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A new Columbia CaseWorks case by Fred Knapp ’12 and Lynne B. Sagalyn, “Battling Over a New York Workout: The W Hotel Strategy” sets up this true David-and-Goliath story in which the most junior player in the highly leveraged capital stack ended up being made whole on its loan. The saga of the $232-million mortgage and mezzanine debt financing, now known as the “W Strategy,” is one that changed practice, becoming significant in the annals of Uniform Commercial Code foreclosures and bankruptcy transactions.

The Private Equity Program is excited for the 2nd Deal Camp which will be held December 7-9.Applications will open October 8, 2012.For more information, watch our video featuring students who have attended in the past.  

"This is an economic revolutionary moment," said Andrew Stern, the Ronald O. Perelman Senior Fellow at the Richard Paul Richman Center for Business, Law, and Public Policy, on Thursday.

Cultural norms of deference to authority figures can inhibit Indian employees from challenging the status quo and sharing innovative ideas with managers.

Diverse firms are perceived as more ethical and less deserving of punishment when they do commit transgressions.

Lorenzo Weisman ’73, member of Columbia Business School’s Board of Overseers and cofounder of Hill Street Capital, died on Saturday, September 22.

In several experiments, Leonard Lee, associate professor of marketing at Columbia Business School, showed that in–system individuals demonstrate increased action initiation, persistence in completing tasks, and overall optimism.

The 2009 Home Affordable Modification Program (HAMP), which provided loan servicers with sizeable financial incentives to renegotiate mortgages, was intended to help 3 to 4 million struggling homeowners. Instead, the program is benefiting just over a third of that target, according to a paper coauthored by Edward S. Gordon Associate Professor of Real Estate Tomasz Piskorski. The study finds that if the worse-performing banks had simply modified loans at the same pace as their better performing peers, then HAMP would have produced about 800,000 more modifications.