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I'm working on a project for a media company with a massive photo library. They routinely get notices about infringing on image licenses with significant fees attached. There's a p…

Cheap debt and steady economic growth has made it easy for bad actors to fly under the radar. That may change if there’s a prolonged economic downturn. https://www.cnbc.com/2022/07…

Don’t commit financial crimes. Ever. It’s not worth it. Losing everything you own and your reputation is better than spending a meaningful chunk of your life in federal prison. Bur…

> If you accept for a moment that there is de facto discrimination arising from the actions of private actors, and you believe that this is a net negative for society, how would yo…

Yes, Excel spreadsheets frequently contain errors that are hard to spot. Sometimes those errors end people’s careers and damage companies. Tools like Quantrix that use multi-dimens…

This is ultimately a cultural challenge, not an analytical challenge. You don't win cultural battles with intellectual debate, rigorous analysis, or facts. You win cultural battles…

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Incentives matter and PEGs want companies to grow significantly over the life of their investment. The biggest reward comes from the future sale after you’ve increased the enterpri…

I agreed with what you were saying and updated my previous comment for clarity.

I agree. Considering the complexity within organizations, imagine pleading your case to a couple of Stanford MBAs that are 1) incredibly smart, 2) operate in a PE culture that rewa…

> I just couldn't understand why the managers and other people in leadership positions stuck around. Money. Investors typically carve out equity to retain key personnel (i.e., mana…

>> Having dealt with 2 PE exists, rarely is the proposal something as upfront and silly as slash everyones pay. Agreed, but a gradual erosion can occur over the course of several y…

They do understand that cutting costs will have an impact on culture and morale, they just think the marginal benefit exceeds the marginal cost. Keep in mind, PEG managers are chas…

Quick story: I was the CFO for a company that sold to a private equity group (PEG). I took over as the CEO as the founders retired, leaving me to deal with the PEG. It quickly beca…