Ladd Hirsch

Jan 14, 2025 | jdsupra.com | Ladd Hirsch

In recent years, the headlines have tracked the news of high-profile breakups among business partners in private companies. These business partner fallouts include: 2023: Sam Altman was ousted as Open AI CEO (for less than three days) before he was brought back in a dramatic return to the company where he remains today. 2022, Republic First Bank CEO Vernon Hill resigned after a power struggle with insiders that lasted for months, including with the bank’s founder, Harry Madonna.

Jan 13, 2025 | natlawreview.com | Ladd Hirsch

In recent years, the headlines have tracked the news of high-profile breakups among business partners in private companies. These business partner fallouts include:2023: Sam Altman was ousted as Open AI CEO (for less than three days) before he was brought back in a dramatic return to the company where he remains today. 2022, Republic First Bank CEO Vernon Hill resigned after a power struggle with insiders that lasted for months, including with the bank’s founder, Harry Madonna.

Dec 17, 2024 | jdsupra.com | Ladd Hirsch

Investments in private companies should continue to flourish in 2025 in light of the revenue and EBITDA growth they delivered this year, and this rosy financial outlook is also confirmed by company leaders. According to a KPMG report in September, 90% of leaders they surveyed in U.S. private companies reported strong optimism about their future growth prospects. For investors, the private company sector remains attractive, but these are not risk-free opportunities.

Dec 10, 2024 | jdsupra.com | Ladd Hirsch

Delaware Chancellor Kathaleen McCormick held again last week that the pay package that Tesla’s board of directors awarded to Elon Musk in 2018 suffers from “fatal flaws,” and it was therefore rejected.

Nov 19, 2024 | jdsupra.com | Ladd Hirsch

Majority owners of private companies are empowered to exercise control over their businesses, but if they disregard the valid concerns of their minority partners, they may sow the seeds for a divisive business divorce in the future. The typical business owner is focused, decisive and driven to succeed.