James B. Shein
James B. Shein

STRATEGY
Clinical Professor of Strategy

Print Overview

Professor James B. Shein is Clinical Professor of Management & Strategy and also is part of Kellogg’s Larry and Carol Levy Institute for Entrepreneurial Practice. He is the academic director of the executive program Successful Corporate Renewal.

He teaches Managing Turnarounds (MGMT 934) and Global Governance (ENTR 965). Professor Shein was previously counsel at McDermott, Will & Emery with practice in corporate governance, restructurings, business startups and acquisitions, and fiduciary duties of officers and directors.  Prior to that, he spent four years as the president and chief executive officer of R.C. Manufacturing and ten years prior to that as president and chief executive officer of Northbrook Corporation.  During that time he purchased, turned and sold underperforming companies.   He has decades of experience as a CEO and running, advising, purchasing and reviving companies.

A frequent lecturer and author on corporate renewal and corporate governance, he has been highlighted on National Public Radio programs as an authority on restructuring and downsizing and has testified as an expert witness on governance in state and federal courts.  He also serves on the boards of directors of several public and private companies, chairing audit and governance committees.

Professor Shein has chaired programs at the Federal Reserve Bank of Chicago on the outlook for the troubled industries. He conducts seminars and workshops on corporate restructuring and governance for the Bank Lending Institute and the American Press Institute. His work with corporate directors led to his article, “Trying to Match SOX: Dealing with New Challenges and Risks Facing Directors,” published in The Journal of Private Equity, 2005.   He has also published a number of cases for the Kellogg Case Collection on turnarounds and corporate renewal in large and small companies, for-profit and non-profit organizations, and international companies.  Professor Shein is author of the book:  Reversing the Slide:  A Strategic Guide to Turnarounds and Corporate Renewal (Wiley Publishing, March 2011).

Professor Shein graduated with an engineering degree from Purdue University and then earned an M.B.A. from Indiana University. He also holds a doctoral degree in organizational behavior from Indiana University. He later received his juris doctor degree, cum laude, from Loyola University of Chicago, where he was lead articles editor of the Law Journal.



Areas of Expertise
Corporate Governance
Distressed Investing
Entrepreneurship
Turnaround Management
Venture Capital and Private Equity
Print Vita
Education
JD, 1997, Loyola University of Chicago School of Law
PhD, 1968, Indiana University
MBA, 1966, Indiana University
BS, 1964, Engineering, Purdue University

 
Print Research
Research Interests
Corporate renewal, turnaround management, legal issues in corporate finance, restructurings, start-ups and acquisitions, fiduciary duties of officers and director

Articles
Shein, James B.. 2011. You Bought the Company: Now What?. The Journal of Corporate Renewal.
Shein, James B.. 2005. Trying to Match Sox: Dealing with New Challenges and Risks Facing Directors. Journal of Private Equity. 8(2): 20-27.
Books
Shein, James B.. 2011. Reversing the Slide: A Strategic Guide to Turnarounds and Corporate Renewal. Wiley (Jossey-Bass).
Cases
Shein, James B.. 2014. Corporate Governance at Martha Stewart Living Omnimedia: Not "A Good Thing". Case 5-413-761 (KEL776).
Shein, James B. and Scott Kannry. 2012. The Chicago Blackhawks: Greatest Sports Business Turnaround Ever?. Case 5-112-007 (KEL671).
Shein, James B.. 2012. At Ford, Turnaround Is Job One. Case 5-211-250 (KEL663).
Shein, James B., Rebecca Frazzano and Evan Meagher. 2010. Solo Cup in 2007: Dollars in the Details. Case 5-210-261 (KEL505).
Shein, James B., Rebecca Frazzano and Evan Meagher. 2010. A Tale of Two Turnarounds at EDS: The Jordan Rules. Case 5-409-754 (KEL425).
Shein, James B., Robert Anstey and Nathan Lang. 2010. Elan Corporation Turnaround. Case 5-210-262 (KEL507).
Shein, James B. and Judith Crown. 2010. Atari: Between a Rock and a Hard Place. Case 5-210-260 (KEL539).
Shein, James B., Tim Joyce and Brandon Cornuke. 2010. Dry Goods. Case 5-210-263 (KEL509).
Shein, James B. and Evan Meagher. 2009. Leading Corporate Renewal: Selim Bassoul at Middleby Corporation. Case 5-209-253 (KEL422).
Shein, James B., Nathan Haines, Matthew Horstmann, Tobias Kaulfuss, Craig Koester, William Koo and Juan Lariz Landin. 2008. Parmalat USA Turnaround. Case 5-208-253 (KEL356).
Shein, James B. and Evan Meagher. 2008. Winn-Dixie Stores in 2005 (B): Cleanup on Aisle 11. Case 5-408-751(B) (KEL416).
Shein, James B. and Loredana Yamada. 2008. Sara Lee: A Tale of Another Turnaround. Case 5-108-009 (KEL353).
Shein, James B. and Evan Meagher. 2008. Winn-Dixie Stores in 2005 (A): Cleanup on Aisle 11. Case 5-408-751(A) (KEL415).

 
Print Teaching
Teaching Interests
Entrepreneurship and Management
Full-Time / Part-Time MBA
Global Governance of Private Companies (KIEI-965-0)

Formerly ENTR-965-0

Governance issues must be addressed by the power centers of all organizations, ranging from startups to mid-market and other non-public companies. Almost all Kellogg graduates will serve as an officer and director of one of these U.S. or foreign organizations during their career.

The aim of this interdisciplinary course is to equip students with the knowledge and skills necessary to handle controversial governance issues which often fall in the intersection of business, law and ethics. Concepts will cover private equity, professional service, and closely held firms, as well as the more stringent laws that exist in other countries. We will debate current issues and proposed regulations that affect directors in the U.S. and internationally to help executives do the right thing and avoid liabilities. Guests will include the heads of private equity, consulting and investment banking firms.

Managing Turnarounds (MGMT-934-0)

This course counts toward the following major: Entrepreneurship & Innovation

This course focuses on how to recognize, analyze and deal with the special problems of organizations facing turnarounds or crises. The course covers a framework that encompasses early warning signals to detect problems, then takes students through basic and advanced turnaround techniques and examines how to return to leadership. The multi-discipline causes and cures for turnarounds, including marketing, finance, strategy and human relations, are discussed. These principles apply to helping many different types of organizations, including early stage companies, mature corporations (or underperforming units of same) and not-for-profit organizations. The use of corporate bankruptcy as a sword or shield is also covered. Cases are assigned to teach how entrepreneurs and leaders of more mature companies have successfully and unsuccessfully dealt with serious problems. Note: This course may not be dropped after the second week of the quarter.