Corp Finance Ford
IB 92C0 MiM/MiB CORPORATE FINANCE ASSIGNMENT GUIDELINES
Case Study: Ford Motor Company’s Value Enhancement Plan (VEP)
As was announced during the first class in January (and stated in the module outline) you are required to submit a written assignment. Your assignment will be based on the Harvard Business School case study entitled “Ford Motor Company’s Value Enhancement Plan (A)”. The case study is distributed separately. Specifically, you are required to read carefully the case study and hand in your answer to the following two questions: 1. Should Ford: § go ahead with the complicated VEP, or § issue a cash dividend, or § conduct a share repurchase? In other words, would you vote in favour or against the VEP plan? Explain. 2. If the VEP plan is implemented, what would be your choice (cash or shares or a combination) if you were one of the following: § a Ford family member holding Class B shares § an institutional investor, such as TIAA-Cref or the Calpers § a regular outsider shareholder You must provide a short answer for all three investor types above. Assessment weight: This assessment constitutes 20% of your final mark. Deadline: You must submit your assignment via my.wbs by 12:00 pm on Monday 15 April, 2013. Late submissions will receive penalties in line with WBS policy.
Format
Your answer to the questions above should follow these guidelines: 1. 2. 3. 4. Your answer should be no more than 2 pages long. Any pages beyond the first two will be detached and discarded. This limit applies to all work, including any graphs, tables or appendices you may choose to use. Your paragraphs should be single-spaced with appropriate headings. You must use Times New Roman font 12. You should use the official assignment cover sheet, which will not count towards the two-page limit. The cover sheet should state the module name and number (IB 9380), the case study title and your student number.
MiM Corporate Finance
1
Ford’s Value Enhancement Plan
Case Study: Ford Motor Company’s Value Enhancement Plan (VEP)
As was announced during the first class in January (and stated in the module outline) you are required to submit a written assignment. Your assignment will be based on the Harvard Business School case study entitled “Ford Motor Company’s Value Enhancement Plan (A)”. The case study is distributed separately. Specifically, you are required to read carefully the case study and hand in your answer to the following two questions: 1. Should Ford: § go ahead with the complicated VEP, or § issue a cash dividend, or § conduct a share repurchase? In other words, would you vote in favour or against the VEP plan? Explain. 2. If the VEP plan is implemented, what would be your choice (cash or shares or a combination) if you were one of the following: § a Ford family member holding Class B shares § an institutional investor, such as TIAA-Cref or the Calpers § a regular outsider shareholder You must provide a short answer for all three investor types above. Assessment weight: This assessment constitutes 20% of your final mark. Deadline: You must submit your assignment via my.wbs by 12:00 pm on Monday 15 April, 2013. Late submissions will receive penalties in line with WBS policy.
Format
Your answer to the questions above should follow these guidelines: 1. 2. 3. 4. Your answer should be no more than 2 pages long. Any pages beyond the first two will be detached and discarded. This limit applies to all work, including any graphs, tables or appendices you may choose to use. Your paragraphs should be single-spaced with appropriate headings. You must use Times New Roman font 12. You should use the official assignment cover sheet, which will not count towards the two-page limit. The cover sheet should state the module name and number (IB 9380), the case study title and your student number.
MiM Corporate Finance
1
Ford’s Value Enhancement Plan