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by dcolkitt 1872 days ago
Counterpoint: Other investors have as much incentive to maximize the value of the company as I do. Besides ego, why should I care if someone is brought in who can do a better job. I still get to keep all my shares, and don’t even have to show up to work anymore.
2 comments

> I still get to keep all my shares

That often isn’t the case. I personally know of situations where CEOs were pushed out and recapped to effectively little.

Zuck in the Verge article discussed how much pressure there was to sell to Yahoo for 1B. For an average start-up, it might be being pushed to sell for, say, someM when you could wait and chance on 10xsomeM if you had the votes.