3 ms·
You can’t just ignore a very good offer to sell your public company. Shareholders will have your head. Jim had to take Ginny’s offer to the Board, and they dec
by op00to 3y ago
You can’t just ignore a very good offer to sell your public company. Shareholders will have your head.
Jim had to take Ginny’s offer to the Board, and they decided to sell. That’s life in the big city.
- mort96 3y agoI don't understand what you're saying. I said it's on Red Hat that they decided to sell to IBM. I didn't say that the CEO personally made that decision, the board of directors is obviously the part of the company which has the final say in such decisions.
- veidr 3y agoI don't think you two are disagreeing. op00to is just pointing out that being a public company (like taking VC money) has consequences that can't be avoided. Those consequences include being acquired, if the offer is good enough. Everybody knew that IBM buying Red Hat was the end of the Red Hat that had existed up to that point. But accepting the buyout wasn't the decision; the decision was to go public in the first place. Which, of course, was Red Hat's decision. So everybody is correct.