25 Dec Is It Easier to Fix My Business if I’m a Private C
Is It Easier to Fix My Business if I’m a Private Company?Tooele Company is publicly traded. However, its chief executive officer (CEO), Kara Brown, is considering taking the company private in a leveraged buyout (LBO). One of the primary motivations for the LBO is dissatisfaction with the amount of time Kara must spend each quarter giving guidance to analysts about what reported earnings will be, meeting with the accounting staff to see whether the company will meet its earnings targets, and then explaining the reported quarterly results to the business press. Comment on Kara’s motivation for taking Tooele Company private.