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Manville Corp., World Leader in the Asbestos Industry (B)

Manville Corp. went into Chapter 11 bankruptcy. Its directors thought that this would allow them to postpone the payment of compensation and would give them breathing space to put the company back on its feet. The case outlines some of the basic decisions in the company's reflotation process, as well as a number of controversial actions, such as giving the outgoing president a golden handshake of more than a million dollars. It also includes declarations from the new president relating to his predecessors' behavior, which can lead to a discussion about whether people's behavior depends exclusively on the values of the society in which they live, or whether there is such a thing as universal personal responsibility.

Collection: IESE (España)
Ref: BE-160-E
Format: PDF
Number of pages: 2
Publication Date: Jan 12, 2006
Language: English, Spanish

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Description

Manville Corp. went into Chapter 11 bankruptcy. Its directors thought that this would allow them to postpone the payment of compensation and would give them breathing space to put the company back on its feet. The case outlines some of the basic decisions in the company's reflotation process, as well as a number of controversial actions, such as giving the outgoing president a golden handshake of more than a million dollars. It also includes declarations from the new president relating to his predecessors' behavior, which can lead to a discussion about whether people's behavior depends exclusively on the values of the society in which they live, or whether there is such a thing as universal personal responsibility.
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Geographic Setting: Estados Unidos

Manville Corp., World Leader in the Asbestos Industry (B)

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"Manville Corp., World Leader in the Asbestos Industry (B)"