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Dad's company being bought out - any tips to protect himself/leverage a better s

everance? Dad is 64 and planned to work for 21 more month...
Adventurous Macaca Cuckoldry
  09/25/18
tell him to start showing up to work wearing high heels and ...
dull windowlicker
  09/25/18
...
harsh dragon
  09/25/18
"visibly queer"
provocative brindle senate
  09/25/18
...
bat shit crazy sweet tailpipe site
  09/26/18
Isn't there age discrimination stuff if he is that old? ...
multi-colored massive theater stage
  09/25/18
I think age discrimination would be his best bet but I also ...
Adventurous Macaca Cuckoldry
  09/25/18
I would anticipate he gets offered a pretty generous severan...
provocative brindle senate
  09/25/18
tell him to reply-all to the new CEO's form email welcoming ...
Ebony locale preventive strike
  09/25/18
...
hilarious swollen background story son of senegal
  09/25/18
first, he's planning to work until well into his 70s
Underhanded tripping old irish cottage
  09/25/18
right, laying him off now would effectively end his career w...
Adventurous Macaca Cuckoldry
  09/25/18
maybe I'm not being clear. he was planning *wink wink* to w...
Underhanded tripping old irish cottage
  09/25/18
yes, I know. Until 78, at least. He feels like he's just h...
Adventurous Macaca Cuckoldry
  09/25/18
U seem a lil slow on the uptake bro
vigorous khaki temple sandwich
  09/25/18
(guy looking in the mirror, talking to himself)
Adventurous Macaca Cuckoldry
  09/25/18
...
slippery mentally impaired boiling water indian lodge
  09/25/18
...
Vivacious Jew Fanboi
  09/25/18
Send an e-mail to someone high-up using the phrase "ADE...
misunderstood set therapy
  09/25/18
if they know he's that close to retirement they'll probably ...
brilliant step-uncle's house
  09/25/18
He’s gonna get paid to retire early. His company ought to h...
amethyst stirring church
  09/25/18
This is my take too. They will incentivize someone like him...
Adventurous Macaca Cuckoldry
  09/25/18
i don't understand this. why does he need to be offered anyt...
histrionic useless brakes library
  09/25/18
The acquiring company axes 150 people and tells them to fuck...
Adventurous Macaca Cuckoldry
  09/25/18
Change of Control plans are 180.
amethyst stirring church
  09/25/18
Leave the law firm, start an LBO firm with two partners: a f...
Vivacious Jew Fanboi
  09/25/18
...
chestnut passionate chapel
  09/25/18
...
curious mad-dog skullcap
  09/25/18
wow holy shit ty
Adventurous Macaca Cuckoldry
  09/25/18
Report back on progress.
amethyst stirring church
  09/25/18
...
Vivacious Jew Fanboi
  09/25/18
...
amethyst stirring church
  09/25/18
...
Ocher spectacular theatre immigrant
  09/25/18
...
vibrant cerise corner pistol
  09/25/18
I see no obstacles to this plan tbh
Misanthropic dilemma goal in life
  09/25/18
find a PE sponsor to buy the company after using your dad's ...
Internet-worthy mental disorder
  09/25/18
180
Beady-eyed Volcanic Crater Clown
  09/26/18
Maybe he should oh I don’t know work a non useless job? Fuck...
aromatic self-absorbed stag film
  09/25/18
Too late for that
slippery mentally impaired boiling water indian lodge
  09/25/18
No he's fucked. Nobody wants legacy employees lthat arent lo...
exciting dark whorehouse
  09/25/18
Sometimes these scenarios lead to cushy consulting/part-time...
chocolate thriller station
  09/25/18


Poast new message in this thread



Reply Favorite

Date: September 25th, 2018 10:16 AM
Author: Adventurous Macaca Cuckoldry

everance?

Dad is 64 and planned to work for 21 more months until 66. He is well-rated and has not had any disciplinary issues. Been at this company 6 years. Company being bought has a lot of money as does company acquiring. He is in a department that has a high likelihood of being determined redundant.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883876)



Reply Favorite

Date: September 25th, 2018 10:18 AM
Author: dull windowlicker

tell him to start showing up to work wearing high heels and lipstick.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883891)



Reply Favorite

Date: September 25th, 2018 10:19 AM
Author: harsh dragon



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883897)



Reply Favorite

Date: September 25th, 2018 10:22 AM
Author: provocative brindle senate

"visibly queer"

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883927)



Reply Favorite

Date: September 26th, 2018 1:10 AM
Author: bat shit crazy sweet tailpipe site



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36890495)



Reply Favorite

Date: September 25th, 2018 10:19 AM
Author: multi-colored massive theater stage

Isn't there age discrimination stuff if he is that old?

Also ljl at your dads wage cuck life.

Imagine being "rated" as a 60 something

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883899)



Reply Favorite

Date: September 25th, 2018 10:21 AM
Author: Adventurous Macaca Cuckoldry

I think age discrimination would be his best bet but I also feel like it would be harder to make a credible accusation of this when the company is being bought and there are mass layoffs. At the same time I feel like the acquiring company has a budget for making shit like this just go away quickly. But I'm not an expert in this area.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883914)



Reply Favorite

Date: September 25th, 2018 10:23 AM
Author: provocative brindle senate

I would anticipate he gets offered a pretty generous severance package if he's old and getting laid off.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883932)



Reply Favorite

Date: September 25th, 2018 10:20 AM
Author: Ebony locale preventive strike

tell him to reply-all to the new CEO's form email welcoming everyone to the new team:

"im gay and trans btw"

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883906)



Reply Favorite

Date: September 25th, 2018 11:55 AM
Author: hilarious swollen background story son of senegal



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884559)



Reply Favorite

Date: September 25th, 2018 10:21 AM
Author: Underhanded tripping old irish cottage

first, he's planning to work until well into his 70s

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883918)



Reply Favorite

Date: September 25th, 2018 10:22 AM
Author: Adventurous Macaca Cuckoldry

right, laying him off now would effectively end his career when he had planned to work until 70 at least.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883925)



Reply Favorite

Date: September 25th, 2018 10:23 AM
Author: Underhanded tripping old irish cottage

maybe I'm not being clear. he was planning *wink wink* to work *wink wink* until well into his seventies

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883935)



Reply Favorite

Date: September 25th, 2018 10:24 AM
Author: Adventurous Macaca Cuckoldry

yes, I know. Until 78, at least. He feels like he's just hitting his stride.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883940)



Reply Favorite

Date: September 25th, 2018 10:44 AM
Author: vigorous khaki temple sandwich

U seem a lil slow on the uptake bro

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884061)



Reply Favorite

Date: September 25th, 2018 10:56 AM
Author: Adventurous Macaca Cuckoldry

(guy looking in the mirror, talking to himself)

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884119)



Reply Favorite

Date: September 25th, 2018 12:08 PM
Author: slippery mentally impaired boiling water indian lodge



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884668)



Reply Favorite

Date: September 25th, 2018 1:57 PM
Author: Vivacious Jew Fanboi



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36885552)



Reply Favorite

Date: September 25th, 2018 10:21 AM
Author: misunderstood set therapy

Send an e-mail to someone high-up using the phrase "ADEA" and mentioning that he is over 40. BCC himself or print a copy. Not legal advice.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883920)



Reply Favorite

Date: September 25th, 2018 10:24 AM
Author: brilliant step-uncle's house

if they know he's that close to retirement they'll probably just let him ride it out. company buyouts don't get done overnight anyways so he may be ready to retire by the time they start axing people.

it's 57 year old middle managers with bloated salaries and a good number of years to retirement who get fucked over in these situations.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883938)



Reply Favorite

Date: September 25th, 2018 10:31 AM
Author: amethyst stirring church

He’s gonna get paid to retire early. His company ought to have a change in control plan and generous severance is baked into the acquirer’s costs. Do not do any of the protected status stuff people are talking about as it will backfire. Unless he really is a tranny.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883973)



Reply Favorite

Date: September 25th, 2018 10:57 AM
Author: Adventurous Macaca Cuckoldry

This is my take too. They will incentivize someone like him because they don't need 100 lawsuits getting filed even.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884122)



Reply Favorite

Date: September 25th, 2018 10:33 AM
Author: histrionic useless brakes library

i don't understand this. why does he need to be offered anything? why can't they just axe the dead weight?

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36883989)



Reply Favorite

Date: September 25th, 2018 10:59 AM
Author: Adventurous Macaca Cuckoldry

The acquiring company axes 150 people and tells them to fuck off, and 100 of them file lawsuits, costing 10x more in legal fees and exposing the company to prolonged liability and possible negative press. Is that really a good outcome?

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884123)



Reply Favorite

Date: September 25th, 2018 11:07 AM
Author: amethyst stirring church

Change of Control plans are 180.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884158)



Reply Favorite

Date: September 25th, 2018 10:42 AM
Author: Vivacious Jew Fanboi

Leave the law firm, start an LBO firm with two partners: a former banker/PE mid-level and an entrepreneur. Place an unsolicited competing (higher) bid, using the two other partners as the face of the organization. Use your dad as a source of inside information. Get the deal under LOI with a 60 day diligence period, which may be enough to kill the existing deal. While the deal is under LOI, raise one-off capital from family offices and of course line up bank debt. Execute an alternative plan of reorganization that not only keeps your father employed, but promotes him to senior management and grants him significant equity incentives. When he is ready to retire, terminate him without cause and pay a healthy severance. Then sell the company during Trump's second term into a roaring economy. Retire to join your dad in the greatest years of both of your lives.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884044)



Reply Favorite

Date: September 25th, 2018 10:46 AM
Author: chestnut passionate chapel



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884072)



Reply Favorite

Date: September 25th, 2018 10:50 AM
Author: curious mad-dog skullcap



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884094)



Reply Favorite

Date: September 25th, 2018 10:59 AM
Author: Adventurous Macaca Cuckoldry

wow holy shit ty

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884125)



Reply Favorite

Date: September 25th, 2018 11:08 AM
Author: amethyst stirring church

Report back on progress.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884163)



Reply Favorite

Date: September 25th, 2018 12:53 PM
Author: Vivacious Jew Fanboi



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36885025)



Reply Favorite

Date: September 25th, 2018 11:08 AM
Author: amethyst stirring church



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884161)



Reply Favorite

Date: September 25th, 2018 12:05 PM
Author: Ocher spectacular theatre immigrant



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884647)



Reply Favorite

Date: September 25th, 2018 12:06 PM
Author: vibrant cerise corner pistol



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884654)



Reply Favorite

Date: September 25th, 2018 12:09 PM
Author: Misanthropic dilemma goal in life

I see no obstacles to this plan tbh

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884681)



Reply Favorite

Date: September 25th, 2018 2:11 PM
Author: Internet-worthy mental disorder

find a PE sponsor to buy the company after using your dad's position to extract union concessions and hatching a plan to raid the overfunded pension.

After you close, market the assets and dissolve the company, lay off the workers including your dad, and access the cash in the overfunded pension.



(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36885674)



Reply Favorite

Date: September 26th, 2018 1:30 AM
Author: Beady-eyed Volcanic Crater Clown

180

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36890535)



Reply Favorite

Date: September 25th, 2018 11:55 AM
Author: aromatic self-absorbed stag film

Maybe he should oh I don’t know work a non useless job? Fucking boomers

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884552)



Reply Favorite

Date: September 25th, 2018 12:09 PM
Author: slippery mentally impaired boiling water indian lodge

Too late for that

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884685)



Reply Favorite

Date: September 25th, 2018 12:12 PM
Author: exciting dark whorehouse

No he's fucked. Nobody wants legacy employees lthat arent loyal to new management

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36884705)



Reply Favorite

Date: September 25th, 2018 11:49 PM
Author: chocolate thriller station

Sometimes these scenarios lead to cushy consulting/part-time work. This is the best way to glide into retirement and avoid tapping retirement assets too quickly. Is there shit he knows that not too many other people at the company know and that will not be comprehensible or manageable for the buyer's people?

If so, now is the time to start setting up anyone around him to quit voluntarily or look like dispensable morons to the buyer and get shitcanned. Stop training underlings and tell them war stories about everyone who got fired the last time there was an acquisition. Write them glowing letters of recommendation and terrible internal reviews. Stop ccing anyone on emails involving the buyer or any members of senior management who might stay. Be the guy who knows how to fix ABC or find XYZ without looping in 12 other people.

Every company has old guys like this who coast by on "only Steve knows how to reconcile this weird specialized accounting we need for a state regulator/patch this code written in 1995/find the files that he sorted terribly." Ideally they work 4 hours per week from home but get paid for 20 because no one knows what they do and everyone is terrified to find out.

(http://www.autoadmit.com/thread.php?thread_id=4086995&forum_id=2#36890109)