In a real-life case of adding insult to financial injury, companies harmed by the disloyal actions of their former partners, officers, managers or employees (the “former insiders”) may also have to pay their legal fees when the company sues them to recover for their misconduct. In this situation, if the company’s governance documents (and specific
When longtime business partners in private companies go through a business divorce, emotions often run high. One or both of the partners may be seeking a “revenge premium” in the business divorce process based on their perceived mistreatment by the other partner during their time together. While the urge to extract a pound of flesh
— From Alice’s conversation with Cheshire Cat from Lewis Carroll’s Alice in Wonderland“If you don’t know where you’re going, any road will take you there.”
For business owners intently focused on growing their private companies, it may seem like a waste of time for them to answer how they define success. They may even view