Myth: I’ll Lose Control Over Decision Making
Speaker 1 (00:02):
I know one of the concerns that a lot of CEOs have is, Hey, do I lose control when I hire a shareholder rep? And the answer is no.
Speaker 1 (00:13):
My name's Jason Mendelson. And I am a former lawyer, software engineer, multi-company starter venture capitalist, and I've been involved in mergers and acquisitions for the last 22 years of my life. It's very similar to hiring your executive team, right? You're hiring great people to do a great job, but you're setting the strategy and ultimately the buck stops at you. You didn't get where you got to by doing everything yourself. So you have advisory committees for the shareholder rep that take those directions. They never do anything that's not authorized by those folks. All you're doing is hiring a professional service organization like you would in a whole bunch of other cases to solve your problems.