Revitalizing Businesses

William E. Fruhan, Jr. is exploring how firms act to enhance shareholder value when competitive pressures or takeovers threaten their operations. The approach most frequently taken involves fixing businesses that can be fixed and advantageously divesting those that cannot. Fruhan is developing a framework for analyzing how the claims of important stakeholders-including employees, owners, the tax collector, and creditors-can be altered to generate added shareholder value.