The 'Fred Factor': The Saga of a Turnaround Specialist

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Case Details:

Case Code : LDEN066
Case Length : 17 Pages
Period : 1995-2009
Pub Date : 2010
Teaching Note : Available
Organization : -
Industry : Pharmaceuticals
Countries : US; Global

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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Excerpts

Fred Hassan and His Career

Born on November 12, 1945 in Multan, Pakistan, Hassan credits his career success to lessons learned from his parents. According to Hassan, he learnt how to be diplomatic from his father who was Pakistan's first ambassador to India following the 1971 war between the two nations.

His mother, a women's-rights activist taught him to take risks and make the right decisions independently, he said. After completing his schooling, Hassan left Pakistan to pursue higher studies abroad...

Leadership and Entrepreneurship Case Studies | Case Study in Management, Operations, Strategies, Leadership and Entrepreneurship, Case Studies

Turnaround of Pharmacia & Upjohn

One of Hassan's first successful turnarounds was reviving Pharmacia & Upjohn. The early 1990s witnessed several mergers and acquisitions in the global pharmaceutical industry. In 1995, Sweden-based Pharmacia AB (Pharmacia) merged with US-based Upjohn Company to form Pharmacia & Upjohn...

Reviving Schering-Plough

Hassan joined SP in 2003. According to analysts, Hassan was called in mainly because of his reputation of restructuring struggling businesses. When he took over from his predecessor Richard Jay Kogan, the company was dogged by problems such as slumping sales, a demoralized work force, government investigations related to manufacturing violations and alleged medical fraud...

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