4min chapter

In The Trenches cover image

The Private Equity Perspective on Acquiring, Operating, and Selling Software Companies

In The Trenches

CHAPTER

The Importance of Board Decisions

The best PE firms in the world, they try not to micromanage. I think keeping it to the most important, highest level decisions is where a board should get involved. Sensation can be a board decision, but again, not micro. If you're going to hire an SVP of something, hey, you can pay them anywhere from X to Y. Within that range, you have full autonomy to do it. It's just that should kind of rise to the board.

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