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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...
Nudist sadistic parlour genital piercing
  09/25/18
tell him to start showing up to work wearing high heels and ...
Hateful Stubborn Lay Pervert
  09/25/18
...
Coiffed stirring legend
  09/25/18
"visibly queer"
Balding electric furnace nursing home
  09/25/18
...
Exciting Potus
  09/26/18
Isn't there age discrimination stuff if he is that old? ...
crimson exhilarant home
  09/25/18
I think age discrimination would be his best bet but I also ...
Nudist sadistic parlour genital piercing
  09/25/18
I would anticipate he gets offered a pretty generous severan...
Balding electric furnace nursing home
  09/25/18
tell him to reply-all to the new CEO's form email welcoming ...
Mind-boggling Church Knife
  09/25/18
...
Razzle-dazzle maroon stead
  09/25/18
first, he's planning to work until well into his 70s
Wine zippy people who are hurt boiling water
  09/25/18
right, laying him off now would effectively end his career w...
Nudist sadistic parlour genital piercing
  09/25/18
maybe I'm not being clear. he was planning *wink wink* to w...
Wine zippy people who are hurt boiling water
  09/25/18
yes, I know. Until 78, at least. He feels like he's just h...
Nudist sadistic parlour genital piercing
  09/25/18
U seem a lil slow on the uptake bro
trip indirect expression
  09/25/18
(guy looking in the mirror, talking to himself)
Nudist sadistic parlour genital piercing
  09/25/18
...
Mahogany Useless Office Regret
  09/25/18
...
Lake maniacal goal in life
  09/25/18
Send an e-mail to someone high-up using the phrase "ADE...
Misanthropic Arousing Location Wrinkle
  09/25/18
if they know he's that close to retirement they'll probably ...
gay trailer park coldplay fan
  09/25/18
He’s gonna get paid to retire early. His company ought to h...
Buff pisswyrm theater
  09/25/18
This is my take too. They will incentivize someone like him...
Nudist sadistic parlour genital piercing
  09/25/18
i don't understand this. why does he need to be offered anyt...
Cheese-eating green organic girlfriend
  09/25/18
The acquiring company axes 150 people and tells them to fuck...
Nudist sadistic parlour genital piercing
  09/25/18
Change of Control plans are 180.
Buff pisswyrm theater
  09/25/18
Leave the law firm, start an LBO firm with two partners: a f...
Lake maniacal goal in life
  09/25/18
...
Jet Mexican Station
  09/25/18
...
Cerebral dragon
  09/25/18
wow holy shit ty
Nudist sadistic parlour genital piercing
  09/25/18
Report back on progress.
Buff pisswyrm theater
  09/25/18
...
Lake maniacal goal in life
  09/25/18
...
Buff pisswyrm theater
  09/25/18
...
Learning disabled laughsome ceo corner
  09/25/18
...
underhanded titillating new version
  09/25/18
I see no obstacles to this plan tbh
boyish filthy stage twinkling uncleanness
  09/25/18
find a PE sponsor to buy the company after using your dad's ...
orange bossy rehab famous landscape painting
  09/25/18
180
Tan Indian Lodge
  09/26/18
Maybe he should oh I don’t know work a non useless job? Fuck...
Magical toaster
  09/25/18
Too late for that
Mahogany Useless Office Regret
  09/25/18
No he's fucked. Nobody wants legacy employees lthat arent lo...
Marvelous striped hyena plaza
  09/25/18
Sometimes these scenarios lead to cushy consulting/part-time...
Awkward Set Water Buffalo
  09/25/18


Poast new message in this thread



Reply Favorite

Date: September 25th, 2018 10:16 AM
Author: Nudist sadistic parlour genital piercing

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: Hateful Stubborn Lay Pervert

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: Coiffed stirring legend



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



Reply Favorite

Date: September 25th, 2018 10:22 AM
Author: Balding electric furnace nursing home

"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: Exciting Potus



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



Reply Favorite

Date: September 25th, 2018 10:19 AM
Author: crimson exhilarant home

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: Nudist sadistic parlour genital piercing

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: Balding electric furnace nursing home

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: Mind-boggling Church Knife

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: Razzle-dazzle maroon stead



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



Reply Favorite

Date: September 25th, 2018 10:21 AM
Author: Wine zippy people who are hurt boiling water

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: Nudist sadistic parlour genital piercing

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: Wine zippy people who are hurt boiling water

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: Nudist sadistic parlour genital piercing

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: trip indirect expression

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: Nudist sadistic parlour genital piercing

(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: Mahogany Useless Office Regret



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



Reply Favorite

Date: September 25th, 2018 1:57 PM
Author: Lake maniacal goal in life



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



Reply Favorite

Date: September 25th, 2018 10:21 AM
Author: Misanthropic Arousing Location Wrinkle

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: gay trailer park coldplay fan

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: Buff pisswyrm theater

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: Nudist sadistic parlour genital piercing

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: Cheese-eating green organic girlfriend

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: Nudist sadistic parlour genital piercing

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: Buff pisswyrm theater

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: Lake maniacal goal in life

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: Jet Mexican Station



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



Reply Favorite

Date: September 25th, 2018 10:50 AM
Author: Cerebral dragon



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



Reply Favorite

Date: September 25th, 2018 10:59 AM
Author: Nudist sadistic parlour genital piercing

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: Buff pisswyrm theater

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: Lake maniacal goal in life



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



Reply Favorite

Date: September 25th, 2018 11:08 AM
Author: Buff pisswyrm theater



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



Reply Favorite

Date: September 25th, 2018 12:05 PM
Author: Learning disabled laughsome ceo corner



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



Reply Favorite

Date: September 25th, 2018 12:06 PM
Author: underhanded titillating new version



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



Reply Favorite

Date: September 25th, 2018 12:09 PM
Author: boyish filthy stage twinkling uncleanness

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: orange bossy rehab famous landscape painting

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: Tan Indian Lodge

180

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



Reply Favorite

Date: September 25th, 2018 11:55 AM
Author: Magical toaster

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: Mahogany Useless Office Regret

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: Marvelous striped hyena plaza

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: Awkward Set Water Buffalo

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)