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Jay W. Lorsch

Louis E. Kirstein Professor of Human Relations

Photo of Jay W. Lorsch

Unit: Organizational Behavior

Contact:

(617) 495-6413

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Jay W. Lorsch is the Louis Kirstein Professor of Human Relations at the Harvard Business School. He is editor of The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century (2012) He is the author of over a dozen books, the most recent of which are Back to the Drawing Board: Designing Boards for a Complex World (with Colin B. Carter, 2003), Aligning the Stars: How to Succeed When Professionals Drive Results (with Thomas J. Tierney, 2002), and Pawns or Potentates: The Reality of America's Corporate Boards (1989). Organization and Environment (with Paul R. Lawrence) won the Academy of Management's Best Management Book of the Year Award and the James A. Hamilton Book Award of the College of Hospital Administrators in 1969.

Having taught in all of Harvard Business School's educational programs, he was Chairman of the Doctoral Programs, Senior Associate Dean and Chair of the Executive Education Programs from 1991-1995, Senior Associate Dean and Director of Research from 1986-1991, Chairman of the Advanced Management Programs from 1980-1985, and prior to that was Chairman of the Organizational Behavior Unit. He is currently Chairman of the Harvard Business School Global Corporate Governance Initiative and Faculty Chairman of the Executive Education Corporate Governance Series. As a consultant, he has had as clients such diverse companies as Applied Materials, Berkshire Partners, Biogen Idec, Citicorp, Cleary Gottlieb, Steen & Hamilton LLP, Deloitte Touche, DLA Piper Rudnick, Goldman Sachs, Kellwood Company, MassMutual Financial Group, Tyco International, Shire Pharmaceuticals and Sullivan & Cromwell LLC. He is a member of the Board of Directors of New Sector Alliance as well as The Antioch Review National Advisory Board. He formerly served on the boards of Benckiser (now Reckitt Benckiser), Blasland Bouck & Lee Inc., Brunswick Corporation, Sandy Corporation and CA, Inc.; he also served on the Advisory Board of U.S. Foodservice. He currently serves on the Board of Trustees of Antioch College and Cambridge at Home, as well as the Global Advisory Board of the Women's Tennis Association.

He is a graduate of Antioch College (1955) with a M.S. degree in Business from Columbia University (1956) and a Doctor of Business Administration from Harvard Business School (1964). At Columbia, he was a Samuel Bronfman Fellow in Democratic Business Administration. From 1956-59, he served as a Lieutenant in the U.S. Army Finance Corps.

Professor Lorsch is a Fellow of the American Academy of Arts & Sciences.

    Publications

    Books

    1. Book | 2012

      The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century

      Jay W. Lorsch

      This book is a collection of chapters written by Harvard Business School faculty and alums who have experience with corporate boards. It will provide a uniquely HBS perspective on the future of boards.

      Keywords: corporate governance; boards of directors; compensation; succession; Governing and Advisory Boards; Books; Perspective; Governance;

      Citation:

      Lorsch, Jay W., ed. The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century. Boston, MA: Harvard Business Review Press, 2012.  View Details
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    2. Book | 2011

      Challenges to Business in the Twenty-First Century

      Gerald Rosenfeld, Jay W. Lorsch and Rakesh Khurana

      Keywords: Problems and Challenges;

      Citation:

      Rosenfeld, Gerald, Jay W. Lorsch, and Rakesh Khurana, eds. Challenges to Business in the Twenty-First Century. Cambridge, MA: American Academy of Arts and Sciences, 2011.  View Details
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    3. Book | 2005

      Restoring Trust in American Business

      Jay W. Lorsch, Leslie Berlowitz and A. Zelleke

      Keywords: Trust; Business Ventures; United States;

      Citation:

      Lorsch, Jay W., Leslie Berlowitz and A. Zelleke, eds. Restoring Trust in American Business. Cambridge, MA: MIT Press, 2005.  View Details
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    4. Book | 2003

      Back to the Drawing Board: Designing Corporate Boards for a Complex World

      Jay W. Lorsch and Colin Carter

      Keywords: Design; Governance;

      Citation:

      Lorsch, Jay W., and Colin Carter. Back to the Drawing Board: Designing Corporate Boards for a Complex World. Boston, MA: Harvard Business School Press, 2003.  View Details
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    5. Book | 2002

      Aligning the Stars: How to Succeed When Professionals Drive Results

      Jay W. Lorsch and Thomas J. Tierney

      Keywords: Success; Outcome or Result;

      Citation:

      Lorsch, Jay W., and Thomas J. Tierney. Aligning the Stars: How to Succeed When Professionals Drive Results. Boston, MA: Harvard Business School Press, 2002.  View Details
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    6. Book | 1989

      Pawns or Potentates: The Reality of America's Corporate Boards

      J. W. Lorsch and Elizabeth MacIver

      Keywords: Management Teams;

      Citation:

      Lorsch, J. W., and Elizabeth MacIver. Pawns or Potentates: The Reality of America's Corporate Boards. Boston, MA: Harvard Business School Press, 1989.  View Details
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    7. Book | 1987

      The Handbook of Organizational Behavior

      Jay W. Lorsch

      Keywords: Organizations; Behavior;

      Citation:

      Lorsch, Jay W., ed. The Handbook of Organizational Behavior. Englewood Cliffs, NJ: Prentice Hall, 1987.  View Details
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    8. Book | 1983

      Decision Making at the Top: The Shaping of Strategic Direction

      Gordon Donaldson and J. W. Lorsch

      Keywords: Management Teams; Decision Making;

      Citation:

      Donaldson, Gordon, and J. W. Lorsch. Decision Making at the Top: The Shaping of Strategic Direction. New York: Basic Books, 1983.  View Details
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    9. Book | 1978

      Understanding Management

      J. W. Lorsch, James P. Baughman, James Reece and Henry Mintzberg

      Keywords: Management Practices and Processes;

      Citation:

      Lorsch, J. W., James P. Baughman, James Reece, and Henry Mintzberg. Understanding Management. New York: Harper & Row, 1978.  View Details
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    10. Book | 1976

      Organizational Behavior and Administration: Cases and Readings

      Paul R. Lawrence, Louis B. Barnes and Jay W. Lorsch

      Keywords: Organizations; Behavior;

      Citation:

      Lawrence, Paul R., Louis B. Barnes and Jay W. Lorsch, eds. Organizational Behavior and Administration: Cases and Readings. 3rd ed. Homewood, IL: Richard D. Irwin, 1976.  View Details
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    11. Book | 1974

      Organizations and Their Members: A Contingency Approach

      J. W. Lorsch and John Morse

      Keywords: Organizations;

      Citation:

      Lorsch, J. W., and John Morse. Organizations and Their Members: A Contingency Approach. New York: Harper & Row, 1974.  View Details
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    12. Book | 1973

      Managing Diversity and Interdependence

      J. W. Lorsch and Stephen A. Allen III

      Keywords: Management; Diversity;

      Citation:

      Lorsch, J. W., and Stephen A. Allen III. Managing Diversity and Interdependence. Boston, MA: Harvard Business School, Division of Research, 1973.  View Details
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    13. Book | 1972

      Managing Group and Intergroup Relations

      J. W. Lorsch and Paul R. Lawrence

      Keywords: Management Analysis, Tools, and Techniques; Groups and Teams;

      Citation:

      Lorsch, J. W. and Paul R. Lawrence, eds. Managing Group and Intergroup Relations. Homewood, IL: Richard D. Irwin, 1972.  View Details
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    14. Book | 1972

      Managers and Their Careers: Cases and Readings

      J. W. Lorsch and Louis B. Barnes

      Keywords: Personal Development and Career;

      Citation:

      Lorsch, J. W. and Louis B. Barnes, eds. Managers and Their Careers: Cases and Readings. Homewood, IL: Richard D. Irwin, 1972.  View Details
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    15. Book | 1970

      Organizational Structure and Design

      Gene W. Dalton, Paul R. Lawrence and J. W. Lorsch

      Keywords: Organizational Structure; Organizational Design;

      Citation:

      Dalton, Gene W., Paul R. Lawrence and J. W. Lorsch, eds. Organizational Structure and Design. Homewood, IL: Richard D. Irwin, 1970.  View Details
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    16. Book | 1970

      Studies in Organization Design

      J. W. Lorsch and Paul R. Lawrence

      Keywords: Organizational Design;

      Citation:

      Lorsch, J. W. and Paul R. Lawrence, eds. Studies in Organization Design. Homewood, IL: Richard D. Irwin, 1970.  View Details
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    17. Book | 1969

      Organizational Development: Diagnosis and Action

      J. W. Lorsch and Paul R. Lawrence

      Keywords: Organizational Design;

      Citation:

      Lorsch, J. W., and Paul R. Lawrence. Organizational Development: Diagnosis and Action. Reading, MA: Addison-Wesley Publishing Company, 1969.  View Details
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    18. Book | 1967

      Organization and Environment

      Paul R. Lawrence and J. W. Lorsch

      Keywords: Organizations; Environmental Sustainability;

      Citation:

      Lawrence, Paul R., and J. W. Lorsch. Organization and Environment. Boston, MA: Harvard Business School, Division of Research, 1967. (Reissued as a Harvard Business School Classic, Harvard Business School Press, 1986.)  View Details
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    19. Book | 1965

      Product Innovation and Organization

      J. W. Lorsch

      Keywords: Product; Innovation and Invention; Organizational Structure;

      Citation:

      Lorsch, J. W. Product Innovation and Organization. New York: Macmillan Publishing, 1965.  View Details
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    Journal Articles

    1. Article | Annals of Corporate Governance

      Understanding Boards of Directors: A Systems Perspective

      Jay W. Lorsch

      In this essay, my goal is to explore why, despite the tireless efforts of talented people, research on corporate governance has been slow and uneven, and where that research should turn to next to be most valuable to practitioners. My belief is that the most fruitful work thus far has recognized that corporate boards are dynamic social systems, has identified all the forces that shape those systems, and has acknowledged that boards should seek to represent a wide variety of stakeholders, not just shareholders. The best way for me to establish this argument is to trace the history of research on corporate boards and analyze the trends in that research, including the relative value of the types of data that researchers in this field have used. Ultimately, I identify what I consider to be the best path forward in studying these complex social systems. I have made a deliberate choice to focus primarily on research that reflects firsthand experience with boards rather than on research that utilizes data derived from questionnaires and other secondary sources. Not everyone will agree with my choices, but my hope is that my perspective will nonetheless provide some guidance for people working in this evolving field to understand the true complexity of corporate boards.

      Keywords: corporate governance; corporate boards; business admnistration; social systems; Corporate Governance; Governing and Advisory Boards; System;

      Citation:

      Lorsch, Jay W. "Understanding Boards of Directors: A Systems Perspective." Annals of Corporate Governance 2, no. 1 (February 2017): 1–49.  View Details
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    2. Article | Harvard Business Review

      Culture Is Not the Culprit: When Organizations Are in Crisis, It's Usually Because the Business Is Broken

      Jay W. Lorsch and Emily McTague

      When organizations get into big trouble, fixing the culture is usually the prescription. That's what most everyone said GM needed to do after its recall crisis in 2014—and ever since, CEO Mary Barra has been focusing on creating "the right environment" to promote accountability and head off future disasters. The corporate leaders we have interviewed say that culture isn't something you "fix." Rather cultural change is what you get after you've put new processes or structures in place to tackle tough business challenges like reworking an outdated strategy or business model. The culture evolves as you do that important work.

      Keywords: culture; cultural reform; Organizational Culture; Crisis Management; Business Processes;

      Citation:

      Lorsch, Jay W., and Emily McTague. "Culture Is Not the Culprit: When Organizations Are in Crisis, It's Usually Because the Business Is Broken." R1604H. Harvard Business Review 94, no. 4 (April 2016): 96–105.  View Details
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    3. Article | Directors & Boards

      Should Boards Mentor Their CEOs?: It Is a Complex Question. Here Are the Significant Considerations.

      Jay W. Lorsch

      It's a complex question with significant considerations, including how open the CEO is likely to be to such advice, the company's situation, and the characteristics of the board.

      Keywords: directors; CEO mentoring; Governing and Advisory Boards; Rank and Position; Management Teams;

      Citation:

      Lorsch, Jay W. "Should Boards Mentor Their CEOs? It Is a Complex Question. Here Are the Significant Considerations." Directors & Boards 39, no. 5 (Third Quarter 2015): 25–27.  View Details
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    4. Article | Harvard Business Review

      How to Outsmart Activist Investors

      Bill George and Jay W. Lorsch

      We offer opinions on how management and corporate boards of directors can best manage investor relations with activist stockholders such as hedge funds who are demanding major changes within a corporation to improve stockholder return. Beverage industry firm PepsiCo is cited in support of the contention that creating and maintaining a long-term strategic plan is of value in thwarting such investors. Executives and directors are advised to analyze their corporations from the point of view of an activist investor, to create harmony within the board of directors, and to measure performance against specific and publicly stated goals.

      Keywords: Investment Activism;

      Citation:

      George, Bill, and Jay W. Lorsch. "How to Outsmart Activist Investors." Harvard Business Review 92, no. 5 (May 2014): 88–95.  View Details
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    5. Article | Harvard Business Law Review

      America's Changing Corporate Boardrooms: The Last Twenty-Five Years

      Jay W. Lorsch

      This article outlines several significant changes in corporate boardrooms over the past twenty-five years and uses those lessons to propose a thought experiment about how boards can be shaped in the future. Professor Lorsch argues that the major problems in the last twenty-five years have been the negative, unindended consequences of reforms and the inability to balance the interests of the various stakeholders. Future policymakers should turn their attention to resolving these issues, because they have the potential to thwart other attempts at progress.

      Keywords: boards of directors; BEST practices; stakeholder engagement; Governing and Advisory Boards; Problems and Challenges; Business and Stakeholder Relations; Change;

      Citation:

      Lorsch, Jay W. "America's Changing Corporate Boardrooms: The Last Twenty-Five Years." Harvard Business Law Review 3, no. 1 (Spring 2013): 119–134.  View Details
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    6. Article | European Financial Review

      The Future of Boards: Meeting the Governance Challenges of the 21st Century

      Jay W. Lorsch

      Predicting the challenges boards will face in the years ahead requires an understanding of how they and the governance they have provided has evolved in past years, as well as the challenges they face in the years ahead. Since I have been serving on and doing research about public company boards over the past twenty-five years, I believe I have a clear sense of the state of corporate governance in the United States and in much of Western Europe. Not surprisingly, my crystal ball for predicting future developments and demands on boards cannot be so clear.

      Keywords: boards of directors; corporate governance; governance; succession; compensation; Governing and Advisory Boards;

      Citation:

      Lorsch, Jay W. "The Future of Boards: Meeting the Governance Challenges of the 21st Century." European Financial Review (August–September 2012), 2–4.  View Details
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    7. Article | Harvard Business Review

      What Good Are Shareholders?

      Justin Fox and Jay W. Lorsch

      The article looks at the role outside shareholders play in corporate governance in the U.S., and the relationship between companies' shareholders and managers, as of 2012. It recounts the shift beginning in the 1970s toward shareholders claiming an increasing amount of power relative to corporate managers. The authors argue that shareholders have not benefited much from the trend. They suggest that shareholders as a category are not well positioned to guide corporate decisions or to discipline management. They also discuss problems in two other roles shareholders play with respect to corporations, as a source of funds and as aggregators of information about corporations by way of their decisions to buy or sell stock.

      Keywords: corporate governance; shareholder activism; Business and Shareholder Relations; Investment Activism; Corporate Governance; Decision Making; Managerial Roles; United States;

      Citation:

      Fox, Justin, and Jay W. Lorsch. "What Good Are Shareholders?" R1207B. Harvard Business Review 90, nos. 7-8 (July–August 2012): 49–57.  View Details
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    8. Article | Harvard Magazine

      The Pay Problem

      Jay W. Lorsch and Rakesh Khurana

      Citation:

      Lorsch, Jay W., and Rakesh Khurana. "The Pay Problem." Harvard Magazine (May–June 2010).  View Details
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    9. Article | Executive Counsel

      Lessons from the Crisis about Governing Financial Institutions

      Jay W. Lorsch

      Keywords: Learning; Governance; Financial Institutions;

      Citation:

      Lorsch, Jay W. "Lessons from the Crisis about Governing Financial Institutions." Executive Counsel 7, no. 1 (February–March 2010): 18–22. (Full article available at Qfinance.com.)  View Details
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    10. Article | Legal Week

      The Capital Question

      Robert G. Eccles Jr. and Jay W. Lorsch

      Keywords: Capital;

      Citation:

      Eccles, Robert G., Jr., and Jay W. Lorsch. "The Capital Question." Legal Week (October 22, 2009), 21.  View Details
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    11. Article | Directors & Boards

      HBS Focus: The Reality of Corporate Boards

      Jay W. Lorsch

      Keywords: Governance;

      Citation:

      Lorsch, Jay W. "HBS Focus: The Reality of Corporate Boards." Directors & Boards 33, no. 1 (Fourth Quarter 2008).  View Details
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    12. Article | Harvard Business Review

      Leading from the Boardroom

      Jay W. Lorsch and Robert C. Clark

      Keywords: Leadership; Governance;

      Citation:

      Lorsch, Jay W., and Robert C. Clark. "Leading from the Boardroom." Harvard Business Review 86, no. 4 (April 2008): 104–111. (R0804G.)  View Details
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    13. Article | Directorship

      A Conversation with Jay Lorsch: Is the Minority Yelling Too Loud?

      Jay W. Lorsch and William J. Holstein

      Keywords: Groups and Teams;

      Citation:

      Lorsch, Jay W., and William J. Holstein. "A Conversation with Jay Lorsch: Is the Minority Yelling Too Loud?" Q&A. Directorship 33, no. 1 (February–March 2007).  View Details
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    14. Article | Directors & Boards

      Making the Best of M&A

      Jay W. Lorsch

      Keywords: Mergers and Acquisitions;

      Citation:

      Lorsch, Jay W. "Making the Best of M&A." Directors & Boards 3, no. 3 (fourth quarter 2006): 6.  View Details
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    15. Article | Directors Monthly

      The Board of Directors and the Company Lawyers

      Jay W. Lorsch and John L. Howard

      Keywords: Governance; Employees; Law;

      Citation:

      Lorsch, Jay W., and John L. Howard. "The Board of Directors and the Company Lawyers." Directors Monthly 30, no. 5 (May 2006): 1–6.  View Details
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    16. Article | One Issue, Two Voices

      A Progress Report on U.S. Corporate Governance

      Jay W. Lorsch

      Keywords: Corporate Governance; Reports; United States;

      Citation:

      Lorsch, Jay W. "A Progress Report on U.S. Corporate Governance." Corporate Governance in Canada and the United States: A Comparative View. One Issue, Two Voices, no. 5 (April 2006): 2–8.  View Details
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    17. Article | Directors & Boards

      The Chairman's Job Description

      Jay W. Lorsch and A. Zelleke

      Keywords: Management; Jobs and Positions;

      Citation:

      Lorsch, Jay W., and A. Zelleke. "The Chairman's Job Description." Directors & Boards 30, no. 1 (Fourth Quarter 2005): 28–32.  View Details
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    18. Article | MIT Sloan Management Review

      Should the CEO be the Chairman?

      Jay W. Lorsch and A. Zelleke

      Keywords: Management;

      Citation:

      Lorsch, Jay W., and A. Zelleke. "Should the CEO be the Chairman?" Art. 46214. MIT Sloan Management Review 46, no. 2 (Winter 2005): 71–74.  View Details
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    19. Article | Manageris: la lettre de synthèse des meilleurs ouvrages de management

      Commentaire critique de "Leadership Passages"

      Jay W. Lorsch

      Keywords: Leadership;

      Citation:

      Lorsch, Jay W. Commentaire critique de "Leadership Passages". Manageris: la lettre de synthèse des meilleurs ouvrages de management , no. 139 (Juillet–Aout 2005): 18.  View Details
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    20. Article | Harvard Business Review

      Seven Surprises for New CEOs

      Michael E. Porter, Jay W. Lorsch and Nitin Nohria

      Keywords: Management;

      Citation:

      Porter, Michael E., Jay W. Lorsch, and Nitin Nohria. "Seven Surprises for New CEOs." R0410C. Harvard Business Review 82, no. 10 (October 2004): 62–72.  View Details
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    21. Article | Chief Executive

      CEO: Chief Education Officer; How to Deal with an Independent Board

      Jay W. Lorsch

      Keywords: Education; Governance;

      Citation:

      Lorsch, Jay W. "CEO: Chief Education Officer; How to Deal with an Independent Board." Chief Executive (May 2004).  View Details
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    22. Article | Wall Street Journal

      Director, Heal Thyself

      Jay W. Lorsch and Colin B. Carter

      Keywords: Management;

      Citation:

      Lorsch, Jay W., and Colin B. Carter. "Director, Heal Thyself." Manager's Journal. Wall Street Journal (January 6, 2004), B2.  View Details
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    23. Article | Directors & Boards

      A Visit to Board 'Central Casting'

      Jay W. Lorsch and Colin B. Carter

      Citation:

      Lorsch, Jay W., and Colin B. Carter. "A Visit to Board 'Central Casting'." Directors & Boards 28, no. 1 (Fall 2003): 25–30.  View Details
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    24. Article | American Lawyer

      Building A Bench

      Jay W. Lorsch and Thomas J. Tierney

      Citation:

      Lorsch, Jay W., and Thomas J. Tierney. "Building A Bench." American Lawyer (July 2003).  View Details
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    25. Article | Leader to Leader

      Creating Competitive Advantage in the Knowledge Economy

      Jay W. Lorsch and Thomas J. Tierney

      Keywords: Competitive Advantage; Knowledge; Economy;

      Citation:

      Lorsch, Jay W., and Thomas J. Tierney. "Creating Competitive Advantage in the Knowledge Economy." Leader to Leader Leader to Leader, no. 26 (fall 2002): 41–47.  View Details
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    26. Article | Boston Globe

      Add CEO Salaries to The Corporate Reform List

      Jay W. Lorsch

      Keywords: Management; Compensation and Benefits; Governing Rules, Regulations, and Reforms;

      Citation:

      Lorsch, Jay W. "Add CEO Salaries to The Corporate Reform List." Boston Globe (July 14, 2002).  View Details
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    27. Article | Corporate Governance Advisor

      A Modest Proposal for Dealing with the Enron Crisis

      Jay W. Lorsch and Martin Lipton

      Keywords: Crime and Corruption; Crisis Management;

      Citation:

      Lorsch, Jay W., and Martin Lipton. "A Modest Proposal for Dealing with the Enron Crisis." Corporate Governance Advisor 10, no. 3 (May/June 2002): 1–4.  View Details
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    28. Article | Harvard Business Review

      Unbalanced Boards

      Jay W. Lorsch, A. Zelleke and Katharina Pick

      Citation:

      Lorsch, Jay W., A. Zelleke, and Katharina Pick. "Unbalanced Boards." F0102E. Harvard Business Review 79, no. 2 (February 2001).  View Details
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    29. Article | Corporate Board Member

      Building a Better Board

      Jay W. Lorsch, Duke K. Bristow, Paul D. Lapides, Chuck King and T.K. Kerstetter

      Keywords: Governing and Advisory Boards;

      Citation:

      Lorsch, Jay W., Duke K. Bristow, Paul D. Lapides, Chuck King, and T.K. Kerstetter. "Building a Better Board." Roundtable Discussion. Special Supplement Corporate Board Member (2001): 12–19.  View Details
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    30. Article | Corporate Board

      CEO Pay: Facts and Fallacies

      J. W. Lorsch

      Keywords: Executive Compensation;

      Citation:

      Lorsch, J. W. "CEO Pay: Facts and Fallacies." Corporate Board (May–June 1999).  View Details
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    31. Article | Across the Board

      Should Directors Grade Themselves?

      J. W. Lorsch

      Keywords: Management; Performance Evaluation;

      Citation:

      Lorsch, J. W. "Should Directors Grade Themselves?" Across the Board 34, no. 5 (May 1997).  View Details
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    32. Article | Governing Entrepreneurial Companies

      The Board's Role in Monitoring Performance

      J. W. Lorsch

      Keywords: Performance; Governance;

      Citation:

      Lorsch, J. W. "The Board's Role in Monitoring Performance." Governing Entrepreneurial Companies (summer 1996).  View Details
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    33. Article | Corporate Board

      The Board As a Change Agent

      J. W. Lorsch

      Keywords: Change; Governance;

      Citation:

      Lorsch, J. W. "The Board As a Change Agent." Corporate Board (July–August 1996).  View Details
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    34. Article | Harvard Business Review

      Empowering the Board

      J. W. Lorsch

      Keywords: Governance;

      Citation:

      Lorsch, J. W. "Empowering the Board." Harvard Business Review 73, no. 1 (January–February 1995).  View Details
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    35. Article | Forecast

      Boardroom Brawn

      J. W. Lorsch

      Keywords: Governance;

      Citation:

      Lorsch, J. W. "Boardroom Brawn." Forecast 2, no. 3 (May–June 1994).  View Details
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    36. Article | Directors & Boards

      Performance Assessment in the Boardroom

      J. W. Lorsch

      Keywords: Performance; Governance;

      Citation:

      Lorsch, J. W. "Performance Assessment in the Boardroom." Directors & Boards 18, no. 3 (spring 1994).  View Details
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    37. Article | Business Lawyer

      A Modest Proposal for Improved Corporate Governance

      Martin Lipton and J. W. Lorsch

      Keywords: Corporate Governance;

      Citation:

      Lipton, Martin, and J. W. Lorsch. "A Modest Proposal for Improved Corporate Governance." Business Lawyer 48, no. 1 (November 1992).  View Details
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    38. Article | Harvard Business Review

      Advice and Dissent: Rating the Corporate Governance Compact

      C. R. Wharton, J. W. Lorsch and L. Hanson

      Keywords: Corporate Governance; Information;

      Citation:

      Wharton, C. R., J. W. Lorsch, and L. Hanson. "Advice and Dissent: Rating the Corporate Governance Compact." Harvard Business Review 69, no. 6 (November–December 1991).  View Details
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    39. Article | Director's Monthly

      War and Peace in the Boardroom

      J. W. Lorsch

      Citation:

      Lorsch, J. W. "War and Peace in the Boardroom." Director's Monthly 15, no. 7 (July 1991).  View Details
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    40. Article | Institutional Investor

      Restructure Boardrooms

      J. W. Lorsch and E. MacIver

      Citation:

      Lorsch, J. W., and E. MacIver. "Restructure Boardrooms." Supplement Institutional Investor (December 1990).  View Details
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    41. Article | Human Resource Management

      The Managerial Implications of Changing Work Force Demographics: A Scoping Study

      Gary W. Loveman, John J. Gabarro and Jay W. Lorsch

      Citation:

      Loveman, Gary W., John J. Gabarro, and Jay W. Lorsch. "The Managerial Implications of Changing Work Force Demographics: A Scoping Study." Human Resource Management 30, no. 1 (Spring 1991): 7–29.  View Details
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    Book Chapters

    1. Chapter | Corporate Governance and the Global Financial Crisis | 2012

      Board Challenges 2009

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Board Challenges 2009." Chap. 9 in Corporate Governance and the Global Financial Crisis: International Perspectives, edited by William Sun, Jim Stewart, and David Pollard, 165–187. Cambridge University Press, 2012.  View Details
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    2. Chapter | The Future of Boards | 2012

      Boardroom Challenges

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Boardroom Challenges." Chap. 1 in The Future of Boards: Meeting the Governance Challenges of the Twenty-First Century, edited by Jay W. Lorsch, 7–36. Boston, MA: Harvard Business Review Press, 2012.  View Details
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    3. Chapter | Handbook of Leadership Theory and Practice | 2010

      A Contingency Theory of Leadership

      Jay W. Lorsch

      The idea of a contingency theory of leadership is not novel. In the 1960s several scholars conducted research and proposed such an approach arguing that the style of leadership that would be most effective depended upon the situation (Fiedler, Tannenbaum and Schmidt, and Vroom and Yetton). This work was an integral part of the wave of organizational behavior research that led to what we labeled a "Contingency Theory" of organizations at the time. Like much of the early contingency work, these efforts on leadership suffered from some limitations. First, while there was an agreement that the appropriate leadership style did depend on situational contingencies, there was not complete agreement about what such factors were. For example, all three of the authors cited indicated that the appropriate leadership style did depend upon the nature of the task, specifically how certain or uncertain it was. However Vroom and Yetton defined the task as decision making, while the others were not so specific about the type of task.

      Keywords: Leadership Style; Situation or Environment; Behavior; Theory;

      Citation:

      Lorsch, Jay W. "A Contingency Theory of Leadership." Chap. 15 in Handbook of Leadership Theory and Practice, edited by Nitin Nohria and Rakesh Khurana. Harvard Business Press, 2010.  View Details
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    4. Chapter | Boardroom Realities: Building Leaders Across Your Board | 2009

      Leadership: The Key to Effective Boards

      Jay W. Lorsch

      Keywords: Leadership; Governing and Advisory Boards;

      Citation:

      Lorsch, Jay W. "Leadership: The Key to Effective Boards." Chap. 1 in Boardroom Realities: Building Leaders Across Your Board. 1st ed. Edited by Jay A. Conger, 25–50. Jossey-Bass, 2009.  View Details
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    5. Chapter | Knowledge Creation and Management: New Challenges for Managers | 2006

      Governance Information in Knowledge-Based Companies

      Jay W. Lorsch

      Keywords: Corporate Governance; Knowledge Management; Information Management; Information Industry;

      Citation:

      Lorsch, Jay W. "Governance Information in Knowledge-Based Companies." Chap. 14 in Knowledge Creation and Management: New Challenges for Managers, edited by Kazuo Ichijo and Ikujiro Nonaka, 229–239. New York: Oxford University Press, 2006.  View Details
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    6. Chapter | What Managers Say, What Employees Hear | 2006

      Products, Customers, and Front-Line Employees

      Jay W. Lorsch

      Keywords: Product; Customers; Employees; Interpersonal Communication;

      Citation:

      Lorsch, Jay W. "Products, Customers, and Front-Line Employees." Chap. 6 in What Managers Say, What Employees Hear, edited by Regina Fazio Maruca, 55–62. Westport, CT: Praeger, 2006.  View Details
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    7. Chapter | The Accountable Corporation, Vol. 1: Corporate Governance | 2005

      Empowering the Board, Revisited

      Jay W. Lorsch

      Keywords: Corporate Governance; Governing and Advisory Boards;

      Citation:

      Lorsch, Jay W. "Empowering the Board, Revisited." In The Accountable Corporation, Vol. 1: Corporate Governance, edited by Marc J. Epstein and Kirk O. Hanson. Praeger, 2005.  View Details
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    8. Chapter | Restoring Trust in American Business | 2005

      The Professionalization of Corporate Directors

      Martin Lipton and Jay W. Lorsch

      Keywords: Management Teams; Governing and Advisory Boards;

      Citation:

      Lipton, Martin, and Jay W. Lorsch. "The Professionalization of Corporate Directors." In Restoring Trust in American Business, edited by Jay W. Lorsch, A. Zelleke, and Leslie Berlowitz. Cambridge: American Academy of Arts and Sciences, 2005.  View Details
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    9. Chapter | Concise International Encyclopedia of Business and Management | 1997

      Corporate Governance

      J. W. Lorsch

      Keywords: Corporate Governance;

      Citation:

      Lorsch, J. W. "Corporate Governance." In Concise International Encyclopedia of Business and Management, edited by Malcolm Warner. Thomson Learning, 1997.  View Details
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    10. Chapter | ZFBF | 1996

      German Corporate Governance and Management: An American's Perspective

      J. W. Lorsch

      Keywords: Corporate Governance; Germany;

      Citation:

      Lorsch, J. W. "German Corporate Governance and Management: An American's Perspective." In ZFBF, edited by Axel v. Weder. Dusseldorf: Verlagsgruppe Handelsblatt, 1996.  View Details
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    11. Chapter | Capital Choices: Changing the Way America Invests in Industry | 1992

      Corporate Governance and Investment Time Horizons

      J. W. Lorsch and E. MacIver

      Keywords: Corporate Governance; Investment; Time Management;

      Citation:

      Lorsch, J. W., and E. MacIver. "Corporate Governance and Investment Time Horizons." In Capital Choices: Changing the Way America Invests in Industry, edited by M. E. Porter. Washington, D.C.: Council on Competitiveness, 1992.  View Details
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    Working Papers

    1. Working Paper | HBS Working Paper Series | 1998

      Compensating Corporate CEO's: A Process View

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Compensating Corporate CEO's: A Process View." Harvard Business School Working Paper, No. 99-013, October 1998.  View Details
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    Cases and Teaching Materials

    1. Case | HBS Case Collection | June 2017 (Revised October 2017)

      Uber in 2017: One Bumpy Ride

      Suraj Srinivasan, Jay W. Lorsch and Quinn Pitcher

      Uber Technologies Inc., the popular ride-hailing company, entered 2017 having doubled its bookings in 2016 and achieving a valuation of nearly $70 billion, making it the largest venture capital-backed company in the world. Co-founder and CEO Travis Kalanick embodied the company, with a hard-charging attitude embedded in the company’s workplace culture that allowed it to successfully take on the entrenched taxi industry. Uber looked to enjoy another year of global growth in 2017, until lawsuits and a cascading series of scandals surrounding that same workplace culture led a group of powerful investors to seek Kalanick’s resignation to protect their investment. This case presents an overview of the growth of Uber, the impact of Kalanick, and the role that Uber’s board of directors had in shaping the company’s growth. It centers on the factors leading to Uber board members and investors to call for Kalanick’s resignation, focusing on how board oversight can help shape company culture and how entrepreneurial boards deal with founder CEOs. It then deals with the events that happened in the aftermath of Kalanick's resignation, including the appointment of Dara Khosrowshahi as CEO and the changes, the lawsuit brought against Kalanick by venture capital firm Benchmark Capital, and the governance changes proposed at the end of September 2017.

      Keywords: Governance; Technology; Transportation; Venture Capital; Organizational Culture; Technology Industry; Transportation Industry; United States;

      Citation:

      Srinivasan, Suraj, Jay W. Lorsch, and Quinn Pitcher. "Uber in 2017: One Bumpy Ride." Harvard Business School Case 117-070, June 2017. (Revised October 2017.)  View Details
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    2. Teaching Note | HBS Case Collection | February 2014

      Olympus (A)

      Jay W. Lorsch and Suraj Srinivasan

      As 2012 approached the woes of the financial crisis seemed to be fading, companies were resuming business as usual and some of the scrutiny on corporate governance practices began to recede as well. That is until another major financial scandal emerged in Japan in the fall of 2011. It was slowly revealed that the 92-year-old camera and medical photo-imaging company, Olympus, had been hiding its losses for more than a decade—to the tune of $1.7 billion—long before the current economic pressures, slow job growth, and poor investor confidence plagued the global economy. The fraud renewed the focus on corporate governance policies world-wide, but especially in Japan, where the lack of board independence and a deep-rooted corporate culture entrenched in personal loyalties fostered an environment that made it difficult for scandals such as this to be unveiled, let alone for whistleblowers to come forward about them.

      Keywords: Accounting; Corporate Governance; Corporate Accountability; Electronics Industry; Japan;

      Citation:

      Lorsch, Jay W., and Suraj Srinivasan. "Olympus (A)." Harvard Business School Teaching Note 114-072, February 2014.  View Details
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    3. Case | HBS Case Collection | June 2013 (Revised October 2013)

      Tim Blanchard at Jones Mendel & Co. (Abridged)

      Jay W. Lorsch and John Gabarro

      Tim Blanchard struggles to balance all the demands facing him as a partner of a consulting firm. He must decide how to serve clients, mentor his people, provide strategy and direction to the high-tech group, and spend time with family.

      Keywords: Business or Company Management; Management Style; Partners and Partnerships; Work-Life Balance; Problems and Challenges; Management Teams; Consulting Industry;

      Citation:

      Lorsch, Jay W., and John Gabarro. "Tim Blanchard at Jones Mendel & Co. (Abridged)." Harvard Business School Case 913-420, June 2013. (Revised October 2013.)  View Details
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    4. Case | HBS Case Collection | March 2018

      A Nonprofit Board in Transition at Farrington Nature Linc

      Jay Lorsch and Emily Irving

      Citation:

      Lorsch, Jay, and Emily Irving. "A Nonprofit Board in Transition at Farrington Nature Linc." Harvard Business School Case 418-066, March 2018.  View Details
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    5. Case | HBS Case Collection | August 2016

      CSI Ingenieros

      Jay Lorsch and Emily McTague

      CSI's business unit managers gathered around the downstairs conference room for the company's weekly meeting to discuss project bids. Cristina WaldAshley Hartman, who was in charge of finding projects for the engineering firm to work on, read through several she had identified while others in the room took notes. Since CSI's founding thirty-five years ago, the company had grown substantially. The growth so far had been fueled by the company's ability to diversify into other services in the construction and engineering space. CSI had a strong market and customer base in Uruguay but realized that in order to be successful it needed to expand internationally. One of the key objectives for CSI in 2016 was to build a clear plan for this expansion and design an organizational structure which could support its growth.

      Keywords: corporate governance; board; board committees; board dynamics; organization; organization alignment; dynamic capabilities; organization design; organizational prototyping; organizational silence; organizational learning; Organization Behavior; Organizational Change and Adaptation; Organizational Culture; Manufacturing Industry; South America; Uruguay;

      Citation:

      Lorsch, Jay, and Emily McTague. "CSI Ingenieros." Harvard Business School Case 417-022, August 2016.  View Details
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    6. Case | HBS Case Collection | May 2016 (Revised June 2016)

      A Succession as the Engine for Success

      Jay Lorsch, Emily McTague and Rosa Maria Fite

      Francisco J. Riberas sat in his office reflecting on his first summer working at the family business, in 1989. Growing up, Francisco Riberas had learned about the company through conversations with his father, Francisco Riberas Pampliega, over the dinner table and in their business trips. From a young age his father had instilled in him and his brother the importance of hard work, compassion, and integrity and given him opportunities to gain exposure to all aspects of the business.

      Keywords: organizational alignment; organizational behavior; corporate governance; family business; Family-owned business; succession; CEO mentoring; Spain; Family and Family Relationships; Management; Leadership; Auto Industry; Europe; Spain;

      Citation:

      Lorsch, Jay, Emily McTague, and Rosa Maria Fite. "A Succession as the Engine for Success." Harvard Business School Case 416-060, May 2016. (Revised June 2016.)  View Details
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    7. Case | HBS Case Collection | July 2015 (Revised February 2016)

      Proxy Contest at DuPont

      Jay W. Lorsch and Emily McTague

      On January 9, 2015, Nelson Peltz of Trian Fund Management launched a proxy fight for four out of the twelve seats on the DuPont board. The fund had previously published a public letter addressed to shareholders outlining its proposal to break the company into three areas: agriculture and nutrition, industrial materials, and performance chemicals and criticizing the company for its poor performance. CEO and Chairman Ellen Kullman and her board were left with the difficult decision. Should they allow four of Trian's nominees onto their board, knowing that it would mean replacing four highly experienced and valuable directors or should they go face to face with Peltz in a very public proxy fight?

      Keywords: board of directors; corporate governance; hedge fund; activist investing; Activist Investors; Corporate Governance; Chemical Industry; United States;

      Citation:

      Lorsch, Jay W., and Emily McTague. "Proxy Contest at DuPont." Harvard Business School Case 416-005, July 2015. (Revised February 2016.)  View Details
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    8. Case | HBS Case Collection | April 2015 (Revised July 2015)

      Proxy Access at Whole Foods

      Jay Lorsch and Emily McTague

      Proxy access grants shareholders meeting certain ownership requirements the right to nominate directors for election to the board without going through a typical proxy contest. In August 2010 the SEC approved a rule granting proxy access for shareholders meeting specific ownership requirements. The rule was challenged by US Chamber of Commerce and overturned in July 2011. Shortly after the rule was overturned, rules governing shareholder proposal process were amended so that shareholders could put forward proposals on proxy access at individual companies. Proxy access did not garner significant attention during the first two proxy seasons after the rule was amended. However in the 2015 proxy season, over 100 companies received proxy access proposals. This case chronicles the debate on proxy access from the perspective of institutional investors, shareholders, and US company's board of directors and management.

      Keywords: board of directors; proxy advisor; shareholder activism; Shareholder voting; shareholder votes; proxy battle; institutional change; institutional investing; Business and Shareholder Relations; Food and Beverage Industry; North America;

      Citation:

      Lorsch, Jay, and Emily McTague. "Proxy Access at Whole Foods." Harvard Business School Case 415-073, April 2015. (Revised July 2015.)  View Details
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    9. Teaching Note | HBS Case Collection | April 2015

      The Board of Directors at Market Basket

      Jay Lorsch and Emily McTague

      Teaching Note for the Board of Directors at Market Basket Case.

      Keywords: board; board of directors; corporate governance; Governing and Advisory Boards; Food and Beverage Industry; North America;

      Citation:

      Lorsch, Jay, and Emily McTague. "The Board of Directors at Market Basket." Harvard Business School Teaching Note 415-074, April 2015.  View Details
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    10. Supplement | HBS Case Collection | March 2015

      McKinsey & Co. - Protecting its Reputation (A) and (B)

      Jay W. Lorsch and Emily McTague

      The presentation supplement is designed to be used in conjunction with the case "McKinsey & Co. - Protecting its Reputation (A) and (B)," HBS No. 414-021 and 414-022.

      Keywords: corporate accountability; leadership; Leadership & Corporate Accountability; Leadership Development; Leadership Style; Organizational Culture; Construction Industry; North America;

      Citation:

      Lorsch, Jay W., and Emily McTague. "McKinsey & Co. - Protecting its Reputation (A) and (B)." Harvard Business School PowerPoint Supplement 415-069, March 2015.  View Details
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    11. Teaching Note | HBS Case Collection | March 2015

      McKinsey & Co.—Protecting its Reputation (A) and (B)

      Jay Lorsch and Emily McTague

      McKinsey & Co—Protecting its Reputation (A&B) is a field case written from the perspective of the Firm's Managing Director Dominic Barton. The two cases describe the actions McKinsey & Co took to protect the firm's reputation after the Rajat Gupta matter.
      The purpose of the case is to: (1) Evaluate how a Firm communicates with its various constituents after a major securities violation. (2) Discuss the importance of confidentiality and trust between consulting firms and their clients and what firms can do to protect this trust. (3) Think about how culture and values are spread in a firm as it grows in size and scope.

      Keywords: consulting firms; Leadership & Corporate Accountability; Leadership and Change Management; leadership and managing people; Leading a global business; corporate culture; corporate governance; professional service firms; professional service firm; Leadership; Corporate Accountability; Corporate Governance; Organizational Culture; Organizational Change and Adaptation; Consulting Industry; United States;

      Citation:

      Lorsch, Jay, and Emily McTague. "McKinsey & Co.—Protecting its Reputation (A) and (B)." Harvard Business School Teaching Note 415-067, March 2015.  View Details
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    12. Case | HBS Case Collection | February 2015 (Revised April 2015)

      The Board of Directors at Market Basket

      Jay W. Lorsch and Emily McTague

      The firing of Market Basket CEO Arthur T. Demoulas by his cousin, Arthur S. Demoulas, and directors affiliated with him set off employee protests throughout the grocery store chain. Industry specialists estimated that Market Basket was losing close to ten million dollars each day in lost business and inventory due to the protests. A long history of legal battles had destroyed the relationship between the families of the two cousins. This case describes the complexities of corporate governance for a family-owned organization.

      Keywords: corporate governance; organizational behavior; shareholder votes; board of directors; board dynamics; board decisions; boards; grocery; Organizational Culture; Organizational Structure; Business and Shareholder Relations; Corporate Governance; Food and Beverage Industry; New England;

      Citation:

      Lorsch, Jay W., and Emily McTague. "The Board of Directors at Market Basket." Harvard Business School Case 415-044, February 2015. (Revised April 2015.)  View Details
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    13. Case | HBS Case Collection | November 2014

      Jazztel

      Jay Lorsch and Emily McTague

      In October 2004 Fernández Pujals, founder of Telepizza, an international home delivery pizza business, bought 24.9% of Jazztel (€90 million), a telecom company. At the time, Jazztel was near bankruptcy and needed a capital injection to finish the year. Over the next ten years, Fernández Pujals led the restructuring of Jazztel's debt, reached an agreement with the former monopoly Telefónica, set up internal call centers, and transformed Jazztel into the fastest growing broadband operator in Spain. The case describes how Fernández Pujals designed and managed the board and led Jazztel towards profitable growth.

      Citation:

      Lorsch, Jay, and Emily McTague. "Jazztel." Harvard Business School Case 415-042, November 2014.  View Details
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    14. Supplement | HBS Case Collection | July 2014 (Revised October 2014)

      McKinsey & Co. - Protecting its Reputation (B)

      Jay Lorsch and Emily McTague

      On Tuesday March 15, 2011, all 1,200 global Partners of McKinsey & Co. gathered at the Gaylord National Hotel & Convention Center near Washington, DC for their annual Partners' conference. The atmosphere was tense as Partners, in addition to their normal agenda, discussed the Galleon Group insider-trading trial and the recent allegations against the Firm's former Managing Director, Rajat Gupta. Three months earlier Senior Partner, Anil Kumar, pled guilty to providing confidential information about McKinsey clients he served to Galleon Group founder Raj Rajaratnam. The McKinsey Partners were shocked and dismayed by the actions of Kumar, as well as the recent allegations against Gupta and were closely monitoring the situation. Could a former Managing Director of their Firm have conspired to enable insider trading? And if so, what did that mean for the future of the Firm?

      Keywords: board; McKinsey; reputation; corporate governance; risk management; CONSULTING firms; risk; Risk assessment; partnerships; insider trading; confidentiality; personal investing; Reputation; Corporate Accountability; Corporate Governance; Management Practices and Processes; Risk Management; Construction Industry; United States; California;

      Citation:

      Lorsch, Jay, and Emily McTague. "McKinsey & Co. - Protecting its Reputation (B)." Harvard Business School Supplement 415-022, July 2014. (Revised October 2014.)  View Details
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    15. Case | HBS Case Collection | July 2014 (Revised October 2014)

      McKinsey & Co. - Protecting its Reputation (A)

      Jay Lorsch and Emily McTague

      On Tuesday March 15, 2011, all 1,200 global Partners of McKinsey & Co. gathered at the Gaylord National Hotel & Convention Center near Washington, DC for their annual Partners' conference. The atmosphere was tense as Partners, in addition to their normal agenda, discussed the Galleon Group insider-trading trial and the recent allegations against the Firm's former Managing Director, Rajat Gupta. Three months earlier Senior Partner, Anil Kumar, pled guilty to providing confidential information about McKinsey clients he served to Galleon Group founder Raj Rajaratnam. The McKinsey Partners were shocked and dismayed by the actions of Kumar, as well as the recent allegations against Gupta and were closely monitoring the situation. Could a former Managing Director of their Firm have conspired to enable insider trading? And if so, what did that mean for the future of the Firm?

      Keywords: board; McKinsey; reputation; corporate governance; risk management; consulting firms; risk; Risk assessment; partnerships; insider trading; confidentiality; personal investing; Reputation; Corporate Accountability; Corporate Governance; Management Practices and Processes; Risk Management; Consulting Industry; United States; California;

      Citation:

      Lorsch, Jay, and Emily McTague. "McKinsey & Co. - Protecting its Reputation (A)." Harvard Business School Case 415-021, July 2014. (Revised October 2014.)  View Details
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    16. Case | HBS Case Collection | September 2013

      United Rentals (A)

      Jay W. Lorsch, Kathleen Durante and Emily McTague

      In December 1997 United Rentals (URI) went public on the NYSE. Ten years later, during the peak of the economic meltdown, the company's performance was in decline. United Rentals had experienced its share of problems in the prior years and was still struggling to emerge from this turmoil.

      In the spring of 2008, the recession had decimated the company's core business, construction equipment rental. The economic downturn resulted in a significant decrease in North American construction and industrial activities and had adversely affected the company's revenues and operating result. The stock of the company quickly fell from the mid-$30 range in late 2007 to $3 in March 2009. In addition, two of the company's former chief financial officers had been charged with securities fraud and other violations, by both the U.S. Attorney's office and the SEC.

      The Board was faced with the resignation of the founder and chairman, management succession issues, the failed merger with Cerberus, and the lawsuit in Delaware. The Board was responsible for overseeing the change in a number of senior management and board positions which became increasingly difficult due to the turmoil and poor performance of the company. Recruiting and retaining talent in senior management and the board was central to the success of the company, which relied on their people for strong performance. In addition the company's total indebtedness was approximately $3.3 billion, including $146 million of subordinated convertible debenture. The company's substantial indebtedness had the potential to have adverse consequences in a number of ways, including: increase their vulnerability to adverse economic, industry or competitive developments; require the company to devote a substantial portion of their cash flow to debt service, reduce the funds available for other purposes; limit their ability to obtain additional financing; and decrease their profitability or cash flow. And the company was still dealing with multiple purported class action and derivative lawsuits that had been filed against it. It was during this time the board started looking for candidates both for the CEO and Chairman positions.

      Keywords: corporate governance; board of directors; board dynamics; accounting fraud; governance; board committees; Merger; Corporate Governance; Construction Industry; United States;

      Citation:

      Lorsch, Jay W., Kathleen Durante, and Emily McTague. "United Rentals (A)." Harvard Business School Case 414-043, September 2013.  View Details
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    17. Supplement | HBS Case Collection | July 2013 (Revised October 2013)

      United Rentals (B)

      Jay W. Lorsch and Kathleen Durante

      In April 2012, Jenne Britell, the Chairman of the board of directors of United Rentals, Inc. (NYSE: URI) was preparing her notes for an upcoming stockholders' meeting. It was a meeting unlike most other meetings she had chaired. Stockholders were about to vote on a transaction that was perhaps the ultimate fulfillment of the founders' original vision. She was reminded of the company's founding just 15 years earlier and its meteoric growth. With a considerable sense of achievement and satisfaction, she reflected on her tenure as board chair commencing five years ago. Elected to the board in 2006 and then unanimously selected by her peers as Chairman in June 2008, Britell led the board through the aftermath of a tumultuous period that included senior management and board changes, a SEC investigation, financial restatements, the jilting of the company by Cerberus Capital Management in a transaction to acquire URI, and the deepest recession to hit the global economy since the Great Depression. At the meeting, stockholders would be asked to consider approval of a merger agreement between URI, the largest equipment rental company in the world, with RSC, the second largest equipment rental company in the world and URI's largest competitor. The meeting would mark the triumph of a new governance model and company strategy whose development and implementation Britell and CEO Michael Kneeland had led. As Britell reflected on the hard won gains, she also looked forward to the challenges and opportunities that lay ahead as the company managed the integration of RSC's operations with URI and the integration of three new board members from the acquired company. She also reflected on how governance and strategy could continue to evolve as the company planned for the next five years.

      Keywords: corporate governance; boards of directors; board committees; chairman; Governing and Advisory Boards; Corporate Governance; Construction Industry; North America;

      Citation:

      Lorsch, Jay W., and Kathleen Durante. "United Rentals (B)." Harvard Business School Supplement 414-031, July 2013. (Revised October 2013.)  View Details
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    18. Case | HBS Case Collection | June 2013 (Revised September 2015)

      Procter & Gamble

      Jay W. Lorsch and Kathleen Durante

      On July 12, 2012, Bill Ackman's Pershing Square Capital Management announced publicly that it had purchased about $2 billion of Procter and Gamble (P&G) stock. Shares in the company closed up 3.75% the day the disclosure was made public. Ackman told the New York Times that Pershing would be a major P&G shareholder. "We think it's an underrated stock," he said. "We think there is a lot of great opportunity there."

      During the next several months there was little or no public discussion of the matter although people familiar with the situation reported that Ackman held conversations with P&G directors individually. Then, on April 24, 2013, P&G announced that its 3rd quarter earnings had risen 6%. However its 4th quarter forecast fell short of Wall Street's expectations. Shares fell 5% based on this outlook. P&G results were lagging its peers by 4% in 2012 and 2% in the first quarter of 2013.

      Then, abruptly in late May, CEO Robert A. McDonald, who was 59, resigned. The board selected A.J. Lafley, (65) who had been McDonald's predecessor to return to lead the company. There was speculation about how long Lafley would stay and in what direction he would take the company. On June 6th, P&G announced that Lafley had appointed four senior executives to lead the company's major businesses, reporting directly to him.

      Keywords: Ackman; P&G; Pershing Square Capital Managment; Disruption; Management Succession; Crisis Management; Acquisition; Consumer Products Industry; Financial Services Industry;

      Citation:

      Lorsch, Jay W., and Kathleen Durante. "Procter & Gamble." Harvard Business School Case 413-127, June 2013. (Revised September 2015.)  View Details
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    19. Case | HBS Case Collection | June 2013

      Hess Corporation

      Jay W. Lorsch and Kathleen Durante

      On January 29, 2013, Elliott Management, a hedge fund run by Paul E. Singer, which owned 4.5% of Hess Corporation stock, put forward a slate of five independent directors it wanted elected to improve the company's performance. Elliott argued that Hess lacked focus and was distracted by ventures outside its core exploration and production business. Further it argued that John Hess, CEO and son of the founder, was more interested in "maintaining a family dynasty than instilling accountability and addressing chronic underperformance."

      Keywords: takeover attempt; board; Hess; Governing and Advisory Boards; Organizational Structure; Acquisition; Financial Services Industry; Energy Industry;

      Citation:

      Lorsch, Jay W., and Kathleen Durante. "Hess Corporation." Harvard Business School Case 413-126, June 2013.  View Details
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    20. Case | HBS Case Collection | May 2013 (Revised August 2013)

      McKinsey & Company

      Jay W. Lorsch and Kathleen Durante

      In early 2013 the leaders of McKinsey & Co., were reflecting, as they did periodically, on the path forward for their firm. Founded in Chicago in 1926 by James O. McKinsey (Mac), with only a small staff in one office, the firm had grown to be a global company with more than 17,000 firm members, including more than 9,000 consultants. It was arguably the world's preeminent management consulting firm. This case describes the history of events and decisions which have led to this enviable record of success, and poses the questions before the firm's senior leaders in 2013. What should be their path forward? Could the firm continue to grow successfully with its current strategy, organization, and culture?

      Keywords: CONSULTING firms; McKinsey; professional service firm; Marvin Bower; Strategy; Governance; Consulting Industry;

      Citation:

      Lorsch, Jay W., and Kathleen Durante. "McKinsey & Company." Harvard Business School Case 413-109, May 2013. (Revised August 2013.)  View Details
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    21. Teaching Plan | HBS Case Collection | January 2013

      The American National Red Cross (TP)

      Jay W. Lorsch and Michael Norris

      Citation:

      Lorsch, Jay W., and Michael Norris. "The American National Red Cross (TP)." Harvard Business School Teaching Plan 413-021, January 2013.  View Details
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    22. Supplement | HBS Case Collection | October 2012

      Olympus (B)

      Jay W. Lorsch, Suraj Srinivasan and Kathleen Durante

      This case outlines Michael Woodford's awards and honors, after having been fired from Olympus in October 2011. It discusses the repercussions following an investigation into the fraud and the report that was released thereafter. It also discusses the lawsuit that followed (filed by Woodford against Olympus), its settlement, and the new Olympus board and the fate of the Olympus executives who were at Olympus while the scandal occurred.

      Keywords: accounting; corporate governance; Accounting; Corporate Governance; Health Industry; Electronics Industry; Japan;

      Citation:

      Lorsch, Jay W., Suraj Srinivasan, and Kathleen Durante. "Olympus (B) ." Harvard Business School Supplement 413-075, October 2012.  View Details
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    23. Case | HBS Case Collection | June 2012 (Revised September 2015)

      Goldman Sachs Principles?

      Jay W. Lorsch and Kathleen Durante

      Citation:

      Lorsch, Jay W., and Kathleen Durante. "Goldman Sachs Principles?" Harvard Business School Case 412-148, June 2012. (Revised September 2015.)  View Details
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    24. Case | HBS Case Collection | June 2012

      Pepsi-Cola: Nutrition or Fun?

      Jay W. Lorsch and Kathleen Durante

      Citation:

      Lorsch, Jay W., and Kathleen Durante. "Pepsi-Cola: Nutrition or Fun? ." Harvard Business School Case 412-152, June 2012.  View Details
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    25. Case | HBS Case Collection | June 2012

      Walmart: Trouble South of the Border

      Jay W. Lorsch and Kathleen Durante

      Citation:

      Lorsch, Jay W., and Kathleen Durante. "Walmart: Trouble South of the Border ." Harvard Business School Case 412-151, June 2012.  View Details
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    26. Case | HBS Case Collection | December 2011 (Revised September 2015)

      Carl Icahn and Clorox

      Jay W. Lorsch and Kathleen Durante

      This case outlines the takeover attempt by activist investor, Carl Icahn, for the Clorox Company. The board of the company repeatedly rejected Icahn's offers as inadequate. He made three bids over the course of three months.

      Keywords: Investment Activism; Governing and Advisory Boards;

      Citation:

      Lorsch, Jay W., and Kathleen Durante. "Carl Icahn and Clorox." Harvard Business School Case 412-078, December 2011. (Revised September 2015.)  View Details
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    27. Case | HBS Case Collection | August 2010 (Revised March 2012)

      The Dow Acquisition of Rohm and Haas (A)

      Jay W. Lorsch and Melissa Barton

      The Rohm and Haas Board decided how to move forward after its largest shareholder chose to sell all of its shares in the company.

      Keywords: Governing and Advisory Boards; Leadership; Management Teams; Ownership Stake; Business and Shareholder Relations; Chemical Industry;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (A)." Harvard Business School Case 411-001, August 2010. (Revised March 2012.)  View Details
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    28. Supplement | HBS Case Collection | August 2010 (Revised March 2012)

      The Dow Acquisition of Rohm and Haas (B)

      Jay W. Lorsch and Melissa Barton

      The Dow Board made a bid for Rohm and Haas Company in order to transition its portfolio away from commodity chemicals towards specialty chemicals.

      Keywords: Mergers and Acquisitions; Investment Portfolio; Governing and Advisory Boards; Chemical Industry;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (B)." Harvard Business School Supplement 411-002, August 2010. (Revised March 2012.)  View Details
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    29. Supplement | HBS Case Collection | August 2010 (Revised March 2012)

      The Dow Acquisition of Rohm and Haas (C)

      Jay W. Lorsch and Melissa Barton

      The global economy entered a crippling recession in the fourth quarter of 2008 and Dow lost its primary source of funding for its planned acquisition of Rohm and Haas.

      Keywords: Mergers and Acquisitions; Financial Crisis; Financing and Loans; Chemical Industry;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (C)." Harvard Business School Supplement 411-003, August 2010. (Revised March 2012.)  View Details
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    30. Supplement | HBS Case Collection | August 2010 (Revised March 2012)

      The Dow Acquisition of Rohm and Haas (D)

      Jay W. Lorsch and Melissa Barton

      Dow's board and management team worked on arranging appropriate financing to complete the acquisition of Rohm and Haas. Meanwhile, the board of Rohm and Haas filed suit against Dow after it delayed the completion of the acquisition.

      Keywords: Mergers and Acquisitions; Financing and Loans; Governing and Advisory Boards; Lawsuits and Litigation; Management Teams; Chemical Industry;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (D)." Harvard Business School Supplement 411-004, August 2010. (Revised March 2012.)  View Details
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    31. Supplement | HBS Case Collection | August 2010 (Revised March 2012)

      The Dow Acquisition of Rohm and Haas (E)

      Jay W. Lorsch and Melissa Barton

      Dow completed the acquisition of Rohm and Haas and escaped a battle in a Delaware courtroom

      Keywords: Mergers and Acquisitions; Legal Liability; Managerial Roles; Complexity;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "The Dow Acquisition of Rohm and Haas (E)." Harvard Business School Supplement 411-005, August 2010. (Revised March 2012.)  View Details
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    32. Case | HBS Case Collection | April 2011 (Revised December 2013)

      Boardroom Change in Norway

      Jay W. Lorsch and Melissa Barton

      In 2003, the Norwegian Parliament amended the Public Limited Companies Act in order to achieve greater representation of women on corporate boards. According to the amendment, all state-owned companies and public limited companies were required to have at least 40% women on their boards. This case uses first-hand accounts from Norwegian directors to document the Norwegian business community's reaction to the quota, how Norwegian boards sought women directors, and the transferability of the quota law to other nations.

      Keywords: Laws and Statutes; Gender; Corporate Governance; Norway;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "Boardroom Change in Norway." Harvard Business School Case 411-089, April 2011. (Revised December 2013.)  View Details
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    33. Case | HBS Case Collection | July 2009 (Revised June 2011)

      RiskMetrics Group

      Jay W. Lorsch and Kaitlyn Simpson

      RiskMetrics Group, a risk and governance consultancy, had a great deal of influence on U.S. companies. This case examines the history and growth of the company, the governance services it offers, the extent of its impact on shareholders, the controversy surrounding its conflicts of interest, and the impact it has had on directors.

      Keywords: Conflict of Interests; Risk Management; Governing and Advisory Boards; Corporate Governance; Power and Influence; Consulting Industry; United States;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "RiskMetrics Group." Harvard Business School Case 410-008, July 2009. (Revised June 2011.)  View Details
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    34. Case | HBS Case Collection | June 2011

      Trouble in Islandia; Computer Associates 2001 - 2004

      Jay W. Lorsch and Melissa Barton

      The Board of Directors of Computer Associates deals with pressure from the U.S. Department of Justice as its members try to gain better insight into the accounting practices of the company's top management team.

      Keywords: Problems and Challenges; Corporate Governance; Management Teams; Ethics; Practice; Florida; United States;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "Trouble in Islandia; Computer Associates 2001 - 2004." Harvard Business School Case 411-112, June 2011.  View Details
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    35. Case | HBS Case Collection | October 2010 (Revised July 2012)

      Hewlett-Packard Company: CEO Succession in 2010

      Jay W. Lorsch, Krishna G. Palepu and Melissa Barton

      Mark Hurd resigned as the CEO of Hewlett Packard in 2010 after the board discovered that he had misfiled expense reports and paid an H.P. contractor for unsubstantiated work. After Hurd left H.P., he joined Oracle, an H.P. competitor. Soon thereafter, the H.P. board appointed a new CEO following an eight-week search.

      Keywords: Ethics; Governing and Advisory Boards; Leadership Development; Management Succession; Competitive Strategy; Technology Industry;

      Citation:

      Lorsch, Jay W., Krishna G. Palepu, and Melissa Barton. "Hewlett-Packard Company: CEO Succession in 2010." Harvard Business School Case 411-056, October 2010. (Revised July 2012.)  View Details
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    36. Case | HBS Case Collection | November 2010 (Revised September 2015)

      American International Group - 2010

      Jay W. Lorsch and Melissa Barton

      The AIG Board underwent significant restructuring after the company was bailed out by the U.S. government in September 2008 in the midst of the financial crisis.

      Keywords: Financial Crisis; Insolvency and Bankruptcy; Business and Government Relations; Governing and Advisory Boards; Management Teams; Restructuring; Financial Services Industry;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "American International Group - 2010." Harvard Business School Case 411-074, November 2010. (Revised September 2015.)  View Details
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    37. Case | HBS Case Collection | July 2008 (Revised September 2010)

      Sony Ericsson WTA Tour (A)

      Jay W. Lorsch and Kaitlyn Simpson

      Larry Scott, the new CEO of the Women's Tennis Association, arrives amidst turmoil. Players and tournaments clash over opposing interests. As a result, the board members who represent them are equally divided and feel conflicted about their role. They aren't sure how to help their constituents while also fulfilling their duty of oversight of the WTA as a whole. In order to make women's tennis more popular and profitable, Scott must find a way to get the board of directors to resolve their differences and work together for the greater good of the organization.

      Keywords: Corporate Governance; Governing and Advisory Boards; Leadership; Business and Stakeholder Relations; Conflict of Interests; Cooperation; Sports Industry;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "Sony Ericsson WTA Tour (A)." Harvard Business School Case 409-018, July 2008. (Revised September 2010.)  View Details
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    38. Supplement | HBS Case Collection | July 2008 (Revised September 2010)

      Sony Ericsson WTA Tour (B)

      Jay W. Lorsch and Kaitlyn Simpson

      Keywords: Electronics Industry;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "Sony Ericsson WTA Tour (B)." Harvard Business School Supplement 409-019, July 2008. (Revised September 2010.)  View Details
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    39. Supplement | HBS Case Collection | July 2008 (Revised September 2010)

      Sony Ericsson WTA Tour (C)

      Jay W. Lorsch and Kaitlyn Simpson

      Keywords: Electronics Industry;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "Sony Ericsson WTA Tour (C)." Harvard Business School Supplement 409-020, July 2008. (Revised September 2010.)  View Details
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    40. Case | HBS Case Collection | September 2007 (Revised September 2010)

      ValueAct: Shareholder in the Boardroom

      Jay W. Lorsch and Alexis Chernak

      ValueAct, a San Francisco investment firm, makes an investment in PerSe Technologies. The partners of ValueAct build relationships with the PerSe board and management. Eventually ValueAct is given a seat on the PerSe board and is able to influence a significant imprint in PerSe's performance.

      Keywords: Governing and Advisory Boards; Investment; Business and Shareholder Relations; Financial Services Industry; San Francisco;

      Citation:

      Lorsch, Jay W., and Alexis Chernak. "ValueAct: Shareholder in the Boardroom." Harvard Business School Case 408-007, September 2007. (Revised September 2010.)  View Details
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    41. Case | HBS Case Collection | November 2009 (Revised July 2012)

      Board Leadership at Entergy Corporation

      Jay W. Lorsch and Melissa Barton

      Wayne Leonard became CEO of Entergy in 1999. After serving as CEO for close to eight years, the Entergy Board named Leonard Chairman and CEO.

      Keywords: Management Teams; Governing and Advisory Boards; Leadership;

      Citation:

      Lorsch, Jay W., and Melissa Barton. "Board Leadership at Entergy Corporation." Harvard Business School Case 410-061, November 2009. (Revised July 2012.)  View Details
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    42. Case | HBS Case Collection | June 2002 (Revised January 2010)

      Delphi Corporation (A)

      Jay W. Lorsch, Rakesh Khurana and Sonya Sanchez

      The Delphi Corp.'s board of directors faces a transition as lead director Thomas Wyman approaches mandatory retirement. Chairman and CEO J.T. Battenberg reflects on Delphi's history and its successful reinvention by Wyman and Battenberg when it separated from its 100-year-old parent company, GM. Examines how boards of directors interact with top management and how management can work effectively with an active board.

      Keywords: Corporate Governance; Governing and Advisory Boards; Leadership; Management Succession; Management Teams; Relationships; Corporate Strategy;

      Citation:

      Lorsch, Jay W., Rakesh Khurana, and Sonya Sanchez. "Delphi Corporation (A)." Harvard Business School Case 402-033, June 2002. (Revised January 2010.)  View Details
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    43. Case | HBS Case Collection | March 2009 (Revised December 2009)

      Relational Investors and Home Depot (A)

      Jay W. Lorsch and Kaitlyn Simpson

      In 2006, amidst shareholder upset over CEO Robert Nardelli's compensation and Home Depot's declining stock price, Relational Investors decided to further investigate the situation. As experts in turning around underperforming and undervalued companies, Relational's principals saw opportunities for Home Depot to improve its stock price through changes in strategy, corporate governance, and capital allocation. In particular, Relational felt Nardelli's growth plan for the company had caused the decline in the stock price. Relational decided to invest in Home Depot and intended to initiate a proxy fight if the board did not reassess the company's strategy. Shortly thereafter, Nardelli left Home Depot and the board offered Relational a board seat. This case describes Relational's analysis of the problems at Home Depot, why they decided to invest, and how they went about getting their recommendations implemented.

      Keywords: Restructuring; Financial Management; Investment; Corporate Governance; Governing and Advisory Boards; Organizational Change and Adaptation; Ownership Stake; Business and Shareholder Relations; Corporate Strategy;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "Relational Investors and Home Depot (A)." Harvard Business School Case 409-076, March 2009. (Revised December 2009.)  View Details
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    44. Supplement | HBS Case Collection | March 2009 (Revised December 2009)

      Relational Investors and Home Depot (B)

      Jay W. Lorsch and Kaitlyn Simpson

      Keywords: Investment; Retail Industry; Consumer Products Industry;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "Relational Investors and Home Depot (B)." Harvard Business School Supplement 409-082, March 2009. (Revised December 2009.)  View Details
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    45. Case | HBS Case Collection | June 2009

      The Role of the Audit Committee in Risk Oversight

      Jay W. Lorsch and Kaitlyn Simpson

      An audit committee chair considers how he can help his committee become more effective given the increasing regulatory demands on audit committees. He also wrestles with the lack of specificity in audit committee duties and whether his committee should take on additional responsibilities. In particular, he considers the growing concern over risk oversight and wonders what kinds of risks the audit committee should consider and whether they should be the sole repository for risk management. This case includes a historical overview of the beginnings and evolution of audit committees, and the laws and regulations that have affected their role over time.

      Keywords: Accounting Audits; Corporate Governance; Governing Rules, Regulations, and Reforms; Governing and Advisory Boards; Laws and Statutes; Risk Management;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "The Role of the Audit Committee in Risk Oversight." Harvard Business School Case 409-016, June 2009.  View Details
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    46. Case | HBS Case Collection | June 2009

      Executive Remuneration at Royal Dutch Shell (A)

      Jay W. Lorsch and Kaitlyn Simpson

      The remuneration committee at Shell decided to exercise their discretionary power to award five top executives a bonus for 2008, even though they had not met the necessary performance measures under the compensation plan. Proxy advisors RiskMetrics and the British Association of Insurers advise their clients to vote against the plan at the upcoming 2009 annual meeting. The Shell remuneration committee wonders how the shareholders will react.

      Keywords: Corporate Governance; Governance Controls; Executive Compensation; Performance Evaluation; Business and Shareholder Relations; Energy Industry;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "Executive Remuneration at Royal Dutch Shell (A)." Harvard Business School Case 409-126, June 2009.  View Details
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    47. Supplement | HBS Case Collection | June 2009

      Executive Remuneration at Royal Dutch Shell (B)

      Jay W. Lorsch and Kaitlyn Simpson

      At the 2009 Shell annual meeting, the majority of shareholders vote against the exclusive pay package. The B case compares the remuneration committee perspective (and their rationale for using discretion to award the bonuses) as well as the shareholder perspective (and their rationale for reacting so strongly against the pay package).

      Keywords: Voting; Corporate Governance; Governance Controls; Executive Compensation; Business and Shareholder Relations; Perspective; Energy Industry;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "Executive Remuneration at Royal Dutch Shell (B)." Harvard Business School Supplement 409-127, June 2009.  View Details
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    48. Case | HBS Case Collection | November 2007 (Revised March 2009)

      OppenheimerFunds and Take-Two Interactive (A)

      Jay W. Lorsch, Andrew Hill and Kaitlyn Simpson

      Describes the dilemma faced by Emmanuel Ferreira, a fund manager at OppenheimerFunds. As the largest shareholder and a long-time investor in software publisher Take-Two Interactive, Ferreira contemplates whether or not to get involved with other investors in trying to replace the board of directors at Take-Two Interactive. The company has been encountering a number of problems with its accounting methods and in the design of its products, etc. All of this has led to a depressed stock price, which is of serious concern to the manager(s) at OppenheimerFunds as well as to other investors. This leads a media turnaround firm to contact OppenheimerFunds and other large Take-Two shareholders with the intention of ousting the company's board, replacing management, and rejuvenating the company. No fund manager at OppenheimerFunds has ever pursued such an action, and the case invites readers to weigh the pros and cons of Ferreira's options.

      Keywords: Restructuring; Decision Choices and Conditions; Investment; Corporate Governance; Governing and Advisory Boards; Business and Shareholder Relations;

      Citation:

      Lorsch, Jay W., Andrew Hill, and Kaitlyn Simpson. "OppenheimerFunds and Take-Two Interactive (A)." Harvard Business School Case 408-074, November 2007. (Revised March 2009.)  View Details
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    49. Supplement | HBS Case Collection | November 2007 (Revised March 2009)

      OppenheimerFunds and Take-Two Interactive (B)

      Jay W. Lorsch, Andrew Hill and Kaitlyn Simpson

      Keywords: Insurance Industry;

      Citation:

      Lorsch, Jay W., Andrew Hill, and Kaitlyn Simpson. "OppenheimerFunds and Take-Two Interactive (B)." Harvard Business School Supplement 408-075, November 2007. (Revised March 2009.)  View Details
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    50. Case | HBS Case Collection | November 2008

      Partner Promotion and Development at DLA Piper

      Jay W. Lorsch and Kaitlyn Simpson

      Keywords: Partners and Partnerships; Personal Development and Career;

      Citation:

      Lorsch, Jay W., and Kaitlyn Simpson. "Partner Promotion and Development at DLA Piper." Harvard Business School Case 409-026, November 2008.  View Details
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    51. Case | HBS Case Collection | December 2007 (Revised October 2008)

      The American National Red Cross (A)

      Jay W. Lorsch, Eliot Sherman and David Chen

      Describes the governance issues facing the Board of Governors of the American Red Cross. After a series of issues--FDA consent decree on its blood operations; the response to 9/11 and Hurricane Katrina--the Red Cross board was under pressure to fix its governance from the public, the media, and from Congress. Describes the Red Cross governance structure and practices in place and the process used to examine them.

      Keywords: Corporate Governance; Governing and Advisory Boards; Management Practices and Processes; Service Operations; Business Processes; Non-Governmental Organizations; Service Industry;

      Citation:

      Lorsch, Jay W., Eliot Sherman, and David Chen. "The American National Red Cross (A)." Harvard Business School Case 408-040, December 2007. (Revised October 2008.)  View Details
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    52. Supplement | HBS Case Collection | December 2007 (Revised October 2008)

      The American National Red Cross (B)

      Jay W. Lorsch and Eliot Sherman

      Keywords: Non-Governmental Organizations; Nonprofit Organizations;

      Citation:

      Lorsch, Jay W., and Eliot Sherman. "The American National Red Cross (B)." Harvard Business School Supplement 408-041, December 2007. (Revised October 2008.)  View Details
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    53. Case | HBS Case Collection | June 2007 (Revised April 2008)

      Say on Pay

      Jay W. Lorsch, V.G. Narayanan and Alexis Chernak

      Briefly describes the trend in 2006 and 2007 in the United States to give shareholders an advisory vote on executive compensation. Highlights a few examples where shareholders have successfully garnered a majority in support of an advisory vote measure on company proxy ballots, and describes discussion within Congress on the matter.

      Keywords: Voting; Corporate Governance; Governing and Advisory Boards; Executive Compensation; Business and Government Relations; Business and Shareholder Relations; United States;

      Citation:

      Lorsch, Jay W., V.G. Narayanan, and Alexis Chernak. "Say on Pay." Harvard Business School Case 407-129, June 2007. (Revised April 2008.)  View Details
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    54. Case | HBS Case Collection | September 2006 (Revised February 2008)

      Philips Electronics N.V.

      Jay W. Lorsch and Alexis Chernak

      Looks at the multinational company, Philips Electronics, which is headquartered in the Netherlands, as an example of a company with a two-tiered board. The company is governed by both a supervisory board and a board of management. Examines the role, dynamic, and best practices of each of the two boards. Additionally, the case examines the relationship between the two boards and the key factors in determining that relationship.

      Keywords: Multinational Firms and Management; Corporate Governance; Governing and Advisory Boards; Business or Company Management; Management Teams; Netherlands;

      Citation:

      Lorsch, Jay W., and Alexis Chernak. "Philips Electronics N.V." Harvard Business School Case 407-047, September 2006. (Revised February 2008.)  View Details
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    55. Case | HBS Case Collection | October 2006 (Revised January 2008)

      Allianz AG: Becoming a European Company

      Jay W. Lorsch and Alexis Chernak

      Focuses on the decision made by leadership at Allianz AG, the German insurance and financial services company, to complete a cross-border merger with the Italian insurance and financial services company, RAS. Allianz, however, could not complete the cross-border merger by remaining a German corporation under the current German statutes. Allianz, however, could conduct the cross-border merger as a European company according to the Statute of the European Community (Societas Europaea, or SE), which was recently passed by the European Union and adopted into German law. Examines the rationale for the decision made by the Allianz supervisory board and the board of management in addition to the process of becoming an SE, including the change in the composition of the supervisory board as a result of the merger and the conversion to an SE.

      Keywords: Mergers and Acquisitions; Business Organization; Decision Choices and Conditions; Cross-Cultural and Cross-Border Issues; Governing and Advisory Boards; Laws and Statutes; European Union; Germany; Italy;

      Citation:

      Lorsch, Jay W., and Alexis Chernak. "Allianz AG: Becoming a European Company." Harvard Business School Case 407-049, October 2006. (Revised January 2008.)  View Details
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    56. Case | HBS Case Collection | September 2006 (Revised November 2007)

      Board of Directors of Medtronic, Inc.

      Jay W. Lorsch and Alexis Chernak

      The board of directors of Medtronic, Inc., a company known for its commitment to effective corporate governance, must prepare for the departure of Chairman and CEO Bill George and the retirement of four long-time directors. The company had experienced rapid growth in the early 1990s as well as significant change in the composition of its board. Now the Medtronic directors must evaluate how the board has changed, how it will continue to change, and how it should prepare for the future.

      Keywords: Change Management; Corporate Governance; Governing and Advisory Boards; Management Succession; Organizational Culture;

      Citation:

      Lorsch, Jay W., and Alexis Chernak. "Board of Directors of Medtronic, Inc." Harvard Business School Case 407-045, September 2006. (Revised November 2007.)  View Details
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    57. Case | HBS Case Collection | November 2006 (Revised May 2007)

      Hewlett-Packard Company: The War Within

      Krishna G. Palepu, Jay W. Lorsch, Carin-Isabel Knoop and Eliot Sherman

      In September 2006 it was revealed that the Hewlett-Packard Company (HP) had been carrying out an extended investigation of its own employees, board members, and journalists outside the company. The investigation was launched in response to a series of leaks to the press that could only have come from highly placed members of the company. Fully understanding the context of the events of September, however, requires knowledge of board personalities and events that began under former CEO Carly Fiorina and continued thought the successful turnaround under her successor, Mark Hurd. As such, special focus is given to the individual board personalities and their conflicts over this time in order to fully explore the environment in which the investigation would later take place.

      Keywords: Problems and Challenges; Employee Relationship Management; Corporate Accountability; Corporate Governance; Governing and Advisory Boards; Management Analysis, Tools, and Techniques; Corporate Social Responsibility and Impact; Communication Technology; Conflict and Resolution; Newspapers; Computer Industry; Information Technology Industry;

      Citation:

      Palepu, Krishna G., Jay W. Lorsch, Carin-Isabel Knoop, and Eliot Sherman. "Hewlett-Packard Company: The War Within." Harvard Business School Case 107-030, November 2006. (Revised May 2007.)  View Details
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    58. Case | HBS Case Collection | June 2005 (Revised January 2007)

      The Board of Directors at Morgan Stanley Dean Witter (A)

      Jay W. Lorsch and Ashley Robertson

      Examines the resignation of Philip Purcell as chairman and CEO of Morgan Stanley as a result of poor performance and cultural problems, as well as his relationship to the board of directors.

      Keywords: Cross-Cultural and Cross-Border Issues; Corporate Governance; Resignation and Termination; Performance; Rank and Position;

      Citation:

      Lorsch, Jay W., and Ashley Robertson. "The Board of Directors at Morgan Stanley Dean Witter (A)." Harvard Business School Case 405-105, June 2005. (Revised January 2007.)  View Details
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    59. Supplement | HBS Case Collection | August 2005 (Revised January 2007)

      The Board of Directors at Morgan Stanley Dean Witter (B)

      Jay W. Lorsch and Alexis Chernak

      Keywords: Governing and Advisory Boards; Financial Services Industry;

      Citation:

      Lorsch, Jay W., and Alexis Chernak. "The Board of Directors at Morgan Stanley Dean Witter (B)." Harvard Business School Supplement 406-045, August 2005. (Revised January 2007.)  View Details
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    60. Case | HBS Case Collection | October 2006 (Revised October 2006)

      DLA Piper: Becoming a Global Firm

      Jay W. Lorsch and Alexis Chernak

      Focuses on DLA Piper, a global law firm resulting from the merger of the combined U.S. firm Piper Rudnick Gray Cary and the British firm DLA. At the time of the merger, the firms had similar strategies for the future and approaches to clients. While figuring out some of the details in order to successfully merge, the firm leadership has many questions about how to further align the merged firms in terms of strategy, people and systems, structure, culture, and leadership. Examines some of the steps the firm plans to take in the future to achieve greater alignment in order to move from being several local and regional entities to becoming one global firm.

      Keywords: Mergers and Acquisitions; Global Strategy; Leadership; Alignment; Expansion; Legal Services Industry; United States;

      Citation:

      Lorsch, Jay W., and Alexis Chernak. "DLA Piper: Becoming a Global Firm." Harvard Business School Case 407-057, October 2006. (Revised October 2006.)  View Details
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    61. Case | HBS Case Collection | February 2001 (Revised October 2006)

      McDuffy, Arms & Ginsberg

      Jay W. Lorsch

      Describes the musings of the managing partner of a law firm as he returns from an executive education program. He thinks about the many issues confronting him and his firm. Teaching Purpose: To prepare executive education participants to return to their companies and implement what they have learned.

      Keywords: Executive Education; Leadership; Management; Legal Services Industry;

      Citation:

      Lorsch, Jay W. "McDuffy, Arms & Ginsberg." Harvard Business School Case 401-028, February 2001. (Revised October 2006.)  View Details
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    62. Case | HBS Case Collection | January 2004 (Revised July 2006)

      Executive Remuneration at Reckitt Benckiser plc

      Jay W. Lorsch, V.G. Narayanan, Krishna G. Palepu, Lisa Brem and Ashley Robertson

      Reckitt Benckiser plc has developed an executive compensation system. This case outlines the structure of the system, its emphasis on performance-based pay and a global outlook, and explains the role of the human resources department, the board of directors, and company shareholders in determining pay. It raises questions about how to balance incentive remuneration effectively in recruiting and retaining top managers, while addressing shareholder concerns about executive compensation.

      Keywords: Governing and Advisory Boards; Employee Relationship Management; System; Executive Compensation; Retention; Performance; Human Resources; Recruitment; Business and Shareholder Relations;

      Citation:

      Lorsch, Jay W., V.G. Narayanan, Krishna G. Palepu, Lisa Brem, and Ashley Robertson. "Executive Remuneration at Reckitt Benckiser plc." Harvard Business School Case 104-062, January 2004. (Revised July 2006.)  View Details
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    63. Case | HBS Case Collection | July 1999 (Revised December 2005)

      Quickturn Design Systems, Inc. (F)

      Jay W. Lorsch and Katharina Pick

      Supplements the (A) case.

      Keywords: Patents; Governing and Advisory Boards; Behavior; Lawsuits and Litigation; Organizations; Acquisition; Corporate Governance; Service Industry;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (F)." Harvard Business School Case 400-011, July 1999. (Revised December 2005.)  View Details
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    64. Case | HBS Case Collection | July 1999 (Revised December 2005)

      Quickturn Design Systems, Inc. (G)

      Jay W. Lorsch and Katharina Pick

      Supplements the (A) case.

      Keywords: Patents; Governing and Advisory Boards; Behavior; Lawsuits and Litigation; Organizations; Acquisition; Corporate Governance; Service Industry;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (G)." Harvard Business School Case 400-012, July 1999. (Revised December 2005.)  View Details
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    65. Supplement | HBS Case Collection | November 2005

      Michael Ovitz and The Walt Disney Company (B)

      Jay W. Lorsch and Alexis Chernak

      Keywords: Entertainment and Recreation Industry;

      Citation:

      Lorsch, Jay W., and Alexis Chernak. "Michael Ovitz and The Walt Disney Company (B)." Harvard Business School Supplement 406-066, November 2005.  View Details
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    66. Case | HBS Case Collection | November 2005

      Michael Ovitz and The Walt Disney Company (A)

      Jay W. Lorsch and Alexis Chernak

      Faced with the need to hire a new president, The Walt Disney Co. pursued Michael Ovitz, a founder of the Creative Artist Agency. Although initially disinterested, Ovitz engaged in negotiations with Michael Eisner, CEO of The Walt Disney Co., in the summer of 1995 before accepting an offer. Ovitz officially began as president on October 1 of that year. While the hiring of Ovitz was at first heralded as a coup for Disney, Eisner and senior executives began to have doubts about Ovitz's fit with the company culture. By the summer of 1996, Eisner decided Ovitz had to be fired. He began conversations with members of the board of directors, who agreed Ovitz's contract should be terminated. Ovitz left the company at the end of the year with a sizable severance package.

      Keywords: Corporate Governance; Management Teams; Selection and Staffing; Negotiation; Organizational Culture;

      Citation:

      Lorsch, Jay W., and Alexis Chernak. "Michael Ovitz and The Walt Disney Company (A)." Harvard Business School Case 406-065, November 2005.  View Details
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    67. Case | HBS Case Collection | October 2004 (Revised July 2005)

      Kinetic Concepts, Inc.

      Jay W. Lorsch, Dwight B. Crane and Ashley Robertson

      Raises issues about how the nature and function of a board changes as a company moves from ownership by its employees, including the founder, to ownership by a private equity firm, Fremont Partners, culminating in a highly successful IPO. Gives students the opportunity to consider changes in board membership, board duties, and responsibilities. Teaching Purpose: To enable students to think about improving corporate governance at a specific company.

      Keywords: Private Equity; Governing and Advisory Boards; Initial Public Offering; Behavior; Organizations; Employee Ownership; Health Care and Treatment; Medical Devices and Supplies Industry; Health Industry; United States;

      Citation:

      Lorsch, Jay W., Dwight B. Crane, and Ashley Robertson. "Kinetic Concepts, Inc." Harvard Business School Case 405-042, October 2004. (Revised July 2005.)  View Details
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    68. Case | HBS Case Collection | July 2004 (Revised June 2005)

      Digitas (A)

      Jay W. Lorsch and Ashley Robertson

      Raises issues about how the nature and function of a board changes as its company moves from ownership by its employees (including the founder) to ownership by a private equity firm, Hellman & Friedman, to public ownership. Teaching Purpose: To consider changes in board membership, board duties, and board responsibilities. A rewritten version of an earlier case.

      Keywords: Private Equity; Governing and Advisory Boards; Behavior; Organizations; Employee Ownership; Public Ownership;

      Citation:

      Lorsch, Jay W., and Ashley Robertson. "Digitas (A)." Harvard Business School Case 405-023, July 2004. (Revised June 2005.)  View Details
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    69. Supplement | HBS Case Collection | June 2005

      Hancock Land Company and Hancock Lumber Company (VHS Video)

      John A. Davis, Dwight B. Crane and Jay W. Lorsch

      Keywords: Forest Products Industry; Real Estate Industry;

      Citation:

      Davis, John A., Dwight B. Crane, and Jay W. Lorsch. "Hancock Land Company and Hancock Lumber Company (VHS Video)." Harvard Business School Video Supplement 805-703, June 2005.  View Details
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    70. Supplement | HBS Case Collection | June 2005

      Hancock Land Company and Hancock Lumber Company (DVD)

      John A. Davis, Dwight B. Crane, Kelly Mulderry and Jay W. Lorsch

      Keywords: Forest Products Industry; Real Estate Industry;

      Citation:

      Davis, John A., Dwight B. Crane, Kelly Mulderry, and Jay W. Lorsch. "Hancock Land Company and Hancock Lumber Company (DVD)." Harvard Business School Video Supplement 805-704, June 2005.  View Details
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    71. Case | HBS Case Collection | July 2004 (Revised April 2005)

      Digitas (B)

      Jay W. Lorsch and Ashley Robertson

      Supplements the (A) case.

      Citation:

      Lorsch, Jay W., and Ashley Robertson. "Digitas (B)." Harvard Business School Case 405-025, July 2004. (Revised April 2005.)  View Details
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    72. Case | HBS Case Collection | February 2005 (Revised March 2005)

      The P&G Acquisition of Gillette

      Jay W. Lorsch and Ashley Robertson

      Raises issues about the role of boards of directors in compensating CEOs and, specifically, the rewards granted to CEOs for arranging a change-of-control for their companies.

      Keywords: Governing and Advisory Boards; Acquisition; Corporate Governance; Consumer Products Industry; United States;

      Citation:

      Lorsch, Jay W., and Ashley Robertson. "The P&G Acquisition of Gillette." Harvard Business School Case 405-082, February 2005. (Revised March 2005.)  View Details
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    73. Case | HBS Case Collection | May 2004 (Revised March 2005)

      SOX-POX?

      Jay W. Lorsch

      Describes the experiences of audit committee chairmen in responding to and implementing the Sarbanes-Oxley Act. Teaching Purpose: To help students understand the impact of the Sarbanes-Oxley Act on audit committees.

      Keywords: Government Legislation; Financial Reporting; Laws and Statutes; Accounting Audits;

      Citation:

      Lorsch, Jay W. "SOX-POX?" Harvard Business School Case 404-139, May 2004. (Revised March 2005.)  View Details
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    74. Case | HBS Case Collection | June 2004 (Revised November 2004)

      Restoring Trust at WorldCom

      Jay W. Lorsch and Ashley Robertson

      Examines the changes in corporate governance at WorldCom/MCI as proposed by the company's court-appointed corporate monitor, Richard Breeden. Following the largest bankruptcy ever and the downfall of the company, Breeden wrote "Restoring Trust," a report comprised of 78 recommendations for the future governance of the company. Teaching Purpose: To think about how to improve corporate governance at a specific company.

      Keywords: Change; Insolvency and Bankruptcy; Corporate Governance; Governing Rules, Regulations, and Reforms; Business and Government Relations; Trust;

      Citation:

      Lorsch, Jay W., and Ashley Robertson. "Restoring Trust at WorldCom." Harvard Business School Case 404-138, June 2004. (Revised November 2004.)  View Details
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    75. Case | HBS Case Collection | July 2004 (Revised August 2004)

      On Becoming a Board Member

      Jay W. Lorsch and Ashley Robertson

      A Hispanic executive is considering whether to join the board of directors of a company and receives advice from several more experienced directors. Teaching Purpose: To focus on the issues related to joining a board of directors.

      Keywords: Management; Leadership; Ethnicity; Governing and Advisory Boards;

      Citation:

      Lorsch, Jay W., and Ashley Robertson. "On Becoming a Board Member." Harvard Business School Case 405-012, July 2004. (Revised August 2004.)  View Details
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    76. Case | HBS Case Collection | August 2003 (Revised January 2004)

      Board of Directors at The Coca-Cola Company, The

      Jay W. Lorsch, Rakesh Khurana and Sonya Sanchez

      Provides a history of the board of directors of the Coca-Cola Co. through 2003. Describes the evolution in the board's membership, practices, and structure and the role it played in the company's governance. Questions are raised about the relationship between the board and top management, especially how the board is carrying out its responsibilities in the 21st century.

      Keywords: Governing and Advisory Boards; Corporate Governance; Food and Beverage Industry;

      Citation:

      Lorsch, Jay W., Rakesh Khurana, and Sonya Sanchez. "Board of Directors at The Coca-Cola Company, The." Harvard Business School Case 404-039, August 2003. (Revised January 2004.)  View Details
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    77. Class Lecture | 2004

      Corporate Governance in the U.S.: Scandals, Reforms, and the Future

      Jay W. Lorsch

      Keywords: Corporate Accountability; Governing Rules, Regulations, and Reforms; United States;

      Citation:

      Lorsch, Jay W. "Corporate Governance in the U.S.: Scandals, Reforms, and the Future." Boston: Harvard Business School Publishing Class Lecture, 2004. Electronic. (Faculty Lecture: HBSP Product Number 5844C.)  View Details
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    78. Case | HBS Case Collection | August 2003

      SEC Proposal for Nomination of Directors by Shareholders

      Jay W. Lorsch and Ashley Robertson

      Describes the U.S. Securities and Exchange Commission's 2003 proposal to allow shareholders to nominate a "short slate" of directors for the board of listed companies. Includes comment letters for and against the proposal.

      Keywords: Corporate Governance; Management Teams; Business and Shareholder Relations; United States;

      Citation:

      Lorsch, Jay W., and Ashley Robertson. "SEC Proposal for Nomination of Directors by Shareholders." Harvard Business School Case 404-048, August 2003.  View Details
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    79. Case | HBS Case Collection | July 1999 (Revised October 2001)

      Quickturn Design Systems, Inc. (D)

      Jay W. Lorsch and Katharina Pick

      Supplements the (A) case.

      Keywords: Patents; Governing and Advisory Boards; Behavior; Lawsuits and Litigation; Organizations; Acquisition; Corporate Governance; Service Industry;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (D)." Harvard Business School Case 400-005, July 1999. (Revised October 2001.)  View Details
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    80. Case | HBS Case Collection | September 2001 (Revised October 2001)

      Coca-Cola Company: The Quaker Oats Acquisition (A), The

      Jay W. Lorsch and Sonya Sanchez

      Discusses how CEOs should think about bringing strategic issues to the board, what issues to bring, how to position them, and which information to provide.

      Keywords: Managerial Roles; Corporate Governance; Strategy; Governing and Advisory Boards; Mergers and Acquisitions; Food and Beverage Industry;

      Citation:

      Lorsch, Jay W., and Sonya Sanchez. "Coca-Cola Company: The Quaker Oats Acquisition (A), The." Harvard Business School Case 402-027, September 2001. (Revised October 2001.)  View Details
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    81. Case | HBS Case Collection | September 2001 (Revised October 2001)

      Coca-Cola Company: The Quaker Oats Acqisition (B), The

      Jay W. Lorsch and Sonya Sanchez

      Supplements the (A) case.

      Keywords: Food and Beverage Industry;

      Citation:

      Lorsch, Jay W., and Sonya Sanchez. "Coca-Cola Company: The Quaker Oats Acqisition (B), The." Harvard Business School Case 402-030, September 2001. (Revised October 2001.)  View Details
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    82. Case | HBS Case Collection | July 1999 (Revised April 2001)

      Quickturn Design Systems, Inc. (A)

      Jay W. Lorsch and Katharina Pick

      Quickturn Design Systems, Inc. faces a hostile takeover bid from its competitor, Mentor Graphics. Mentor makes the bid at a moment when Quickturn's stock price is depressed and the company is defending against a patent suit filed by Mentor. The two companies have a history of patent disputes, all of which Quickturn has won. Teaching Purpose: Examines the Quickturn board's fiduciary duties in the context of a hostile takeover as well as the effectiveness and legality of various defensive measures.

      Keywords: Patents; Governing and Advisory Boards; Behavior; Lawsuits and Litigation; Organizations; Acquisition; Corporate Governance; Service Industry;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (A)." Harvard Business School Case 400-001, July 1999. (Revised April 2001.)  View Details
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    83. Case | HBS Case Collection | July 1999 (Revised April 2001)

      Quickturn Design Systems, Inc. (B)

      Jay W. Lorsch and Katharina Pick

      Supplements the (A) case.

      Keywords: Patents; Governing and Advisory Boards; Behavior; Lawsuits and Litigation; Organizations; Acquisition; Corporate Governance; Service Industry;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (B)." Harvard Business School Case 400-003, July 1999. (Revised April 2001.)  View Details
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    84. Teaching Note | HBS Case Collection | February 2001

      RJR Nabisco Board, The: Guardians of the Gate? (A) and (B) TN

      Jay W. Lorsch

      Teaching Note for ((9-491-120) and (9-491-121).

      Keywords: Consumer Products Industry;

      Citation:

      Lorsch, Jay W. "RJR Nabisco Board, The: Guardians of the Gate? (A) and (B) TN." Harvard Business School Teaching Note 401-020, February 2001.  View Details
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    85. Case | HBS Case Collection | February 2001

      California PERS (B)

      Jay O. Light, Jay W. Lorsch, James O. Sailer and Katharina Pick

      The largest state pension fund continues the evolution of its approach to corporate governance contemplating "relationship investing" and other new approaches.

      Keywords: Investment; Corporate Governance; Financial Management; Asset Management; Business and Shareholder Relations; Investment Funds; Financial Services Industry; California;

      Citation:

      Light, Jay O., Jay W. Lorsch, James O. Sailer, and Katharina Pick. "California PERS (B)." Harvard Business School Case 201-091, February 2001.  View Details
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    86. Case | HBS Case Collection | July 1991 (Revised August 2000)

      California PERS (A)

      Jay O. Light, Jay W. Lorsch and James O. Sailer

      Examines California Public Employees Retirement System (CalPERS), the world's fourth largest pension fund. Dale Hanson, CEO of CalPERS, has a problem; how does he use CalPERS' influence as the holder of a small percentage of 1,300 American companies to put pressure on corporate America to achieve better returns for shareholders? The case discusses the constraints which confront CalPERS as a quasi-state agency and describes their efforts to improve corporate governance to date.

      Keywords: Employees; Retirement; System; Asset Pricing; Performance Improvement; Corporate Governance; Investment Funds; Investment Return; California;

      Citation:

      Light, Jay O., Jay W. Lorsch, and James O. Sailer. "California PERS (A)." Harvard Business School Case 291-045, July 1991. (Revised August 2000.)  View Details
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    87. Case | HBS Case Collection | August 2000

      Mannesmann AG

      Jay W. Lorsch and Katharina Pick

      Explores the functioning of a German supervisory board in the context of a takeover bid made by a British company.

      Keywords: Corporate Governance; Mergers and Acquisitions; Governing and Advisory Boards; Cross-Cultural and Cross-Border Issues; Germany; United Kingdom;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Mannesmann AG." Harvard Business School Case 401-013, August 2000.  View Details
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    88. Background Note | HBS Case Collection | June 2000

      Note on CEO Evaluation

      Jay W. Lorsch and Katharina Pick

      Discusses the trend toward formal evaluations, by boards of directors, of CEO performance. The benefits and challenges of CEO evaluation are discussed and a particular process of CEO evaluation at Dayton Hudson Corp. is described. Teaching Purpose: To introduce issues surrounding formal CEO evaluation, and the benefits, the challenges, and the characteristics of one already existing process.

      Keywords: Governing and Advisory Boards; Business Processes; Performance; Problems and Challenges; Valuation;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Note on CEO Evaluation." Harvard Business School Background Note 400-100, June 2000.  View Details
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    89. Teaching Note | HBS Case Collection | October 1999

      Ray Corey at Norton TN

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Ray Corey at Norton TN." Harvard Business School Teaching Note 400-046, October 1999.  View Details
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    90. Case | HBS Case Collection | July 1999

      Quickturn Design Systems, Inc. (C)

      Jay W. Lorsch and Katharina Pick

      Supplements the (A) case.

      Keywords: Patents; Governing and Advisory Boards; Behavior; Lawsuits and Litigation; Organizations; Acquisition; Corporate Governance; Service Industry;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (C)." Harvard Business School Case 400-004, July 1999.  View Details
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    91. Case | HBS Case Collection | July 1999

      Quickturn Design Systems, Inc. (E)

      Jay W. Lorsch and Katharina Pick

      Supplements the (A) case.

      Keywords: Patents; Governing and Advisory Boards; Behavior; Lawsuits and Litigation; Organizations; Acquisition; Corporate Governance; Service Industry;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Quickturn Design Systems, Inc. (E)." Harvard Business School Case 400-006, July 1999.  View Details
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    92. Case | HBS Case Collection | June 1999

      Furr's/Bishop's, Inc. (A)

      Jay W. Lorsch and Katharina Pick

      Keywords: Food; Food and Beverage Industry; United States;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Furr's/Bishop's, Inc. (A)." Harvard Business School Case 499-064, June 1999.  View Details
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    93. Case | HBS Case Collection | June 1999

      Furr's/Bishop's, Inc. (B)

      Jay W. Lorsch and Katharina Pick

      Keywords: Food; Food and Beverage Industry; United States;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Furr's/Bishop's, Inc. (B)." Harvard Business School Case 499-073, June 1999.  View Details
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    94. Case | HBS Case Collection | June 1999

      Furr's/Bishop's, Inc. (C)

      Jay W. Lorsch and Katharina Pick

      Keywords: Food; Food and Beverage Industry; United States;

      Citation:

      Lorsch, Jay W., and Katharina Pick. "Furr's/Bishop's, Inc. (C)." Harvard Business School Case 499-074, June 1999.  View Details
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    95. Teaching Note | HBS Case Collection | March 1999

      California PERS TN

      Jay W. Lorsch

      Teaching Note for (9-291-045).

      Keywords: California;

      Citation:

      Lorsch, Jay W. "California PERS TN." Harvard Business School Teaching Note 499-051, March 1999.  View Details
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    96. Teaching Note | HBS Case Collection | March 1999

      CEO Evaluation at Dayton Hudson TN

      Jay W. Lorsch

      Teaching Note for (9-491-116).

      Citation:

      Lorsch, Jay W. "CEO Evaluation at Dayton Hudson TN." Harvard Business School Teaching Note 499-052, March 1999.  View Details
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    97. Teaching Note | HBS Case Collection | March 1999

      Lyondell Petrochemical Company TN

      Jay W. Lorsch

      Teaching Note for (9-498-028).

      Keywords: Chemical Industry;

      Citation:

      Lorsch, Jay W. "Lyondell Petrochemical Company TN." Harvard Business School Teaching Note 499-053, March 1999.  View Details
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    98. Case | HBS Case Collection | May 1998

      Corpoven, S.A.

      Jay W. Lorsch and Daniel P. Erikson

      Keywords: Energy Industry;

      Citation:

      Lorsch, Jay W., and Daniel P. Erikson. "Corpoven, S.A." Harvard Business School Case 498-079, May 1998.  View Details
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    99. Case | HBS Case Collection | February 1998

      Lyondell Petrochemical Company

      Jay W. Lorsch and Daniel P. Erikson

      In August 1994, Lyondell Petrochemical Co.'s corporate parent and largest single shareholder effectively shed its stock, resulting in the resignation of 5 of its 11 directors. The remaining outside directors immediately acted to overhaul the executive compensation plan used to pay the CEO and other top officers. This case examines the role played by the compensation committee of the board of directors in this initiative. Also addresses several important aspects of the compensation process, including the role played by outside consultants, appropriate ways of measuring performance, and the motivational impact of pay plans on management.

      Keywords: Corporate Governance; Governing and Advisory Boards; Executive Compensation; Design; Business or Company Management; Management Teams; Mining Industry;

      Citation:

      Lorsch, Jay W., and Daniel P. Erikson. "Lyondell Petrochemical Company." Harvard Business School Case 498-028, February 1998.  View Details
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    100. Case | HBS Case Collection | November 1996

      Del Webb Corporation (A), The

      Jay W. Lorsch and Samanta Graff

      Begins with a company history, tracing the tenures of founder Del E. Webb and his successor as chairman and CEO, Robert H. Johnson. Johnson inherited a diversified company that was involved in construction, real estate development (including the famous Sun City), and the hotel-casino business. Johnson left Del Webb near bankruptcy in 1981, and renowned turnaround artist Robert K. Swanson was brought in to rescue the company. Describes Swanson's turnaround scheme and proceeds to highlight the misgivings of several corporate managers toward Swanson's managerial style, boardroom appointment, and strategic plans. When CFO Phil Dion was promoted to president and nominated to the board in 1987, he began to challenge Swanson aggressively. The board, which comprised many of Swanson's close friends and business colleagues, was supportive of Swanson. In the fall of 1987, crisis hit. The company was forced to take a close to $100 million write-down, the stock price took a dive, and Swanson and three board members resigned. The remaining board members were left with a faltering company and no succession plan.

      Keywords: Management Style; Conflict Management; Governing and Advisory Boards; Management Succession; Crisis Management;

      Citation:

      Lorsch, Jay W., and Samanta Graff. "Del Webb Corporation (A), The." Harvard Business School Case 497-016, November 1996.  View Details
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    101. Case | HBS Case Collection | November 1996

      Del Webb Corporation (B), The

      Jay W. Lorsch and Samanta Graff

      On November 16, 1987, the Del Webb board appointed Phil Dion chairman and CEO. This case outlines the development and implementation of a strategy to focus exclusively on real estate development and to liquidate all other assets. Discusses the appointment of two new board members to fill the slots vacated by the directors who followed Swanson out the door. Proceeds to describe the activities of two investors: Ronald Brierly of Industrial Equity Pacific and James Cotter of Webcott Holdings. Independently of one another, these investors had each purchased over 9% of Del Webb stock at a premium just before the stock price plummeted in the fall of 1987. These investors laid low for over a year, waiting to see if the descent in the stock price had been a temporary blip or a sustaining trend. When they concluded it was the latter, each investor approached Dion with the request that he be allowed to put a representative on the Del Webb board.

      Keywords: Crisis Management; Management Succession; Strategic Planning; Governing and Advisory Boards; Business and Shareholder Relations; Conflict of Interests; Real Estate Industry;

      Citation:

      Lorsch, Jay W., and Samanta Graff. "Del Webb Corporation (B), The." Harvard Business School Case 497-017, November 1996.  View Details
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    102. Case | HBS Case Collection | November 1996

      Del Webb Corporation (C), The

      Jay W. Lorsch and Samanta Graff

      Dion and the other Del Webb directors were open to having Industrial Equity Pacific (IEP) and Webcott Holdings representation on the board. The IEP representative was perceived as reserved and lacking in sophistication. Cotter of Webcott, however, struck the directors as savvy but antagonistic and disruptive. Cotter's goal was to position the company as a possible takeover target, and he agitated in the boardroom for changes that he felt would open up the company to potential acquirers. He also launched a proxy battle in an attempt to eliminate Dion's golden parachute and the company's poison pill.

      Keywords: Crisis Management; Management Succession; Strategic Planning; Governing and Advisory Boards; Horizontal Integration; Conflict Management;

      Citation:

      Lorsch, Jay W., and Samanta Graff. "Del Webb Corporation (C), The." Harvard Business School Case 497-019, November 1996.  View Details
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    103. Case | HBS Case Collection | October 1995 (Revised July 2015)

      Cambridge Consulting Group: Bob Anderson

      Jay W. Lorsch and John J. Gabarro

      Describes the situation facing the head of a rapidly growing industry-focused group within a consulting company. Highlights the dilemmas of being a "producing manager" (i.e., a professional who has both individual production as well as management responsibilities). Issues raised include: delegation, developing subordinates, developing an agenda, and building an organization.

      Keywords: Management; Managerial Roles; Agency Theory; Consulting Industry;

      Citation:

      Lorsch, Jay W., and John J. Gabarro. "Cambridge Consulting Group: Bob Anderson." Harvard Business School Case 496-023, October 1995. (Revised July 2015.)  View Details
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    104. Case | HBS Case Collection | April 1994 (Revised August 1996)

      American Express (A)

      Jay W. Lorsch

      In January 1993, the American Express board met to decide who would succeed James D. Robinson, III as chairman and CEO. The board needed to act in the spotlight of intense media and investor scrutiny, and after leaks had revealed that there was a conflict among the board members about whether Robinson should have been asked to leave. The board needed to find a way of calming the public's concern over the future of American Express, at the same time choosing a leadership structure that would lead American Express for the foreseeable future. The case brings up several critical issues revolving around CEO succession and performance evaluation: What should the board take into account when deciding when to ask a CEO to step down? What kinds of processes can boards institute so that such battles over CEO succession will not ensue?

      Keywords: Decision Making; Corporate Governance; Resignation and Termination; Leadership; Management Succession; Performance Evaluation;

      Citation:

      Lorsch, Jay W. "American Express (A)." Harvard Business School Case 494-093, April 1994. (Revised August 1996.)  View Details
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    105. Case | HBS Case Collection | April 1995 (Revised July 1996)

      Governance at Metallgesellschaft (A)

      Jay W. Lorsch and Samanta Graff

      MG Corp., a U.S. subsidiary of Germany's international conglomerate, Metallgesellschaft, engaged in a disastrous hedging strategy that nearly dragged the entire enterprise into bankruptcy. This case explores issues of responsibility and accountability among the relevant boards. In doing so, it highlights the German two-tier board system of governance.

      Keywords: Business Subsidiaries; Corporate Accountability; Business Conglomerates; Governing and Advisory Boards; Insolvency and Bankruptcy; Corporate Governance; Mining Industry; Chemical Industry; Germany; United States;

      Citation:

      Lorsch, Jay W., and Samanta Graff. "Governance at Metallgesellschaft (A)." Harvard Business School Case 495-055, April 1995. (Revised July 1996.)  View Details
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    106. Supplement | HBS Case Collection | April 1995 (Revised July 1996)

      Governance at Metallgesellschaft (B)

      Jay W. Lorsch and Samanta Graff

      Supplements the (A) case.

      Keywords: Business Subsidiaries; Corporate Accountability; Business Conglomerates; Governing and Advisory Boards; Insolvency and Bankruptcy; Corporate Governance; Mining Industry; Chemical Industry; Germany; United States;

      Citation:

      Lorsch, Jay W., and Samanta Graff. "Governance at Metallgesellschaft (B)." Harvard Business School Supplement 495-056, April 1995. (Revised July 1996.)  View Details
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    107. Teaching Note | HBS Case Collection | February 1996 (Revised June 1996)

      General Mills Board and Strategic Planning and Lukens Inc., The: The Melters' Committee (A) & (B) TN

      Jay W. Lorsch, Cynthia A. Montgomery and Lisa J. Chadderdon

      Teaching Note for (9-491-117), (9-493-070), and (9-493-071).

      Keywords: Strategic Planning; Governing and Advisory Boards; Joint Ventures; Sales; Strategy; Managerial Roles; Steel Industry;

      Citation:

      Lorsch, Jay W., Cynthia A. Montgomery, and Lisa J. Chadderdon. "General Mills Board and Strategic Planning and Lukens Inc., The: The Melters' Committee (A) & (B) TN." Harvard Business School Teaching Note 796-082, February 1996. (Revised June 1996.)  View Details
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    108. Case | HBS Case Collection | March 1974 (Revised June 1996)

      First National City Bank Operating Group (A)

      Jay W. Lorsch

      Growth in the banking field has produced new demands on the "back office." Traditional management practices in check processing and paper handling operations have resulted in ten years of cost increases and quality loss. New manager of the operating group faces an action question--can he turn the back office into a production-oriented factory?

      Keywords: Change Management; Transition; Banks and Banking; Management Practices and Processes; Managerial Roles; Production; Banking Industry;

      Citation:

      Lorsch, Jay W. "First National City Bank Operating Group (A)." Harvard Business School Case 474-165, March 1974. (Revised June 1996.)  View Details
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    109. Case | HBS Case Collection | June 1995 (Revised June 1996)

      Hawthorne (A): The Compensation Consulting Marketplace

      Jay W. Lorsch and Geoffrey Love

      Keywords: Markets; Compensation and Benefits; Strategy;

      Citation:

      Lorsch, Jay W., and Geoffrey Love. "Hawthorne (A): The Compensation Consulting Marketplace." Harvard Business School Case 495-065, June 1995. (Revised June 1996.)  View Details
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    110. Case | HBS Case Collection | June 1995 (Revised June 1996)

      Hawthorne (B): The Hawthorne Compensation Consulting Practice

      Jay W. Lorsch and Geoffrey Love

      Keywords: Markets; Compensation and Benefits; Strategy;

      Citation:

      Lorsch, Jay W., and Geoffrey Love. "Hawthorne (B): The Hawthorne Compensation Consulting Practice." Harvard Business School Case 495-066, June 1995. (Revised June 1996.)  View Details
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    111. Case | HBS Case Collection | April 1996

      Seagate Associates Inc.

      Jeffrey L. Bradach, Jay W. Lorsch and Samanta Graff

      Citation:

      Bradach, Jeffrey L., Jay W. Lorsch, and Samanta Graff. "Seagate Associates Inc." Harvard Business School Case 496-053, April 1996.  View Details
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    112. Case | HBS Case Collection | February 1996

      Eastman Chemical Company: Building a Board from Scratch

      Jay W. Lorsch and Samanta Graff

      Eastman Chemical Co. spun off from Kodak in 1993. The CEO of Eastman, Earnest Deavenport did not want the new company's board any members of the Kodak board to include, so he initiated a deliberate and thorough process to build an entirely new board that he hoped would be on the cutting edge. This case describes the selection process and documents the backgrounds of the chosen directors. Discusses the board's first year at work, and it records the reflections "one year in" of Deavenport and some of the board members.

      Keywords: Corporate Governance; Management Teams; Selection and Staffing; Chemical Industry;

      Citation:

      Lorsch, Jay W., and Samanta Graff. "Eastman Chemical Company: Building a Board from Scratch." Harvard Business School Case 496-043, February 1996.  View Details
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    113. Case | HBS Case Collection | March 1991 (Revised January 1996)

      The General Mills Board and Strategic Planning

      Jay W. Lorsch

      Examines the General Mills Board of Directors' role in the General Mills joint venture with Nestle S.A. to sell cereals outside of North America. It raises the more general question of the appropriate role for the board of directors in strategy formulation.

      Keywords: Joint Ventures; Trade; Corporate Governance; Managerial Roles; Expansion; Food and Beverage Industry; North America;

      Citation:

      Lorsch, Jay W. "The General Mills Board and Strategic Planning." Harvard Business School Case 491-117, March 1991. (Revised January 1996.)  View Details
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    114. Case | HBS Case Collection | November 1995

      "Marketing" at Wachtell, Lipton, Rosen & Katz

      Jay W. Lorsch and Samanta Graff

      Describes the history and unique operating principles of the most successful corporate law firm in the country. Closes with a lengthy quotation by Martin Lipton, who is one of the firm's founding partners and who is described in an American Lawyer article as the "Elvis Presley of the M&A field." Lipton reflects on certain activities that the firm carries out aimed at building its reputation. Whether or not these activities constitute marketing is left an open question.

      Keywords: Marketing Strategy; Reputation; Business Strategy; Legal Services Industry;

      Citation:

      Lorsch, Jay W., and Samanta Graff. "Marketing" at Wachtell, Lipton, Rosen & Katz. Harvard Business School Case 496-037, November 1995.  View Details
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    115. Case | HBS Case Collection | April 1994 (Revised July 1995)

      Tower Air, Inc.

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Tower Air, Inc." Harvard Business School Case 494-097, April 1994. (Revised July 1995.)  View Details
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    116. Case | HBS Case Collection | March 1974 (Revised June 1995)

      First National City Bank Operating Group (B)

      Jay W. Lorsch

      Growth in demands on the bank's "back office" required a totally new approach to management. New stress on systems orientation, objectives, measurement, process design and control has resulted in lower costs, fewer people, and higher quality. Also resulted in fear, suspicion, and alienation in middle management. How to get the benefits of change without the unanticipated consequences?

      Keywords: Change Management; Transition; Banks and Banking; Management Practices and Processes; Managerial Roles; Production; Outcome or Result; Banking Industry;

      Citation:

      Lorsch, Jay W. "First National City Bank Operating Group (B)." Harvard Business School Case 474-166, March 1974. (Revised June 1995.)  View Details
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    117. Case | HBS Case Collection | February 1991 (Revised March 1995)

      Alantar, Inc.

      Jay W. Lorsch

      The CEO and chairman of Alantar, Inc. is confronted with the problem of how to create a more effective board of directors and also how to provide for his own successor.

      Keywords: Governing and Advisory Boards; Management Succession; Agriculture and Agribusiness Industry; Ecuador;

      Citation:

      Lorsch, Jay W. "Alantar, Inc." Harvard Business School Case 391-158, February 1991. (Revised March 1995.)  View Details
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    118. Case | HBS Case Collection | February 1991 (Revised March 1995)

      Board of Directors: Membership

      Jay W. Lorsch

      Keywords: Governing and Advisory Boards;

      Citation:

      Lorsch, Jay W. "Board of Directors: Membership." Harvard Business School Case 491-081, February 1991. (Revised March 1995.)  View Details
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    119. Case | HBS Case Collection | March 1994 (Revised January 1995)

      Cardinal Health, Inc.

      Jay W. Lorsch

      Robert D. Walter, chairman and CEO of Cardinal Health, Inc., responds to questions regarding Cardinal's board and its influence on the acquisition of and merger with Whitmire Distribution.

      Keywords: Mergers and Acquisitions; Governing and Advisory Boards; Power and Influence; Management Teams; Distribution Industry; Medical Devices and Supplies Industry; Health Industry;

      Citation:

      Lorsch, Jay W. "Cardinal Health, Inc." Harvard Business School Case 494-108, March 1994. (Revised January 1995.)  View Details
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    120. Supplement | HBS Case Collection | April 1994

      American Express (B)

      Jay W. Lorsch

      Supplements the (A) case.

      Citation:

      Lorsch, Jay W. "American Express (B)." Harvard Business School Supplement 494-094, April 1994.  View Details
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    121. Case | HBS Case Collection | October 1993

      United Way of America: Governance in the Nonprofit Sector (A), The United Way

      Jay W. Lorsch

      Discusses the management practices of William Aramony at the United Way of America (UWA). First, the case describes the United Way movement, focusing on both the local chapters and the national organization. Second, it sets forth the Washington Post reports that lead to the UWA scandal. Third, it shows how the board of governors, the local chapters, Aramony, and donors responded to the scandal.

      Keywords: Corporate Governance; Nonprofit Organizations; Management Practices and Processes; Managerial Roles; Management Teams; Crisis Management; Public Administration Industry; United States;

      Citation:

      Lorsch, Jay W. "United Way of America: Governance in the Nonprofit Sector (A), The United Way." Harvard Business School Case 494-032, October 1993.  View Details
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    122. Supplement | HBS Case Collection | October 1993

      United Way of America: Governance in the Nonprofit Sector (B), Kenneth W. Dam Becomes Interim President

      Jay W. Lorsch

      Analyzes the measures taken by the United Way of America (UWA) and its board of governors in response to the 1992 Washington Post reports that lead to the UWA scandal.

      Keywords: Crime and Corruption; Governance; Governing and Advisory Boards; Newspapers; Nonprofit Organizations; United States;

      Citation:

      Lorsch, Jay W. "United Way of America: Governance in the Nonprofit Sector (B), Kenneth W. Dam Becomes Interim President." Harvard Business School Supplement 494-033, October 1993.  View Details
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    123. Case | HBS Case Collection | April 1993 (Revised October 1993)

      Lukens Inc.: The Melters' Committee (A)

      Jay W. Lorsch

      Discusses the Lukens board's involvement in strategic planning.

      Keywords: Governing and Advisory Boards; Strategic Planning;

      Citation:

      Lorsch, Jay W. "Lukens Inc.: The Melters' Committee (A)." Harvard Business School Case 493-070, April 1993. (Revised October 1993.)  View Details
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    124. Supplement | HBS Case Collection | April 1993 (Revised October 1993)

      Lukens Inc.: The Melters' Committee (B)

      Jay W. Lorsch

      Supplements the (A) case.

      Citation:

      Lorsch, Jay W. "Lukens Inc.: The Melters' Committee (B)." Harvard Business School Supplement 493-071, April 1993. (Revised October 1993.)  View Details
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    125. Case | HBS Case Collection | March 1993 (Revised September 1993)

      Praxair: Creating a Board (A)

      Jay W. Lorsch

      Discusses the process a CEO/chairman goes through in creating a new board. Specifically, follows a CEO's decision-making process in selecting board members. Also includes decisions about the selection process for board members and the structure and process of board meetings.

      Keywords: Governing and Advisory Boards; Decision Making; Corporate Governance; Conferences; Business or Company Management; Selection and Staffing;

      Citation:

      Lorsch, Jay W. "Praxair: Creating a Board (A)." Harvard Business School Case 493-038, March 1993. (Revised September 1993.)  View Details
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    126. Case | HBS Case Collection | February 1991 (Revised June 1993)

      Ross Perot and General Motors

      Jay W. Lorsch

      In December, 1986 the General Motors Board of Directors must decide whether to accept the buyout agreement between GM and Ross Perot, a director of GM and its largest stockholder. The agreement called for GM to purchase all of Perot's GM shares in exchange for his resignation from the GM board and his resignation as Chairman of EDS, the company Perot founded in 1963 and sold to GM in 1984. The case chronicles a history of the Perot/GM merger, and the friction between Perot and GM management which led to the buyout agreement.

      Keywords: Leveraged Buyouts; Mergers and Acquisitions; Stock Shares; Resignation and Termination; Business or Company Management; Agreements and Arrangements;

      Citation:

      Lorsch, Jay W. "Ross Perot and General Motors." Harvard Business School Case 491-027, February 1991. (Revised June 1993.)  View Details
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    127. Supplement | HBS Case Collection | March 1993

      Praxair: Creating a Board (B)

      Jay W. Lorsch

      Discusses the final formation of Praxair's board. Lists the members chosen with their backgrounds. Also describes the selection process of board members, and the structure and process of board meetings.

      Keywords: Conferences; Governing and Advisory Boards; Selection and Staffing; Management Practices and Processes;

      Citation:

      Lorsch, Jay W. "Praxair: Creating a Board (B)." Harvard Business School Supplement 493-065, March 1993.  View Details
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    128. Case | HBS Case Collection | March 1992

      Allegheny International Board (A)

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Allegheny International Board (A)." Harvard Business School Case 492-042, March 1992.  View Details
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    129. Supplement | HBS Case Collection | March 1992

      Allegheny International Board (B)

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Allegheny International Board (B)." Harvard Business School Supplement 492-043, March 1992.  View Details
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    130. Case | HBS Case Collection | March 1991 (Revised October 1991)

      CEO Evaluation at Dayton Hudson

      Jay W. Lorsch

      Describes the Dayton Hudson CEO evaluation process, one of the most intensive in corporate America today. The board of directors' role in the evaluation is examined, as is the question of whether the Dayton Hudson CEO evaluation process should serve as a model for other corporations.

      Keywords: Performance Evaluation; Governing and Advisory Boards; Management Succession; Management Teams;

      Citation:

      Lorsch, Jay W. "CEO Evaluation at Dayton Hudson." Harvard Business School Case 491-116, March 1991. (Revised October 1991.)  View Details
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    131. Case | HBS Case Collection | April 1991 (Revised July 1991)

      RJR Nabisco Board: Guardians of the Gate? (A)

      Jay W. Lorsch

      Charles Hugel, the chairman of RJR Nabisco, receives a call from RJR Nabisco's CEO, Ross Johnson; Johnson plans to present an LBO plan to the board of directors at the board meeting the following week. The case details Hugel's actions as chairman, and describes the events leading up to the bidding deadline for the company. The special committee of RJR Nabisco's board must decide which of the three groups vying for the company submitted the best bid.

      Keywords: Leveraged Buyouts; Situation or Environment; Bids and Bidding; Decision Making; Managerial Roles; Governing and Advisory Boards; Management Teams; Consumer Products Industry; Food and Beverage Industry;

      Citation:

      Lorsch, Jay W. "RJR Nabisco Board: Guardians of the Gate? (A)." Harvard Business School Case 491-120, April 1991. (Revised July 1991.)  View Details
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    132. Supplement | HBS Case Collection | April 1991 (Revised July 1991)

      RJR Nabisco Board: Guardians of the Gate? (B)

      Jay W. Lorsch

      The special committee of the RJR Nabisco board has extended the bidding deadline for the company by 10 days. The case explains the process by which Kohlberg Kravis Roberts and the management group bid against one another for ownership of RJR Nabisco. The board of directors is left with a decision: who has submitted the best bid?

      Keywords: Leveraged Buyouts; Situation or Environment; Bids and Bidding; Decision Making; Managerial Roles; Governing and Advisory Boards; Management Teams; Consumer Products Industry; Food and Beverage Industry;

      Citation:

      Lorsch, Jay W. "RJR Nabisco Board: Guardians of the Gate? (B)." Harvard Business School Supplement 491-121, April 1991. (Revised July 1991.)  View Details
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    133. Case | HBS Case Collection | November 1990 (Revised June 1991)

      American Airlines (A): Strategy in the 1990s

      Jay W. Lorsch and Gary W. Loveman

      American Airlines is pursuing a growth strategy through international and domestic route expansion. At the same time, the airline is working hard to cut costs while trying to provide the best customer service possible. Is this strategy achievable given the recent surge in jet fuel prices and the competitive framework of the industry?

      Keywords: Expansion; Air Transportation; Cost Management; Customer Focus and Relationships; Growth and Development Strategy; Air Transportation Industry; United States;

      Citation:

      Lorsch, Jay W., and Gary W. Loveman. "American Airlines (A): Strategy in the 1990s." Harvard Business School Case 491-044, November 1990. (Revised June 1991.)  View Details
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    134. Case | HBS Case Collection | December 1990 (Revised June 1991)

      Ray Corey at Norton

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Ray Corey at Norton." Harvard Business School Case 391-105, December 1990. (Revised June 1991.)  View Details
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    135. Case | HBS Case Collection | February 1991 (Revised June 1991)

      Raymond Jackson (A)

      Jay W. Lorsch

      Professor Jackson is offered a spot on the slate of directors that Harold Simmons, Lockheed's largest shareholder, has nominated for Lockheed's board to oppose the slate nominated by Lockheed in the Spring, 1990 elections. Jackson must decide whether to join Simmons' slate. The case raises the issue of what factors one should take into account in deciding whether or not to join such a slate, and the broad question of the role of proxy fights in corporate governance.

      Keywords: Business and Shareholder Relations; Corporate Governance; Decisions; Voting; Governing and Advisory Boards; Alliances;

      Citation:

      Lorsch, Jay W. "Raymond Jackson (A)." Harvard Business School Case 491-025, February 1991. (Revised June 1991.)  View Details
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    136. Case | HBS Case Collection | April 1991

      Everwear Industries

      Jay W. Lorsch

      Keywords: Apparel and Accessories Industry;

      Citation:

      Lorsch, Jay W. "Everwear Industries." Harvard Business School Case 491-122, April 1991.  View Details
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    137. Case | HBS Case Collection | April 1991

      First Atlantic Federal Corp.

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "First Atlantic Federal Corp." Harvard Business School Case 491-123, April 1991.  View Details
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    138. Supplement | HBS Case Collection | February 1991

      Raymond Jackson (B)

      Jay W. Lorsch and James E Sailer

      Explains Jackson's reasons for his decision and describes the result of the proxy fight for control of the board.

      Keywords: Governing and Advisory Boards; Conflict and Resolution;

      Citation:

      Lorsch, Jay W., and James E Sailer. "Raymond Jackson (B)." Harvard Business School Supplement 491-026, February 1991.  View Details
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    139. Case | HBS Case Collection | November 1988

      Martin Marietta: The Bendix Takeover

      Jay W. Lorsch

      Keywords: Acquisition;

      Citation:

      Lorsch, Jay W. "Martin Marietta: The Bendix Takeover." Harvard Business School Case 489-085, November 1988.  View Details
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    140. Case | HBS Case Collection | September 1982 (Revised March 1987)

      Ex-Cell-O Corp. (A)

      Milton P. Brown and Jay W. Lorsch

      Citation:

      Brown, Milton P., and Jay W. Lorsch. "Ex-Cell-O Corp. (A)." Harvard Business School Case 483-025, September 1982. (Revised March 1987.)  View Details
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    141. Background Note | HBS Case Collection | December 1975 (Revised January 1987)

      Note on Organization Design

      Jay W. Lorsch

      Deals with the organizational designer trying to create a structure, rewards, and a system of measurement that are compatible with the external environment, strategy, tasks, the members of the organization, management style, and the existing culture.

      Keywords: Organizational Design;

      Citation:

      Lorsch, Jay W. "Note on Organization Design." Harvard Business School Background Note 476-094, December 1975. (Revised January 1987.)  View Details
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    142. Case | HBS Case Collection | May 1981 (Revised June 1986)

      C.R. Bard, Inc.

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "C.R. Bard, Inc." Harvard Business School Case 381-180, May 1981. (Revised June 1986.)  View Details
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    143. Teaching Note | HBS Case Collection | January 1986 (Revised June 1986)

      C.R. Bard, Inc., Teaching Note

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "C.R. Bard, Inc., Teaching Note." Harvard Business School Teaching Note 386-126, January 1986. (Revised June 1986.)  View Details
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    144. Supplement | HBS Case Collection | April 1985

      Xerox Corp.: Fred Henderson, VP Corporate Quality Office, Video

      John P. Kotter and Jay W. Lorsch

      Citation:

      Kotter, John P., and Jay W. Lorsch. "Xerox Corp.: Fred Henderson, VP Corporate Quality Office, Video." Harvard Business School Video Supplement 885-519, April 1985.  View Details
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    145. Case | HBS Case Collection | September 1982 (Revised July 1984)

      McCord Corp.--1977

      Milton P. Brown and Jay W. Lorsch

      Citation:

      Brown, Milton P., and Jay W. Lorsch. "McCord Corp.--1977." Harvard Business School Case 483-024, September 1982. (Revised July 1984.)  View Details
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    146. Case | HBS Case Collection | December 1970 (Revised May 1983)

      David Alpert (A)

      Jay W. Lorsch

      Interpersonal day-to-day dealings of a product manager with others in the division, including his comments on these dealings.

      Keywords: Business Divisions; Interpersonal Communication; Management Teams;

      Citation:

      Lorsch, Jay W. "David Alpert (A)." Harvard Business School Case 471-050, December 1970. (Revised May 1983.)  View Details
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    147. Case | HBS Case Collection | December 1970 (Revised April 1983)

      Product Management at United Brands

      Jay W. Lorsch

      Keywords: Product; Management; Consumer Products Industry;

      Citation:

      Lorsch, Jay W. "Product Management at United Brands." Harvard Business School Case 471-049, December 1970. (Revised April 1983.)  View Details
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    148. Background Note | HBS Case Collection | June 1974 (Revised April 1983)

      Managing Change

      Jay W. Lorsch

      Keywords: Change Management;

      Citation:

      Lorsch, Jay W. "Managing Change." Harvard Business School Background Note 474-187, June 1974. (Revised April 1983.)  View Details
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    149. Supplement | HBS Case Collection | January 1975 (Revised April 1983)

      First National City Bank Operating Group (A1)

      Jay W. Lorsch

      Supplements the (A) case.

      Keywords: Banking Industry;

      Citation:

      Lorsch, Jay W. "First National City Bank Operating Group (A1)." Harvard Business School Supplement 475-061, January 1975. (Revised April 1983.)  View Details
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    150. Supplement | HBS Case Collection | January 1975 (Revised February 1983)

      First National City Bank Operating Group (B1)

      Jay W. Lorsch

      Supplements the (B) case.

      Keywords: Banking Industry;

      Citation:

      Lorsch, Jay W. "First National City Bank Operating Group (B1)." Harvard Business School Supplement 475-062, January 1975. (Revised February 1983.)  View Details
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    151. Case | HBS Case Collection | January 1975 (Revised September 1982)

      First Federal Savings (A)

      Jay W. Lorsch

      Raises questions about basing a reward system on profit and changing MBO indicators through time.

      Keywords: Motivation and Incentives; Compensation and Benefits; Banking Industry;

      Citation:

      Lorsch, Jay W. "First Federal Savings (A)." Harvard Business School Case 475-072, January 1975. (Revised September 1982.)  View Details
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    152. Case | HBS Case Collection | October 1967 (Revised August 1982)

      Texana Petroleum Corp.

      Jay W. Lorsch

      Keywords: Energy Industry;

      Citation:

      Lorsch, Jay W. "Texana Petroleum Corp." Harvard Business School Case 413-056, October 1967. (Revised August 1982.)  View Details
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    153. Supplement | HBS Case Collection | March 1982

      British Steel: Interview with Sir Monty Finniston, Video

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "British Steel: Interview with Sir Monty Finniston, Video." Harvard Business School Video Supplement 882-520, March 1982.  View Details
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    154. Case | HBS Case Collection | December 1980 (Revised February 1981)

      Allied Stores Corp. (B)

      Milton P. Brown and Jay W. Lorsch

      Keywords: Retail Industry;

      Citation:

      Brown, Milton P., and Jay W. Lorsch. "Allied Stores Corp. (B)." Harvard Business School Case 381-087, December 1980. (Revised February 1981.)  View Details
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    155. Case | HBS Case Collection | December 1980 (Revised February 1981)

      Progressive Corp. (A)

      Jay W. Lorsch and Robert G. Eccles Jr.

      Citation:

      Lorsch, Jay W., and Robert G. Eccles Jr. "Progressive Corp. (A)." Harvard Business School Case 381-088, December 1980. (Revised February 1981.)  View Details
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    156. Case | HBS Case Collection | December 1970 (Revised October 1980)

      David Alpert (B)

      Jay W. Lorsch

      Personal history of David Alpert, with emphasis on psychoanalytic developmental issues.

      Keywords: Social Psychology; Personal Development and Career;

      Citation:

      Lorsch, Jay W. "David Alpert (B)." Harvard Business School Case 471-051, December 1970. (Revised October 1980.)  View Details
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    157. Supplement | HBS Case Collection | October 1980

      Biography of an Executive (B): Spouse's Perspective

      Jay W. Lorsch

      Keywords: Managerial Roles;

      Citation:

      Lorsch, Jay W. "Biography of an Executive (B): Spouse's Perspective." Harvard Business School Supplement 481-057, October 1980.  View Details
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    158. Case | HBS Case Collection | June 1979 (Revised September 1980)

      Biography of an Executive (A)

      Jay W. Lorsch

      Keywords: Biography;

      Citation:

      Lorsch, Jay W. "Biography of an Executive (A)." Harvard Business School Case 479-040, June 1979. (Revised September 1980.)  View Details
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    159. Case | HBS Case Collection | January 1968 (Revised August 1980)

      Inland Steel Corp.

      Jay W. Lorsch and John J. Gabarro

      Keywords: Steel Industry;

      Citation:

      Lorsch, Jay W., and John J. Gabarro. "Inland Steel Corp." Harvard Business School Case 413-058, January 1968. (Revised August 1980.)  View Details
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    160. Case | HBS Case Collection | September 1969 (Revised April 1978)

      Tony Roderick (A)

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Tony Roderick (A)." Harvard Business School Case 470-055, September 1969. (Revised April 1978.)  View Details
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    161. Case | HBS Case Collection | March 1977 (Revised June 1977)

      Interview with Marlene Hoffman (A)

      Michael Beer and Jay W. Lorsch

      Citation:

      Beer, Michael, and Jay W. Lorsch. "Interview with Marlene Hoffman (A)." Harvard Business School Case 477-087, March 1977. (Revised June 1977.)  View Details
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    162. Supplement | HBS Case Collection | April 1977

      Interview with Marlene Hoffman (B)

      Michael Beer and Jay W. Lorsch

      Citation:

      Beer, Michael, and Jay W. Lorsch. "Interview with Marlene Hoffman (B)." Harvard Business School Supplement 477-088, April 1977.  View Details
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    163. Background Note | HBS Case Collection | January 1976

      Managing Change, Part II: Designing Effective Change Strategies

      Jay W. Lorsch

      Keywords: Change Management;

      Citation:

      Lorsch, Jay W. "Managing Change, Part II: Designing Effective Change Strategies." Harvard Business School Background Note 476-103, January 1976.  View Details
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    164. Background Note | HBS Case Collection | January 1976

      Managing Change, Part I: The Problem of Resistance

      John P. Kotter and Jay W. Lorsch

      Keywords: Change Management;

      Citation:

      Kotter, John P., and Jay W. Lorsch. "Managing Change, Part I: The Problem of Resistance." Harvard Business School Background Note 476-102, January 1976.  View Details
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    165. Case | HBS Case Collection | December 1970

      Bedrock

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Bedrock." Harvard Business School Case 471-048, December 1970.  View Details
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    166. Case | HBS Case Collection | October 1969

      Baines Electronics Corp. (A)

      Jay W. Lorsch

      Keywords: Electronics Industry;

      Citation:

      Lorsch, Jay W. "Baines Electronics Corp. (A)." Harvard Business School Case 470-065, October 1969.  View Details
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    167. Supplement | HBS Case Collection | October 1969

      Baines Electronics Corp. (B)

      Jay W. Lorsch

      Keywords: Electronics Industry;

      Citation:

      Lorsch, Jay W. "Baines Electronics Corp. (B)." Harvard Business School Supplement 470-090, October 1969.  View Details
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    168. Case | HBS Case Collection | October 1969

      Mayflower Paper Mills

      Jay W. Lorsch

      Keywords: Pulp and Paper Industry;

      Citation:

      Lorsch, Jay W. "Mayflower Paper Mills." Harvard Business School Case 470-046, October 1969.  View Details
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    169. Supplement | HBS Case Collection | October 1969

      Tony Roderick (B)

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Tony Roderick (B)." Harvard Business School Supplement 470-089, October 1969.  View Details
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    170. Case | HBS Case Collection | May 1969

      Seneca Steel Corp.

      Jay W. Lorsch

      Keywords: Steel Industry;

      Citation:

      Lorsch, Jay W. "Seneca Steel Corp." Harvard Business School Case 413-071, May 1969.  View Details
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    171. Case | HBS Case Collection | March 1967

      TRW Systems Group (D)

      Jay W. Lorsch and John J. Gabarro

      Citation:

      Lorsch, Jay W., and John J. Gabarro. "TRW Systems Group (D)." Harvard Business School Case 413-066, March 1967.  View Details
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    172. Case | HBS Case Collection | February 1963

      Markham Instrument Co. (A)

      Jay W. Lorsch

      Keywords: Machinery and Machining; Industrial Products Industry;

      Citation:

      Lorsch, Jay W. "Markham Instrument Co. (A)." Harvard Business School Case 409-083, February 1963.  View Details
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    173. Case | HBS Case Collection | February 1963

      Markham Instrument Co. (B)

      Jay W. Lorsch

      Citation:

      Lorsch, Jay W. "Markham Instrument Co. (B)." Harvard Business School Case 409-084, February 1963.  View Details
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    Other Publications and Materials

    1. Other Article | Harvard Business School Working Knowledge

      Perspectives from the Boardroom—2009

      Jay W. Lorsch, Joseph L. Bower, Clayton S. Rose and Suraj Srinivasan

      Keywords: Governing and Advisory Boards;

      Citation:

      Lorsch, Jay W., Joseph L. Bower, Clayton S. Rose, and Suraj Srinivasan. "Perspectives from the Boardroom—2009." Harvard Business School Working Knowledge (September 9, 2009).  View Details
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    2. Article | Reporter

      Viewing U.S. Economic Prospects Through a Demographic Lens

      Jay W. Lorsch and David E. Bloom

      Citation:

      Lorsch, Jay W., and David E. Bloom. "Viewing U.S. Economic Prospects Through a Demographic Lens." Reporter 44, no. 4 (December 2012): 12–17.  View Details
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    3. Article | HBS Alumni Bulletin

      Shareholder's Value?: Reassessing Investors' Functions

      Jay W. Lorsch and Justin Fox

      This article examines the three functions shareholders are supposed to provide: money, information, and discipline.

      Keywords: shareholders; investors; Business and Shareholder Relations;

      Citation:

      Lorsch, Jay W., and Justin Fox. "Shareholder's Value? Reassessing Investors' Functions." HBS Alumni Bulletin 88, no. 4 (December 2012): 22.  View Details
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    4. Other Unpublished Work | 2003

      Limits to Board Effectiveness

      Krishna G. Palepu and Jay W. Lorsch

      Keywords: Governing and Advisory Boards;

      Citation:

      Palepu, Krishna G., and Jay W. Lorsch. "Limits to Board Effectiveness." May 2003.  View Details
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    5. Other Unpublished Work | 2002

      Making Sure Independent Doesn't Mean Ignorant

      Jay W. Lorsch and Colin Carter

      Keywords: Knowledge Use and Leverage;

      Citation:

      Lorsch, Jay W., and Colin Carter. "Making Sure Independent Doesn't Mean Ignorant." October 2002.  View Details
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      Research Summary

    1. Research Summary

      Shareholders and Corporate Governance

      by Jay W. Lorsch

      The data gathering has been completed and an article is being written about the role shareholders can and cannot play in corporate governance. This article should be completed by the spring of 2012.
    2. Research Summary

      Say on Pay

      by Jay W. Lorsch

      This project is examining, on a continuing basis, the evolving practice of allowing shareholders to have a vote on top executive compensation. The expected product will be an article explaining the limitations of this effort to give shareholders voice.
    3. Research Summary

      Directors Survey

      by Jay W. Lorsch

      This project, which is just beginning, will be a questionnaire survey of directors of public companies in the U.S. The goal of the survey will be to understand the views of directors about their jobs and the changing legal, regulatory, and institutional climate in which they must work. The product will be a book describing the current views of these important actors.

        Awards & Honors

      1. Jay W. Lorsch was elected to Directorship magazine's Corporate Governance Hall of Fame in 2009. Hall of Fame members are a select number of exemplary individuals who have so uniquely contributed to the shape of modern corporate governance that they deserve special recognition.

      Additional Information (Links)

      • Information on the Executive Education Program "Leading Professional Service Firms"
      • You can find information on the Executive Education Corporate Governance Series at this link under "Leadership and Change"
      • Lessons from the Credit Crisis: Governing Financial Institutions

      Areas of Interest

      • boards of directors
      • compensation
      • corporate governance
      • leadership
      • organizational behavior
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