Browse Results

Showing 1 through 25 of 10,558 results

Central European Distribution Corporation: Hostile Takeover, Bankruptcy Makeover

by Stuart C. Gilson Sarah L. Abbott

In early 2013, CEDC, a large publicly-traded producer and distributer of vodka and spirits in Eastern and Central Europe, has suffered significant declines in its financial performance, is at risk of defaulting on its debt, and is under pressure from its largest shareholders to give them control of the board and to restructure its debt to avoid bankruptcy. The largest shareholder, billionaire Russian investor Roustam Tariko, has proposed an out of court exchange offer for CEDC's publicly traded bonds and investment in CEDC's stock that would give him full ownership of the company. If the exchange offer fails, the company will file for prepackaged Chapter 11 bankruptcy in the United States.

Canadian Pacific's Bid for Norfolk Southern

by Benjamin C. Esty E. Scott Mayfield

In December 2015, Canadian Pacific Railroad (CPR) has just made its third bid to acquire Norfolk Southern Corporation (NSC), one of the largest railroads in the United States. Having rejected the prior offers, NSC's CEO James Squires and the NSC board must now value the current offer including the projected merger synergies as well as a recently-added contingent value right (CVR) designed to "sweeten" the offer, and decide how to respond.

Emaar: The Center of Tomorrow, Today

by Esel Cekin Sid Yog Marc Homsy

Starting in 1997, Mohammad Alabbar, Chairman of Emaar, has been largely associated with Dubai's most renowned real estate projects: the world's tallest building, largest mall and biggest fountain show. Emaar's pioneering success attracted a large number of private sector entrepreneurs as well as the Government of Dubai to follow in its footsteps. Consequently, land at prime locations in Dubai was not as readily available as it used to be. Emaar tried to venture outside of Dubai, but later faced challenges in choosing the right partners and maintaining control over management. Being 'stuck' between an overcrowded competitive landscape in Dubai and challenging conditions abroad, Alabbar wondered how he could maintain his company's growth while staying prepared for any upcoming financial downturn.

FANUC Corporation: Reassessing the Firm's Governance and Financial Policies

by Nobuo Sato Benjamin C. Esty Akiko Kanno

In February 2015, Daniel Loeb (a US-based activist investor) announced his firm had a large investment in FANUC Corporation, a leading producer of industrial robots and software for machine tools. Loeb was demanding that the Japanese firm change its financial and governance policies (e.g., distribute more cash, fix its "illogical" capital structure, and provide more information to shareholders). FANUC's CEO, Yoshiharu Inaba, and his board must decide if and how to respond. One the one hand, the firm had been very successful having built leading global market shares in each of its core divisions and profitability that exceeded what Goldman Sachs earned on a per person basis. On the other hand, the Japanese government was calling for financial and governance reform as part of the prime minister's recently-announced economic growth strategy known as "Abenomics". Although Inaba and his team had previously considered many of the proposed changes, the question was whether it was now time to actually make some of the changes.

Supply Chain Finance at Procter & Gamble

by David Lane Benjamin C. Esty E. Scott Mayfield

In April 2013, Procter & Gamble (P&G), the world's largest consumer packaged goods (CPG) company, announced that it would extend its payment terms to suppliers by 30 days. At the same time, P&G announced a new supply chain financing (SCF) program giving suppliers the ability to receive discounted payments for their P&G receivables. Fibria Celulose, a Brazilian supplier of kraft pulp, joined the program in 2013, but was re-evaluating the costs and benefits of participating in the SCF program in the summer of 2015. The firm's treasury group and its US country manager must decide whether to keep using the program and, if so, whether to keep their existing SCF banking relationship or start a new relationship with another global SCF bank.

Pershing Square 2.0

by Robin Greenwood Samuel G. Hanson David Biery

In June 2015 William A. Ackman, the CEO and Founder of New York Hedge Fund Pershing Square Capital, reflects on the success of the fund he has spent over a decade building. Since its inception in 2004, Pershing Square's assets under management had grown from $500 million to well over $18 billion. Ackman is now considering a sizable new portfolio position and must decide how he should raise capital to undertake this new investment. This choice is affected by the recent launch of his new, $6 billion closed-end vehicle, Pershing Square Holdings, as well as the firm's lengthening investment horizon. Although always activist in nature, Ackman and his fund had in recent years become substantively involved in the management of portfolio companies, often working to drive shareholder value by improving operating performance.

Dogs of the Dow

by James Weber Samuel G. Hanson Malcolm P. Baker

This case describes the Dogs of the Dow investment strategy, value investing, and using dividend yields as a means to determine intrinsic value. It also describes exchange traded notes and a particular exchange traded note, known as the Dogs of the Dow, which tracks the performance of the 10 highest yielding stocks of the 30 stocks that make up the Dow Jones Industrial Average (DJIA). The case provides share price data, dividend data, and financial statement data on the 30 DJIA companies to enable students to perform their own calculations.

The Road to Kolkata: NH-34 and PPP in India

by Ben Eppler Sid Yog

In 2014, Arjun Dhawan (MBA 2004), president of HCC Concessions, is working toward the completion of his largest road development project yet. The route, a 250-km stretch leading from the critical eastern Indian port of Kolkata into the interior of the province of West Bengal, is a prime example of both the benefits and the drawbacks of public-private partnerships in the Indian transportation sector. Despite delays and political pressure, HCC Concessions has nearly finished building the road and now is receiving offers to purchase the project's equity.

Statistical Inference

by Vijay K. Rohatgi

Unified treatment of probability and statistics examines and analyzes the relationship between the two fields, exploring inferential issues. Numerous problems, examples, and diagrams--some with solutions--plus clear-cut, highlighted summaries of results. Advanced undergraduate to graduate level. Contents: 1. Introduction. 2. Probability Model. 3. Probability Distributions. 4. Introduction to Statistical Inference. 5. More on Mathematical Expectation. 6. Some Discrete Models. 7. Some Continuous Models. 8. Functions of Random Variables and Random Vectors. 9. Large-Sample Theory. 10. General Methods of Point and Interval Estimation. 11. Testing Hypotheses. 12. Analysis of Categorical Data. 13. Analysis of Variance: k-Sample Problems. Appendix-Tables. Answers to Odd-Numbered Problems. Index. Unabridged republication of the edition published by John Wiley & Sons, New York, 1984. 144 Figures. 35 Tables. Errata list prepared by the author

American Locomotives in Historic Photographs: 1858 to 1949

by Ron Ziel

This rare collection of 126 "builder portraits" of American locomotives offers an exciting cavalcade of images that chronicle the momentous rise of steam locomotive power in America. Builder portraits are especially prized by railway historians because they are the exacting official photographs of new models taken before repairs, alterations, and weathering altered their original appearance. The builder portraits reprinted here were selected from the William A. Rogers collection, a priceless archive of images documenting the history of American steam locomotion from the pre-Civil War era to the mid-20th century. While the accent in this book is on the oldest and rarest photographs in the Rogers collection, many modern portraits are included as well to demonstrate how highly developed the American steam locomotive had become before the advent of dieselization. Among the engines depicted are the España, a diminutive model built for the Spanish government in 1858; engine no. 216 of the Pennsylvania Railroad, a "fearsome apparition of Gothic character" built in 1861; the Chimbote Emilia, an inspection engine built for railroad company officials in 1868 that is considered a masterpiece of the engine builder's art; and a Union Pacific 1940s' "Big Boy," the largest and heaviest type of steam locomotive ever built.Clearly, builder portraits are the most revealing record possible of the evolution of the American steam locomotive. This rich selection offers railroading historians and enthusiasts a peerless record of a great age in railway history. Railroading expert Ron Zeil's introduction and captions provide readers with a brief railroading background, a commentary on the art of the builder portrait and key details on each locomotive depicted.

Optical Resonance and Two-Level Atoms

by L. Allen J. H. Eberly

"Coherent and lucid...a valuable summary of a subject to which [the authors] have made significant contributions by their own research." -- Contemporary PhysicsOffering an admirably clear account of the basic principles behind all quantum optical resonance phenomena, and hailed as a valuable contribution to the literature of nonlinear optics, this distinguished work provides graduate students and research physicists probing fields such as laser physics, quantum optics, nonlinear optics, quantum electronics, and resonance optics an ideal introduction to the study of the interaction of electromagnetic radiation with matter.The book first examines the applicability of the two-level model for atoms to real atoms, then explores semiclassical radiation theory, and derives the optical Bloch equations. It then examines Rabi inversion, optical nutation, free-induction decay, coherent optical transient effects, light amplification, superradiance, and photon echoes in solids and gases.Before the publication of this book, much of the material discussed was widely scattered in other books and research journals. This comprehensive treatment brings it together in one convenient resource. The style of writing is clear and informal and the emphasis throughout is always on the physics of the processes taking place. There are numerous helpful illustrations, excellent introductions to each chapter, and lists of references for further reading."The authors have endeavored to create a primer for the field of optical resonance...they have succeeded admirably. Their coverage of the subject is remarkably complete." -- IEEE Journal of Quantum Electronics

The Mafia's President: Nixon and the Mob

by Don Fulsom

The first-ever full account of Nixon's extensive ties to the American Mafia, from a veteran White House reporter.Unbeknownst to most people even now, the election of 1968 placed the patron saint of the Mafia in the White House. In other words, Richard Nixon would go on to not only lead a criminal presidency; he would be totally indebted to our nation’s top mobsters.By 1969, thanks in large part to his long-time campaign manager and political advisor Murray Chotiner, a lawyer who specialized in representing mobsters, Nixon had participated in secret criminal dealings for more than 20 years with sketchy figures such as Mickey Cohen, Mob financial guru Meyer Lansky, Teamsters union chief Jimmy Hoffa, and New Orleans Mafia boss Carlos Marcello. And with Chotiner as one of his key behind-the-scenes advisors in the White House, Nixon's ties to the Mafia didn't end there. The Mafia’s President reveals a mind-blowing litany of favors Nixon exchanged with these sinister characters over decades, ranging from springing Jimmy Hoffa from prison to banning the federal government from using the terms “Mafia” and “La Cosa Nostra.”Drawing on newly released government tapes, documents, and other fresh information, The Mafia’s President by Don Fulsom offers a carefully reported, deeply researched account of Richard Nixon’s secret connections to America’s top crime lords.

Project Titan at Northrop Grumman

by C. Fritz Foley Kevin Sharer

In March of 2011, Northrop Grumman divested shipbuilding assets through the spin-off of Huntington Ingalls Industries. This case reviews many of the key questions faced by Northrop's CEO, CFO, and top management team during this process, including questions concerning whether to sell or spin-off the assets; how to handle customers, employees, and investors during the restructuring; and how to reorganize a diversified business to increase the performance of its parts.

Note on the Leveraged Loan Market

by Victoria Ivashina

This note provides an introduction to the process of loan syndication and the evolution of the leveraged loan market. The note emphasizes the role of banks as loan originators and the evolution of the institutional investors' entry into the leveraged loan market. In particular, the note discusses the role and incentives of collateralized loan obligations (CLOs).

Private Equity Valuation in Emerging Markets

by Paul A. Gompers Victoria Ivashina Timothy Dore

This note provides an opportunity to understand how private equity investors need to adapt to emerging markets.

Schneider Electric: Becoming the Global Specialist in Energy Management

by Rachna Tahilyani John D. Macomber

Global electrical products company assesses growth and market demands in India. Company must decide between a products acquisition or developing a service business. Students need to be aware of different country conditions, demands on implementation of different strategies, impact on culture. Also discusses energy performance contracting in the context of making India energy generation capability more efficient.

Lind Equipment

by Richard S. Ruback Royce Yudkoff

Lind Equipment failed to meet its loan covenants with its senior bank lender in the summer of 2008, just six months after it was acquired. While the senior bank debt comprised only 6% of the capital used in the acquisition and was fully secured, it exercised its right to stop payments to Lind's subordinated lender that funded about 40% of the acquisition, pushing that debt into default as well. These financial problems were the result of declining revenues and profits at Lind as exchange rates and the impact of the Great Recession took its toll on the firm. Without a quick solution, Lind could be pushed into bankruptcy.

Adaptive Engineering, LLC

by Richard S. Ruback Royce Yudkoff

The owner and CEO of Adaptive Engineering was facing an important decision: should he focus on rebuilding its core professional services business which had generated significant revenue and cash flow over the past several years, or should he focus on developing and marketing licensed software which had been under development for several years but had yet to become profitable.

Tombstones

by David Lane Timothy A. Luehrman

This case consists primarily of excerpts from term sheets and prospectuses for six securities offerings made by US companies during 2009-2010, just after the financial crisis and recession of 2008-09. There are three issues of senior unsecured notes, one floating rate note, one equity offering, and one convertible note. The issuers are Microsoft, Coca Cola Enterprises, Norfolk Southern, IBM, Ford Motor, and Cephalon.

Tremblant Capital Group

by Robin Greenwood

Brett Barakett, CEO and founder of Tremblant Capital Group, a New York-based hedge fund, must decide what to do with his fund's position in Green Mountain Coffee Roasters, which has dropped in value by more than 40 percent in recent months. Tremblant is a hedge fund that specializes in forecasting consumer behavioral change, and capitalizes on the disconnect between stock prices and consumer behavior. In the case of Green Mountain Coffee, many other sophisticated investors have taken short positions in the stock, leading Barakett to question whether his fund had the right trade thesis.

Kerr-McGee

by Andre F. Perold Robin Greenwood

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

Hydraulics of Groundwater

by Jacob Bear

This text explores the laws and equations that govern the flow and storage of groundwater in aquifers. It provides groundwater hydrologists, as well as engineers and planners who deal with the development and management of groundwater resources, with all the necessary tools to forecast the behavior of a regional aquifer system.Following an introduction to the role and management of groundwater in water resource systems, the text examines groundwater balance and motion, mathematical statements of the groundwater forecasting problem, flow in the unsaturated zone, and groundwater quality problems. Additional topics include hydraulics of pumping and recharging wells, fresh and salt water interface in coastal aquifers, modeling of aquifer systems, identification of aquifer parameters, and the use of linear programming in aquifer management. Helpful appendixes and a set of problems corresponding to selected chapters conclude the text.

Tatting: Technique and History

by Elgiva Nicholls

Tatting is the age-old art of making delicate handmade lace by looping and knotting a single cotton thread held on a small shuttle. Sometimes called "the poor man's lace," it requires very little outlay for materials or tools, yet produces beautiful and decorative effects. Anyone with patience and a little dexterity, can make elegant edgings and insertions for lingerie; collars or edgings for collars; yokes for blouses and nightdresses; short-sleeved cardigans; trimmings for bedclothes, handkerchiefs, and fine linens; and many other attractive items.In this comprehensive and informative guide, a noted tatting expert defines and explains the craft (including a helpful glossary of tatting terms), explains its history and development, and provides clear, profusely illustrated instructions in the art of tatting.To meet the needs of both beginning and experienced tatters, the author has divided the book into two parts. Part One, for the novice, offers excellent coverage of materials and tools, making the stitch, the continuous thread, patterns, special arrangements of stitches, working with multiple threads, and finishing the work.Throughout, you'll find clear step-by-step instructions supplemented by nearly 60 drawings and photographs. In addition, patterns are progressive in difficulty; mastery of the simple versions will enable you to undertake more elaborate projects. Whatever project you select, this superb handbook offers the knowledge, guidance, and inspiration you need to discover the creative satisfaction and lasting rewards of tatting.

Refine Search

Showing 1 through 25 of 10,558 results

Help

Select your format based upon: 1) how you want to read your book, and 2) compatibility with your reading tool. To learn more about using Bookshare with your device, visit the Help Center.

Here is an overview of the specialized formats that Bookshare offers its members with links that go to the Help Center for more information.

  • Bookshare Web Reader - A customized reading tool for Bookshare members offering all the features of DAISY with a single click of the "Read Now" link.
  • DAISY (Digital Accessible Information System) - A digital book file format. DAISY books from Bookshare are DAISY 3.0 text files that work with just about every type of access technology that reads text. Books that contain images will have the download option of ‘DAISY Text with Images’.
  • BRF (Braille Refreshable Format) - Digital Braille for use with refreshable Braille devices and Braille embossers.
  • MP3 (MPEG audio layer 3) - Provides audio only with no text. These books are created with a text-to-speech engine and spoken by Kendra, a high quality synthetic voice from Ivona. Any device that supports MP3 playback is compatible.
  • DAISY Audio - Similar to the DAISY option above; however, this option uses MP3 files created with our text-to-speech engine that utilizes Ivonas Kendra voice. This format will work with Daisy Audio compatible players such as Victor Reader Stream and Read2Go.
  • EPUB - A standard e-book format that can be read on many tools, such as iBooks, Readium or others.
  • Word - Accessible Word output, which can be unzipped and opened in any tool that allows .docx files