In 1897 John K. Stewart and Thomas Clark incorporated their Chicago Flexible Shaft Company‚ which made horse trimming and sheep shearing machinery.[4] In 1910 the company produced its first Sunbeam branded household appliance‚ the Princess Electric Iron. The company did not officially change its name to Sunbeam until 1946.[5] In 1928‚ the company’s head designer‚ Swedish immigrant Ivar Jepson‚ invented the Mixmaster mixer. Introduced in 1930‚ it was the first mechanical mixer with two detachable
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Sunbeam was a company originated in Chicago started off with manufacturing electrical appliances in 1910. Over 50 years‚ Sunbeam had produced different products from a food mixer to an electric blanket. The company acquired their rivalry company- Oster Company in 1960. However‚ the company turned over into different hands. In 1981‚ Sunbeam was acquired by Allegheny International‚ but it went bankruptcy 7 years later. Paul Kazarian and two other partners bought Sunbeam company from Allegheny International’s
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Sunbeam Case 1. Analyze the changes that Al Dunlap had initiated at Sunbeam after being hired from a strategic perspective. Did the changes started by Dunlap allow him opportunities to manage earnings? 2. Focus on the allegations made by Barron’s about Sunbeam’s accounting. Do you find any red flags that may support these allegations by looking at the "as reported" financials of Sunbeam? 3. Compare the "as reported" and "restated" financials of Sunbeam. Do you see any evidence supporting the
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Analysis Company Sunbeam has offered innovative products to household families for over 100 years and is a publicly traded company. In 1910 Sunbeam introduced their first iron. In 1930 Sunbeam introduced the Mixmaster stand mixer. The mix master stand mixer became the single most popular small kitchen appliance in the country. In 1998‚ the US Postal Service dedicated a stamp in honor of the famous Mixmaster as one of the country’s greatest innovations. Sunbeam has been known for these and
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(ALS Case Study) A 51-year-old woman developed an unusual gait related to "calf stiffness." After several months of progressive weakness‚ she developed a right foot drop. Within 15 months‚ she also described difficulty in writing‚ weakness of the right hand and arm‚ and diffuse muscle twitching with painful muscle cramps. Assessment confirmed weakness of all limbs‚ more marked on the right side‚ with muscle atrophy. Reflexes were hyperactive and fasciculations were observed in the right leg.
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executive. He was best known as a turnaround specialist and downsizer. The ruthless methods he employed to streamline ailing companies‚ most notably Scott Paper‚ won him the nicknames "Chainsaw Al" and "Rambo in Pinstripes". However‚ his reputation was ruined after he engineered a massive accounting scandal at Sunbeam-Oster. Dunlap believed that the primary goal of any business should be to make money for its shareholders. To that end‚ he believed in making widespread cuts‚ including massive layoffs
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ALS‚ also called Lou Gehrig’s disease‚ typically affects people in the age group of 40 to 70 years. It is a degenerative motor neuron disorder that according to the ALS Association‚ “affects the motor neuron cells in the brain and the spinal cord.” Once the motor neurons die‚ the brain will no longer be able to initiate or control the movement of muscles. Around 5600 people are diagnosed with ALS per year and 30‚000 Americans reportedly suffer from ALS at any given time. The ALS Ice Bucket Challenge
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Due to his past success‚ Al Dunlap was hired to turn around Sunbeam. Sunbeam had a long period of management and financial instability. In other words‚ Sunbeam needed a “savior.” Many believed this was Al Dunlap. Unfortunately‚ through his tenure at Sunbeam‚ stock price fell from a high $53.00 to $16.00 on the day that he was fired. Were his “rightsizing” techniques not adequate? or was he just an overpaid CEO? 1. Consider Dunlap’s statement on page 3 of the case: “Stakeholders! Everytime
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Storyline 1: 337th Munitions Squadron Line 8 thru 13: PA01 Airmanship Synopsis: A1C Hamburg is forced to wake SrA Ratner in order to avoid being late for roll call and it’s the third time in a week SrA Ratner overslept. Ratner references partying and drinking the night before. I: The lesson principle illustrated in this instance is an Emergent Leadership issue‚ Wingman Concept more specifically. D: A1C Hamburg practiced appropriate use of the wingman concept ensuring SrA Ratner was awake in order
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Journal of Business Case Studies – January/February 2010 Volume 6‚ Number 1 Sunbeam Corporation: A Forensic Analysis Patricia Hatfield‚ Ph.D.‚ Bradley University‚ USA Shelly Webb‚ Ph. D.‚ Xavier University‚ USA ABSTRACT The members of the Board of Directors at Sunbeam were completely bewildered. Al Dunlap‚ Sunbeam’s highly successful but controversial CEO was threatening to resign after almost two years of leading Sunbeam successfully out of a slump that had threatened the long-term
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