Instructions: “Please note that we require all students to submit 2 ppt slides (maximum) of bullet-point summary answers to the key case preparation questions”.
* preparation questions: “**As of the end of 2001, calculate the probability that Elan would become insolvent, using the version of the z-score on p 12 of Altman’s paper. (Z = 1.2X1 + 1.4X2 + 3.3X3 +0.6X4 + 1.0X5).
**Assess the value of z-score as a predictive tool.
**Assess Armen’s decision to rush through a recovery plan to avoid ‘examination’.
**What type of successor should Armen choose – a nonpharmaceutical turnaround expert or an internal manager with operational expertise? Is there a third option?”
* Case attached. * I also attached another file (article) which was provided by the professor as a helpful source .
