Maximizing Your Cash in an IPO or Exit
Most business operators, when pursuing an initial public offering or exit, tend to focus relentlessly on achieving that goal for the business enterprise as a whole. They assume that their personal ability to tap their share of liquidity will naturally fall out of a well-executed transaction — sort of a “rising tide will lift all boats” philosophy. Unfortunately, that’s often just not good enough. Many key founders and executives lose significant personal value due to an insufficient focus on tactics for maximizing their own wealth after tax. This article will survey some typical foot faults.
Joseph Comeau is a Managing Director in the Boston office of WTAS. Raymond Thornson is a Managing Director in the San Francisco and Palo Alto, CA offices of WTAS.
The Deal (July 15, 2011)
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