Begins with the history of the company, tenure track founder Del E. Webb and his successor as chairman and chief executive, Robert H. Johnson. Johnson inherited a diversified company, which was involved in the construction, real estate development (including the famous City of the Sun) and the hotel and casino business. Johnson left the Del Webb on the brink of bankruptcy in 1981, and known for turning artist Robert K. Swanson was taken to save the company. Swanson describes a rotation scheme and proceeds to highlight a number of concerns of corporate managers on management style Swanson, in the meeting room of destination and strategic plans. When the financial director Phil Dion was named president and appointed to the board in 1987, he began to challenge Swanson aggressively. The Council, which included many of his close friends Swanson and business colleagues, supported Swanson. Fall of 1987, the crisis hit. The company was forced to take to $ 100 million write-down, the stock took a dive, and Swanson and three members of the board resigned. The remaining members of the board of the company remained in intermittent and succession plan. "Hide
by Jay W. Lorsch, Samantha K. Graff Source: Harvard Business School 20 pages. Publication Date: November 19, 1996. Prod. #: 497016-PDF-ENG
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