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Matt Levine touched on this earlier in the week: https://www.bloomberg.com/view/articles/2018-05-29/xerox-ceo-showed-some-strategic-thinking https://www.bloomb
by jonknee 8y ago
Matt Levine touched on this earlier in the week:
https://www.bloomberg.com/view/articles/2018-05-29/xerox-ceo-showed-some-strategic-thinking https://www.bloomberg.com/view/articles/2018-05-29/xerox-ceo...
> Helping a merger along by offering the target CEO a good job at the combined company is … a fairly standard move, really; it’s the sort of thing that people grouse about in merger lawsuits but that happens a lot. Helping it along by offering the target CEO a good job at the combined company after he’d already been fired
- hlmencken 8y agoAre you missing part of your quote?
- tempestn 8y ago"Helping it along by offering the target CEO a good job at the combined company after he’d already been fired is much weirder, though. It’s more or less okay for a CEO to try to preserve his job in a merger; it’s awkward for him to try to rescue his job that way."
- mi100hael 8y agoI find it hard to believe a F500 CEO cares that much about keeping their job after an acquisition. Presumably he has a bunch of options/grants that will be worth a fuckton due to the 30% premium Fuji would pay. Plus it's good for the resume. Look at Monsanto's Hugh Grant. He'll be loaded so he doesn't need to take a title-cut to be CEO of a subsidiary to keep some piddly 7-figure salary, and he can find another job without too much trouble if he does decide to keep working.