Sunbeam Corporation and Chainsaw Al

OTTAWA UNIVERSITY FINANCE ADMINISTRATION POST-CLASS ASSIGNMENT MODULE 5 FAHRIAN C.H. CHOE STUDENT ID: 128370 MELAKA # 03 DUE: JULY 5, 2004 net CASE IN FINANCIAL DECISION MAKING SUNBEAM corp AND CHAINSAW AL Prepared For Richard Brewington Instructor Ottawa University International Prepared by Fahrian C.H. Choe Student Ottawa University International June 30th, 2004 CONTENTS Page administrator Summary……………………………………………………….i Introduction………………………. ……………………………………...1 Dunlaps Action Plan……………………………………………………..2 write up Practices Raise Questions…………………………………....4 Lawsuit …………………………………………………………………...5 Discussion………………………………………………………………...6 Conclusion ……………………………………………………………….

9 Reference ………………………………………………………………..10 decision maker Summary This report is based on Sunbeam Corporation and Albert Dunlap, the chief operating officer from 1996 till 1998. In July of 1996, Michael Price and Michael Steinhardt hired Dunlap as the chief executive officer and chairman of the board for Sunbeam Corporation. As two of the certain investors who bought Sunbeam from bankrupt Allegheny International, Price and Steinhardt together own 42 percent of its stock. Prior to hiring Dunlap they had tried, unsuccessfully, to sell Sunbeam. They believed that he was the one soulfulness who could turn the company around and improver stock prices and profits. The increase in stock prices did occur, almost instantly. The relapsing took just 15 months. On July 19, 1996, the day Dunlap was named chairman and CEO of Sunbeam, the stock jumped 49 percent. The jump increased the share price from 12 ½ to 18 5/8, adding $500 million to Sunbeams market place value. The stock continued to increase and reached a record mellowed of $52 per share in March 1998. Corporate turnaround specialist Al... If you want to get a full essay, battle array it on our website: Orderessay

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