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United Rentals (B) Case Solution & Answer

In April 2012, Jenne Britell, chairman of the board of United Rentals, Inc. (NYSE: URI) preparing notes for an upcoming shareholders meeting. It was a meeting unlike most other meetings presided. The shareholders were about to vote on a transaction that was perhaps the ultimate fulfillment of the original vision of the founders. She recalled the founding of the company 15 years ago and its rapid growth. With a great sense of accomplishment and satisfaction, reflects on his tenure as Chairman of the Board five years ago. Elected to the Board in 2006 and elected unanimously by his peers as president in June 2008, Britell directed by the Board after a tumultuous period that included senior management and board changes, SEC investigation, the financial restatements release of the company by Cerberus Capital Management, a transaction to acquire URI and the deepest recession to hit the world economy since the Great Depression. At the meeting, it will ask shareholders to consider approval of a merger agreement between the URI, the largest equipment rental worldwide, with RSC, the second largest equipment rental in the world and the largest competitor of the URI. The meeting marks the triumph of a new model of strategy and governance of the company, the development and implementation? PART Britell and CEO Michael Kneeland had been taken. Britell as reflected in the Company’s achievements, also looks forward to the challenges and opportunities that lie ahead as the company achieved the integration of CSR with URI and integration of three new members of the Board the acquired company. He also reflected on how the government and the strategy could continue to evolve as the company planned for the next five years.
by
Jay W. Lorsch,
During Kathleen
Source: Harvard Business School
19 pages.
Release: July 15, 2013. Prod #: 414031-PDF-ENG
United Rentals (B) Case Solution

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