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Stress test your leadership team before the stakes are real


Ethan Allen’s Crossroads: When a Successful Company Becomes an Activist Target
DGB Investment says Ethan Allen is an undervalued brand trapped by stagnation. Management argues the company is executing a successful long-term strategy. Investors must decide which vision defines the future.

Merlin @GovernanceCentral
5 days ago7 min read


GameStop’s eBay Bid May Be Ending. A New Governance Era Begins.
GameStop's reported decision to reconsider its $56 billion eBay acquisition may be the most important governance development in the story so far. As Ryan Cohen explores alternatives to a full takeover, the debate has shifted from financing a massive acquisition to a more fundamental question: Does GameStop need to own eBay to create value? The answer could become a case study in disciplined capital allocation.

Merlin @GovernanceCentral
Aug 125 min read


The Activist Playbook Met a Turnaround Story at Genesco. The Turnaround Story Won....For Now
Genesco’s proxy fight with the Radoff–Jumana Group tested whether an activist playbook—stake-building, governance pressure, capital allocation criticism, and board nominees—could beat a turnaround story. Shareholders chose Genesco’s Footwear First strategy, but now the company must prove the vote of confidence was deserved.

Merlin @GovernanceCentral
Jul 2511 min read


Samsung’s Move to Texas and the Rise of the Texas Stack
Texas Stack = Headquarters, corporate charters, and capital markets in Texas When Tesla moved its headquarters from California to Texas, many observers viewed it as a Silicon Valley story. When Oracle followed, it looked like a technology-sector trend. When Chevron left California, Caterpillar left Illinois, and Samsung recently announced it would move its U.S. headquarters from New Jersey to Plano, Texas, it became clear that something much larger was happening. Texas is no

Merlin @GovernanceCentral
Jul 225 min read


The EchoStar Case Study: How Corporate Structure, M&A, and Creditor Power Led to the DISH DBS Bankruptcy
What investors, directors, executives, and MBA students can learn from one of the most fascinating corporate strategy stories in modern communications. Executive Summary In June 2026, DISH DBS Corporation filed for Chapter 11 bankruptcy protection while its parent company, EchoStar Corporation, remained outside bankruptcy. EchoStar stated that its brands, customers, operations, and employees would continue operating normally. [cases.ra.kroll.com], [hbs.edu] At first glance, t

Merlin @GovernanceCentral
Jul 47 min read


Capital Requires Clarity
For decades, you could build companies in America without saying who really owned them. That era is ending. The latest court ruling on the Corporate Transparency Act doesn’t just validate a law—it redefines accountability in modern markets.

Merlin @GovernanceCentral
Jun 134 min read


Starbucks May Spin Its Japan Platform: Capital, Control, and Conviction
Starbucks Japan’s IPO highlights important questions in corporate strategy, strategic options, and capital allocation. The case shows how boards and executives can evaluate growth, ownership structure, market positioning, and long-term value creation.

Merlin @GovernanceCentral
Jun 113 min read
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