Brosens: Taconic founders capped equity below 20% and zero out upon retirement
Frank Brosens · Frank Brosens – Culture and Partnership at Taconic Capital (Capital Allocators, EP.282) · Nov 21, 2022 · at 31:17
Taconic Capital co-founder Frank Brosens discusses how Taconic structured founder equity and succession to attract and retain investment talent.
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“Neither Ken nor I really right from the start took as much as 20% of the economics. There was a large percentage of economics available for the people that really drove the profitability. In addition, they knew that when Ken and I eventually retired, our economic stakes would go to zero and they would effectively inherit the firm.”
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