Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 3 January 2007
Length: 17 pages
Data source: Published sources
Abstract
Goodyear's transition to radial tires from bias and bias-belted tires was difficult and expensive, but successful. Afterward, in 1983, the company embarked on a major diversification program. Three years later, after investments exceeding US$1 billion in oil and gas pipelines and reserves, Goodyear was attacked by a corporate 'raider' and is considering abandoning its diversification program in favor of a highly leveraged restructuring.
About
Abstract
Goodyear's transition to radial tires from bias and bias-belted tires was difficult and expensive, but successful. Afterward, in 1983, the company embarked on a major diversification program. Three years later, after investments exceeding US$1 billion in oil and gas pipelines and reserves, Goodyear was attacked by a corporate 'raider' and is considering abandoning its diversification program in favor of a highly leveraged restructuring.