Mingus Dew
Microphone Assassin
- Oct 7, 2013
- 5,587
- 4,144
Why should 10% of ownership dictate the roster? If they're being unreasonable, Andlauer should tell them to pound sand.
They don’t dictate shit, they block major decisions that require unanimous approval of the partners.
For example, let’s say Andlauer wants to give the entirety of the CTC’s concession business to a brand new startup that Andlauer happens to own 100% of. Would the minority partners have to just accept that? Or would they maybe have to approve affiliate transactions where there is a conflict of interest?
It depends what the documents say of course, but these are the types of rights that minority partners usually negotiate for.