SPOTLIGHT: Zen and the art of beating a hasty retreat

Business schools are already treating the Johnson & Johnson/Guidant deal as a classic in management decision making. Did J&J do the right thing in pushing for a lower price for Guidant in light of the company's problems? The Wharton School's online magazine looks at the use of the material adverse event clause in this much-talked-about deal and examines management responses to a series of blockbuster deals that went south. Article

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