Pearson Ford recently took over as CEO of HLB, a Chicago-based design and development company (and once one of the largest in the business) to help turn it around after a series of crises that seriously threaten its survival. Pearson personally invested in the company, restructured many aspects of its operations and hired young executive and turn to experts, Andrew Macey, as COO, to help him in his work. Pearson and Macy have a few options: If HLB to raise $ 1 million in debt financing and focus on the turn or it must be approached by private investors and raise an additional $ 4 million, and a more aggressive strategy plus productivity growth? While they consider these options in September 2008, the credit markets are going to close the clamp, as the global financial crisis is in sight. "Hide
by Lynda M. Applegate, Bhaskar Chakravorti, Laura Winig Source: Harvard Business School 27 pages. Publication Date: November 18, 2009. Prod. #: 810023-PDF-ENG
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