Chapter 1

1. Bill Lewis et al., “US Productivity Growth, 1995–2000,” McKinsey Global Institute report, October 2001, https://www.mckinsey.com/featured-insights/americas/us-productivity-growth-1995-2000.

Chapter 2

1. Barry M. Staw and Ha Hoang, “Sunk Costs in the NBA: Why Draft Order Affects Playing Time and Survival in Professional Basketball,” Administrative Science Quarterly 40, no. 3 (September 1995): 474–494.

Chapter 3

1. William Alden, “PepsiCo Tells Activist Investor Its Answer Is Still No,” New York Times DealBook (blog), February 27, 2014, https://dealbook.nytimes.com/2014/02/27/pepsico-tells-activist-investor-its-answer-is-still-no/.

Chapter 5

1. Michael J. de la Merced, “Southeastern Asset Management to Fight Dell’s Takeover,” New York Times DealBook (blog), February 8, 2013, https://dealbook.nytimes.com/2013/02/08/southeastern-asset-management-to-fight-dells-takeover/.

2. Dan Primack, “Icahn: I’ve Lost to Michael Dell,” Fortune, September 9, 2013, http://fortune.com/2013/09/09/icahn-ive-lost-to-michael-dell/.

3. In re: Appraisal of Dell Inc. (Del. Ch., May 31, 2016), C.A. No. 9322-VCL, https://courts.delaware.gov/Opinions/Download.aspx?id=241590.

4. Sydra Farooqui, “Leon Cooperman on Dell, Taxes, Equity Prices, More” (video), Valuewalk.com, March 6, 2013, https://www.valuewalk.com/2013/03/leon-cooperman-on-dell-taxes-equity-prices-more-video/.

5. Steven Davidoff Solomon, “Ruling on Dell Buyout May Not Be the Precedent That Some Fear,” New York Times DealBook (blog), June 7, 2016, https://www.nytimes.com/2016/06/08/business/dealbook/ruling-on-dell-buyout-may-not-be-precedent-some-fear.html.

6. In re: Appraisal of Dell Inc.

Chapter 6

1. “AOL-Time Warner—How Not to Do a Deal,” Wall Street Journal Deal Journal (blog), May 29, 2009, https://blogs.wsj.com/deals/2009/05/29/looking-at-boston-consultings-deal-rules-through-an-aol-time-warner-prism/.

2. Philip Elmer-Dewitt, “Is Apple Ripe for a Stock Split?” Fortune, February 9, 2011, http://fortune.com/2011/02/09/is-apple-ripe-for-a-stock-split/; Mark Gavagan, Gems from Warren Buffett—Wit and Wisdom from 34 Years of Letters to Shareholders (Mendham, NJ: Cole House LLC, 2014).

Answers, Chapter 3

1. McKinsey & Company, “The Rise and Rise of Private Markets,” McKinsey Global Private Markets Review, 2018, https://www.mckinsey.com/~/media/mckinsey/industries/private%20equity%20and%20principal%20investors/our%20insights/the%20rise%20and%20rise%20of%20private%20equity/the-rise-and-rise-of-private-markets-mckinsey-global-private-markets-review-2018.ashx.

2. Michael A. Arnold, “The Principal-Agent Relationship in Real Estate Brokerage Services,” Journal of the American Real Estate and Urban Economics Association 20, no. 1 (March 1992): 89–106.