Jack Wright Case 1

In: Business and Management

Submitted By kpine1852
Words 673
Pages 3
August 25, 2015
Jack Wright Case 1

Jack Wright, Director

Jack Wright would be considered an extremely successful businessman by today’s standards. Being a CEO of a prosperous major company in the Midwest, Dryden Corporation, Wright over the previous ten years has led the company to even more accomplishments than he originally thought possible. Through dozens of acquisitions, Wright managed to grow annual revenues to over a staggering two billion dollars. At the age of only 55, Wright had gained respect and a healthy reputation in the surrounding community and the industry itself. While Wright was very fruitful in his success, he was very interested in what one of his notable friends, John Rock, approached him with. Rock, the CEO of Mega Corporation, came to Wright in 2002 with the proposition of joining Mega’s board of directors. Mega Corporation was a large company with headquarters in the southeast. With eleven subsidiaries operating throughout the region, Mega’s sales averaged around seven billion, much larger than Dryden. Without looking at any other facts, it seems clear that Wright should accept this position on the board. However, at a closer look, maybe Wright should kindly decline the offer. From the beginning, Wright had been invited to many social gatherings involving other members of the board of Mega. These events included many dinners and a golf outing, in which Wright was able to network with Mega’s employees. Wright did not even realize that they were analyzing him to see if he was a strong candidate for their board of directors at the time. John Rock explained to Wright that a formal invitation from Sam Bigger, the owner of the company, would come at a later time only if Wright expressed interest. It does seem a little suspicious that Wright was only given a short time frame of a month to accept or decline the offer, while…...

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