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Management article
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Reference no. R00213
Published by: Harvard Business Publishing
Originally published in: "Harvard Business Review", 2000
Revision date: 12-Feb-2013
Length: 8 pages

Abstract

For teaching purposes, this is the case-only version of the HBR case study. Norman Spencer, who grew up poor, worked for two decades to make his investment firm successful and his family wealthy. The company he founded, Arrowhead, is now known on Wall Street as a top-notch boutique firm with $25 billion in assets under management. His family has a mansion in San Francisco and a 'cottage' in Nantucket. His 17-year-old daughter drives a BMW, his 13-year-old son takes flying lessons in his own plane, and his wife has a personal feng shui adviser. But at the pinnacle of his career, Norman feels as though he's drowning. Norman's success only makes him feel numb, and his home life is a disaster; his wife is so resentful of his lack of family involvement that she no longer speaks to him. His daughter refused to wish him happy Father's Day. 'You're not a father,' she said. Alternately harsh and remote at work, this fictional entrepreneur has been asked by one senior executive at Arrowhead to stay away from the analysts. So he spends a lot of time surfing the Internet, looking at real estate in far-flung places, and haunting web sites about missing persons, wondering what became of his younger sister, who ran away from home at age 14. What is wrong with Norman, and how can he fix it?

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Abstract

For teaching purposes, this is the case-only version of the HBR case study. Norman Spencer, who grew up poor, worked for two decades to make his investment firm successful and his family wealthy. The company he founded, Arrowhead, is now known on Wall Street as a top-notch boutique firm with $25 billion in assets under management. His family has a mansion in San Francisco and a 'cottage' in Nantucket. His 17-year-old daughter drives a BMW, his 13-year-old son takes flying lessons in his own plane, and his wife has a personal feng shui adviser. But at the pinnacle of his career, Norman feels as though he's drowning. Norman's success only makes him feel numb, and his home life is a disaster; his wife is so resentful of his lack of family involvement that she no longer speaks to him. His daughter refused to wish him happy Father's Day. 'You're not a father,' she said. Alternately harsh and remote at work, this fictional entrepreneur has been asked by one senior executive at Arrowhead to stay away from the analysts. So he spends a lot of time surfing the Internet, looking at real estate in far-flung places, and haunting web sites about missing persons, wondering what became of his younger sister, who ran away from home at age 14. What is wrong with Norman, and how can he fix it?

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