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I think it's totally appropriate to hold it against them if they knowingly sell out to scumbags. Society used to look down on selling out. We wrote songs abou
by pelotron 4mo ago
I think it's totally appropriate to hold it against them if they knowingly sell out to scumbags. Society used to look down on selling out. We wrote songs about it. But in 2026 it is glorified.
- pizzafeelsright 4mo agoYou're 55, making $400k a year as a HVAC Repair Company, and while you love the business and your kids are in expensive colleges (not taking over the business) you are offered $8MM to sell. Instant retirement. A buy out isn't the same as selling out because people live off of cash and not principal.
- pelotron 4mo agoAt the end of the day it comes down to how much money your principles are worth. People are commenting about dentists and doctors being bought out. Those strike me as the kind of people that can afford retirement without also contributing to the worsening of society.
- AuthAuth 4mo agoIt should be illegal to sell your business. You grow it and when you die its goes with you. You can sell off the assets if there are any.
- pizzafeelsright 4mo agoWhat is business? Assets? Relationships? Contracts? Market share? The entire stock market is selling floating points of imaginary numbers.
- itake 4mo agoWhat do you think they should do? Who are they holding out for and for how long can they hold out? Retirement is a financial situation and an age. Do they shutdown the business when they are too old to function as an owner? My friend's parent's local services company shutdown when they didn't find a buyer. A business limping under interest payments IMHO is better than a complete shutdown.