Episode 4 — Extortion at the Closing, Stay Bonuses, and the Takeover of ServiceMaster’s Board of Directors
The Boardroom Buzz: Grow, Sell, or Exit
Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Paul and Patrick discuss the importance of stay bonuses, and how one management team tried to extort $1 million from a seller at the closing of the sale of his pest control business. We also learn about what happened to the family of a seller who died of a heart attack the day before the sale of his business. Patrick and Paul also talk about the closing of Project Warrior with Certus last week and how activist hedge fund, Third Point, has acquired a 3.1 million share stake in ServiceMaster. Does this mean that ServiceMaster will be taken private or acquired?