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Shouldn't this have also come up in the preliminary research before this deal became public? I personally remember getting asked to sign some legal documents af
by chris11 11y ago
Shouldn't this have also come up in the preliminary research before this deal became public? I personally remember getting asked to sign some legal documents after I had been working full time. I had originally started out as a contractor, but then went to full-time. And my contracting agreement was slightly different than the agreement I signed when I accepted the full-time offer. So I think some lawyer noticed the discrepancy and decided it needed to be taken care of. I don't remember any differences being important to me personally, but from that I would assume that Jeremy's relationship and contracts with Cruise would come up prior to the public announcement as part of conducting due diligence.
- jboydyhacker 11y agoIt doesn't sound like Kyle knew there was a claim. He probably just assumed since he had a vesting schedule which is standard so would anyone else. "only came up after deal announced".... Obviously probably regrets that assumption now.
- chris11 11y agoNo, I mean I think maybe GM's legal team should have figured out about this situation before the merger was publicly announcement. Sure, maybe no-one at Cruise would have thought to bring it up, but I'd expect that the due diligence process might be thorough enough to catch it.
- jboydyhacker 11y agoIf the Cruise team didn't even know it was a problem- no way for GM to discover it. If the corporate entity is unaware- there would be nothing for GM to discover.