The great feature about Active Equity Companies (AEC) is that everyone wins so when the company is sold everyone benefits. With Passive Equity Companies (PEC), there is only one winner, the founding family. It was fun to be at a the board meetings of a AEC knowing that everyone would benefit. However at PEC companies like Dyson, it must be strange for the directors, accountants and assorted hangers-on to be sitting round the table putting together a refinancing package which crystallised another £150million to the fortunes of the Dyson family. One good thing, it makes light work for the business plan resource, Equity Fingerprint.
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