The Private Bank

Title:

The Private Bank

GSB Authors:

H. Grousbeck

All Authors:

Bose, K. R.

Grousbeck, H. Irving.

Date:

2007-03-30

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.

Collection:

Faculty Publications

Keywords:

entrepreneurship

intra-board conflict

banking

managing an underperforming executive (also the founder and chairman)

start-up

due diligence

the need for diversity on a board

Publication URL:

https://gsb.stanford.edu/faculty-research/case-studies/private-bank

Academic Area:

Organizational Behavior

Publication Type:

Cases