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We had a bizarre experience. Our acquisition was motivated by the value of our contracts and came with a number of earn out goals to ensure that management kept
by jbmsf 7y ago
We had a bizarre experience. Our acquisition was motivated by the value of our contracts and came with a number of earn out goals to ensure that management kept these going for a year. All of the money for the acquisition was held in escrow for this time period, with payouts at the end of the year.
Our executive management was very savvy and negotiated that the acquiring company couldn't interfere with our operations for the first year in any way that could threaten our meeting the earn out goals.
The net effect was just weird. In many ways, nothing really changed for a year. In other ways, everything kind of ground to a halt because there was no motivation to do anything and no new management to steer.
I left at the end of the year.
- bitcoinmoney 7y agoHow much you got out of it?
- jbmsf 7y agoEnough that I don't technically have to work, not so much that I won't keep working.