Vudoo closed the doors…
- By brianf
- All Things Rimfire
- 377 Replies
Early on in this lengthy tome, the new owners and their "picked" individual to "run" the company were named.
Said picked individual has a very bad reputation for destroying companies he is brought into.
Seems the earlier comments pages back are coming to pass.
Go back and read it all.
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Many buy out have “second bite at the apple”. You leave money on the table for a chance at a bigger payout down the road.
Most of the time that is ownership if they are very involved.
If the owners have a few bucks in the bank and the company is worth something they will negotiate the “non buy in” is enough for them to be reasonably happy out the door. The extra is gravy.
Caveat is after being a owner for so long they never truly get on board and deal with a younger new manager asking you why your lunch break was 2 hours when your buy out says it matches the office etc
They usually quit (because they got enough in the bank) or it’s a parting of ways in 6 months.