Acquirer Lost Almost All Senior Management Despite Non-Competes
Sherry Shannon-Vanstone · They Gave Her Responsibility Without Authority - She Saw It Coming · Sep 19, 2023 · at 27:23
Sherry Shannon-Vanstone recounts the post-acquisition retention failure at her company after selling to a German corporate buyer.
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“They paid cash for my company. They kept my people, but they eventually lost most of the senior, almost all senior management over about two years. Even though we had non-competes, we had all this, they tried to tie us up and so we couldn't leave.”
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