The Private Bank - The Case Centre

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Case

Reference no. E253

Subject category: Entrepreneurship

Authors: Harold Irving Grousbeck (Stanford Graduate School of Business, Stanford University); Katherine Ann Rudolph Bose (Stanford Graduate School of Business, Stanford University)

Published by: Stanford Business School

Originally published in: 2007

Version: 17 August 2007

Length: 13 pages

Data source: Field research

Topics: Intra-board conflict; Banking; Managing an underperforming executive (also the founder and chairman); Start-up; Due diligence; The need for diversity on a board

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Abstract

After several quarters of missed numbers, the protagonist, a director on the board of The Private Bank, calls into question the competence of the founder, Chairman, CEO and President of the Bank. Intra-board conflict ensues as does conflict about how to correct the problem.

Location:

Santa Barbara, CA