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please examine the Case Study of Goldsmith vs. Crown Zellerbach Corporation. Analyze and provide an opinion as to how you would have handled the situation
please examine the Case Study of Goldsmith vs. Crown Zellerbach Corporation. Analyze and provide an opinion as to how you would have handled the situation differently if you were the VP/CFO for Crown Zellerbach.
GOLDSMITH WINS CONTROL OF CROWN ZELLER BACH By JONATHAN P. Published: July 26, 1985 The Crown Zellerbach Corporation officially ceded control of the FACEBOOK company yesterday to Sir James Goldsmith, the British financier, Y TWITTER after an eight-month battle for the forest and paper products GOOGLE company. MAIL Crown said that Sir James, who has gradually increased his stake in SHARE the company to 51.3 percent, would become chairman. The two sides PRINT also pledged to eliminate the "distractive atmosphere" around the company, which is based in San Fran REPRINTS William T. Creson will give up the title of chairman but will remain president and chief executive. Roland A. E. Franklin, a close business associate of Sir James, will serve as vice chairman A committee of six directors will propose one of four courses for the company: a company offer to buy 5 million of its 27.4 million shares; additional purchases by Sir James; a transaction" with a third party or a continuation of the restructuring plan that was proposed by management in April. ANov. 1 deadline was set for the committee to report to the full board Certain transactions between General Oriental Securities Ltd., Sir James's investment partnership, and Crown Zellerbach will become subject to 75 percent approval of the entire board, the company said. The board will be reduced to 11 members, from 12 The agreement puts in doubt the future of the restructuring plan, under which the company would be carved into three separate entities: a paper manufacturing unit, a specialty packaging company and a timberland liquidating partnership. Crown said that its agreement with Sir James included a provision that, if the restructuring was pursued, the company's vast timberland holdings would be spun off into a corporation rather than a partnership. S James has long sought such a provision, saying that the liquidating partnership would have unfavorable tax consequencesStep by Step Solution
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