2min chapter

Behind the Bastards cover image

It Could Happen Here Weekly 14

Behind the Bastards

CHAPTER

Is There a Way to Buy a Company?

In the 19 eighties, finance people started to look at this and go, wait, hald on, why are we not running things? They have a sort of new liberal ideology. And so michael milkin, he figures out hard to do this thing called aleve buy out option. He buys 51 percnt of the company. If you own 50 on eret f the company, now ou control, you have control interest. The other part of this agreement basically had been that, like, thete the high level finance class had sort of stayed out of the way of management.

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