The State Banco de la Ciudad de Buenos Aires (Banco Ciudad) was losing money in 2007. In early 2008, around Federico Sturzenegger, a renowned academic in Argentina, as Executive Chairman of the city government and charged with turning the bank. But just four months later Sturzenegger was overlooking the 45th Day of a labor dispute with union representatives after due fired six employees triggered. The Showdown several questions. First of all: Who owned Ban … Read more »

The State Banco de la Ciudad de Buenos Aires (Banco Ciudad) was losing money in 2007. In early 2008, around Federico Sturzenegger, a renowned academic in Argentina, as Executive Chairman of the city government and charged with turning the bank. But just four months later Sturzenegger was overlooking the 45th Day of a labor dispute with union representatives after due fired six employees triggered. The Showdown several questions. First of all: Who owned Banco Ciudad? The city government? The citizens? Its employees? How could this bank to use their strengths and overcome their weaknesses in order to best serve its constituents and the public? This case follows the turbulent first years Sturzenegger to check in office, as a public company maneuvered met in a difficult environment, its goals of greater efficiency and profitability.
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from
Aldo Musacchio
Gustavo A. Herrero,
Cintra Scott
Source: Harvard Business School
25 pages.
Release Date: 22 November 2011. Prod #: 712029-PDF-ENG
Banco Ciudad (A): Who is the owner HBR case solution