Wisconsin Central Ltd is a regional railway formed in leveraged buyout funds, which are now defaulting on its loan covenants. Case uses this situation to study the financial structure of a typical LBO Association and its internal controls and the different roles of the board. "Hide
by Michael C. Jensen, Willy Burkhardt, Brian Barry Source: Harvard Business School 20 pages. Publication Date: November 20, 1989. Prod. #: 190062-PDF-ENG