Wealth or control: which do entrepreneurs want most?
As shareholders in Auckland International Airport ponder whether or not to sell their shares to Canada Pensions, and Canada Pensions meanwhile pledges if successful to retain an ownership stake up to forty percent but to sell down its voting rights to 24.9% -- and ministers David Parker and Clayton Cosgrove ponder whether or not to make these voluntary decisions moot by dropping the hammer on shareholders and buyers alike -- it's worth taking the opportunity ourselves to ponder the difference that entrepreneurs see between ownership and control. As Stephen Hicks summarises:
What do entrepreneurs want most: wealth or control? Professor Noam Wasserman, of the Entrepreneurial Management unit at Harvard Business School, looks at some of the difficult choices entrepreneurs make.
Labels: Airport Sale