Black: Asset management succession requires founders to accept a significant haircut
Paul Black · Paul Black and Mike Trigg – How to Build a $100B Money Manager (Capital Allocators, EP.227) · Dec 20, 2021 · at 53:40
Paul Black, co-CEO of WCM Investment Management, explains WCM's philosophy on generational equity transitions and avoiding debt burdens for successor partners.
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“What we concluded is the best way to transition wealth is the founders have to be generous. The founders ultimately have to take a significant haircut in order to make sure that the company continues to prosper.”
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