Once you get past founder problems – assuming you can, and founders do change their spots – what matters for a company’s thousands of minority investors and the day-to-day share price is succession.
Who or what are they buying for the long term? A Richard White or Chris Ellison may have made great companies and made those longer-term minority shareholders 10, 20 or 30 times their money, but what’s the long-term plan?
Loading...
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
