Ivey Publishing
Shareholder Activism at Canadian Pacific
Product Number:
9B14M035
Publication Date:
04/23/2014
Revised Date:
04/08/2014
Length:
15 pages (13 pages of text)
Product Type:
Case (Library)
Source:
Ivey
Canadian Pacific (CP), a North American railway company, had recently come under attack from an activist shareholder, Pershing Square Capital Management (Pershing). Pershing had accumulated a 14 per cent shareholding in CP and had recently announced its intention to replace the CP board of directors and its chief executive officer. The case reviews the history of CP, its recent performance relative to Canadian National, and the basis for Pershing's allegations that CP had lagged its competitor in terms of performance and that this was attributable to poor governance and management. The board of CP must decide whether to make concessions to Pershing or risk an all-out proxy battle which it may well lose.
Learning Objective:
To introduce students to key issues in corporate governance, specifically activist shareholders and threatened or actual proxy battles. This case could be used in strategy, general management or corporate governance courses or programs.
Issues:
Disciplines:
General Management/Strategy
Industries:
Transportation and Warehousing
Setting:
Canada; United States, Large, 2012
Intended Audience:
MBA/Postgraduate
Price:
$5.30 CAD / $5.00 USD Printed Copy
$4.50 CAD / $4.25 USD Permissions
$4.50 CAD / $4.25 USD Digital Download
You Might Also Like...

Save In: