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> Having 51% control guarantees nothing. Maybe. But something (literally) doesn't add up in the original story. If the CEO had 51% and sold the 49%, there is
by busyant 3y ago
> Having 51% control guarantees nothing.
Maybe. But something (literally) doesn't add up in the original story.
If the CEO had 51% and sold the 49%, there is no place for the PE firm to capture the 2%.
Unless there is convertible debt or some such thing. Or the story is overly-simplified in some other way.
- boomchinolo78 3y agoThe CEO did not have 51%.
- busyant 3y agoIf he had less than the PE firm from the get-go, then he was never in control.