The Seller’s Last Question: What Happens to the Employees?
Reference code: C26-05 La-Z-Boy, Foreign Competition, and the Succession-Planning Case for a CCE When the owner of a successful manufacturing company begins planning for succession, the discussion quickly acquires its own vocabulary. The advisers speak of valuation, financing, taxes, representations, indemnities, working capital, and the quality of the prospective buyer. Those questions matter. A seller […]
Shared Surplus and Competitive Edge in a CCE
Reference code: C25-07 A commons capitalism entity, or CCE, is built around a different idea of corporate purpose and surplus. The commons corporation at the top of the group keeps and stewards consolidated surplus for the benefit of the enterprise as a whole. Subsidiaries operate as market-facing competitors that chase industry-level performance. This combination creates […]