Disastrous Business Partners Part 2: Confronting the Highly Dysfunctional Majority Owner
In the National Football League, quarterbacks may receive too much credit when their team wins and too much blame when they lose. It is easier celebrate or criticize the person we consider the face of the franchise. Perhaps this tendency comes from our experience in business world where the success or failure of a private company often traces to the leadership of its majority owners.
Disastrous Partners: The Problem of Highly Dysfunctional Business Partners
Part 1: Majority Owner Strategies In Dealing With Difficult Minority Investors
It feels like a sharp punch to the stomach – a physical reaction to the sudden realization that a longtime business partner’s actions have put the business at risk. This is not a disagreement over differing approaches to business issues.
When Sweeteners Turn Sour: Recent Texas Supreme Court Case Highlights Problems With Earn-Out Provisions in Private Company Purchase Contracts
Earn-out provisions in purchase contracts are “sweeteners” than can add significant value to the purchase price in the sale of private companies and these terms are increasingly being used in purchase contracts. This Post explains why the use of earn-out provisions is on the rise in purchase contracts, but it also signals a warning.