November 16, 1987, Del Webb board appointed Phil Dion, President and CEO. This case describes the development and implementation of a strategy to focus solely on real estate development and the elimination of all other assets. Discuss the appointment of two new board members to fill vacant slots directors who followed Swanson at the door. Proceeds to describe the activities of the two investors: Ronald Brierly industrial capital of the Pacific Ocean and James Cotter of Webcott Holdings. Independently of each other, these investors were all bought more than 9% of Del Webb at a premium to the stock price fell in the fall of 1987. These investors are hiding for a year, waiting to see if lowering the price of the shares was a temporary phenomenon or maintenance trends. When they came to the conclusion that this is the last, each investor Dion came with a request that he be allowed to place a representative on the board of Del Webb. "Hide
by Jay W. Lorsch, Samantha K. Graff Source: Harvard Business School 8 pages. Publication Date: November 19, 1996. Prod. #: 497017-PDF-ENG
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