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Counterpoint: Other investors have as much incentive to maximize the value of the company as I do. Besides ego, why should I care if someone is brought in who c
by dcolkitt 5y ago
Counterpoint: Other investors have as much incentive to maximize the value of the company as I do. Besides ego, why should I care if someone is brought in who can do a better job. I still get to keep all my shares, and don’t even have to show up to work anymore.
- azinman2 5y ago> I still get to keep all my shares That often isn’t the case. I personally know of situations where CEOs were pushed out and recapped to effectively little.
- NotPavlovsDog 5y agoZuck in the Verge article discussed how much pressure there was to sell to Yahoo for 1B. For an average start-up, it might be being pushed to sell for, say, someM when you could wait and chance on 10xsomeM if you had the votes.