Business Case Studies, Finance, Accounting and Control Case Study, Road to Recovery ,CSFB

print page
Tell A Friend
Bookmark
 

Case Categories

Finance, Accounting and Control Case Study

Case Title:

CSFB: Road to Recovery

Publication Year : 2003

Authors: Guru Dutta P & G Srikanth

Industry: Education

Region:USA

Case Code: FAC0001

Teaching Note: Not Available

Structured Assignment: Not Available

Buy This Case Study
OR



Abstract:
Credit Suisse First Boston (CSFB) is a leading global investment bank range of services to its customers across the globe. Under Allen Wheat as its CEO, CSFB underwent criminal investigations for certain Initial Public Offering allocations it made between April 1999 and June 2000. The bank was also under scrutiny by stock market regulators in several countries like Sweden, Japan and India. In 1999, when Russia defaulted on its debt, CSFB's business was severely affected due to its Russian market exposure. The company was overburdened with huge pay packages and guaranteed fixed cash compensations that it had promised to its executives. Amidst such troubles, in July 2001, John Mack joined as the CEO. He was given the arduous task of putting the company back on track. With Mack's continuous efforts, CSFB started showing signs of revival. The group strengthened its performance over the first half of 2003 and expected to achieve continued profitability. Under Mack's leadership, the company continues to build its position as a top-tier investment bank placing high priority on cost control and quality of service.

Pedagogical Objectives:

  • To discuss the circumstances that led CSFB into troubles
  • To discuss the strategies adopted by John Mack to put the company back on track.

Keywords : Credit Suisse First Boston, Finance Case Study, Credit Suisse Group, John Mack, Allen Wheat, Frank Quattrone, IPO allocation, Investment banking, Russian default, National Association of Securities Dealers, Securities Exchange Commission, Donaldson Lufkin and Jenrette, Turnaround, Cost cutting, Technology bankers, Hot IPO shares

Recently Bought Case Studies

    Recently Bought Case Studies
advertisement

    Executive Interviews

  • David ConklinDavid Conklin

    David Conklin, is a professor at the Richard Ivey School of Business
    Speaks on Government and Business
  • Lord Meghnad DesaiLord Meghnad Desai

    Lord Meghnad Desai, is an Indian-born British economist and Labor politician
    Speaks on Government and Business
  • Vijay GovindarajanVijay Govindarajan

    Vijay Govindarajan, is widely regarded as one of the world’s leading experts on strategy and innovation
    Speaks on Reverse Innovation
  • View All Executive Interviews»



Contact us: IBS Case Development Centre (IBSCDC), IFHE Campus, Donthanapally, Sankarapally Road, Hyderabad-501 504, Andhra Pradesh, INDIA.
Mob: +91- 9640901313, Phone: +91 - 08417 - 236672, Fax : + 91 - 08417 - 236674
E-mail: casehelpdesk@ibsindia.org

©2003-2013 IBS Case Development Centre. All rights reserved. | Careers | Privacy Policy | Terms of Use | Disclosure | Site Map xml sitemap