn S. Paine, Charles C.Y. Wang, Dawn H. Lau and Anthony K. Woo

In June 2016, the board of China Vanke, one of China’s largest and best-known private residential real estate developers, must vote on a proposed acquisition that is opposed by its largest shareholders, state-owned China Resources Co. and the lesser-known property developer and financial services company Baoneng. The case describes how Baoneng amassed enough shares in Vanke to become its largest shareholder, displacing China Resources in that position. In response to Baoneng’s unwelcome advance and in support of its “railway plus property” strategy, Vanke’s management has proposed the acquisition of a unit of Shenzhen Metro, the government-owned operator of Shenzhen’s underground subway. The proposed acquisition, to be financed by issuing shares, will make Shenzhen Metro Vanke’s largest shareholder and dilute the holdings of both China Resources and Baoneng. China Resources has publicly expressed misgivings about the transaction and the board’s handling of its announcement. With three out of the 11 board seats occupied by China Resources affiliates, and a two-thirds majority needed for the proposal to pass, the vote would determine the future of Vanke.

Keywords: Corporate Governance; Real Estate Industry; China;

Citation:
Paine, Lynn S., Charles C.Y. Wang, Dawn H. Lau, and Anthony K. Woo. "China Vanke: Battle for Control (A)." Harvard Business School Case 318-117, March 2018. (Revised September 2019.) View Details

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Article | Harvard Business Review (website) | August 22, 2019

CEOs Say Their Aim Is Inclusive Prosperity. Do They Mean It?

Lynn S. Paine

Citation:
Paine, Lynn S. "CEOs Say Their Aim Is Inclusive Prosperity. Do They Mean It?" Harvard Business Review (website) (August 22, 2019). View Details

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Global Economic Prospect: A précis

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About the Authors

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