To exploit their effectiveness, color cases need to be printed in color. In the month of April 2012, Jenne Britell, the Chairman of board of directors of the United Rentals, Inc. (NYSE:URI) was delivering her notes for an impending stockholdings conference. It was a conference unlike most other meetings she had chaired. Stockholders were about to vote on a transaction that was perhaps the ultimate fulfillment of the creators' original vision. She was reminded of the founding only 15 years earlier and its meteoric growth of the company. With a extensive sense of satisfaction and accomplishment, she reflected on her tenure as board chair commencing five years ago.
Designated as the board member in year 2006 and then commonly selected by her peers as the Chairman in June 2008, Britell led the board via consequence of a tumultuous period that comprised senior management and board alterations, a SEC examination, financial restatements, the jilting of the corporation by Cerberus Capital Management in a business deal to attain URI, and the sincere slump to smack the global economy from the time of the Great Depression. At the meeting, stockholders would be requested to consider approval of a merger agreement between URI, the biggest equipment rental business on the planet, with URI's biggest competition, the second prime equipment rental business on the planet and RSC. The meeting would mark the victory of a new government model and business strategy whose execution and development Britell and CEO Michael Kneeland had directed. As Britell reflected on hard won gains, she considered looking ahead to hurdles and opportunities that were to be faced as the business managed the integration of the operations of RSC with URI as well as the integration of three new board members from the acquired business. She also reflected on government and strategy could continue to evolve as the company planned for the following five years.
United Rentals (B) Case Study Solution
PUBLICATION DATE: July 15, 2013 PRODUCT #: 414031-HCC-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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