Comment Re:No sobbing here. (Score 3, Insightful) 39
I've spent much of my life working for small or mid-sized companies. I left one such company (on good terms) shortly before the owner/CEO passed away. He had always had a plan to keep the business going by making it a partnership in thirds. His vice president had a chunk of the company and their bookkeeper held the last third. He held out from selling out to a larger business that expressed interest in merging, when he figured out they really only wanted our customer list. Most of our employees would be on the chopping block. Sadly, his VP developed Alzheimer's right around the time the owner died, and the bookkeeper didn't really have the interest in owning/running the whole company on her own. So they're no longer around.
I'm also working, now, for one where the owner decided he wanted to retire. In his case, he sold to Private Equity, but only after being "sold" on the idea it was a good match for our business. (Supposedly, this was a firm who was very selective who they bought out, and had similar goals to expand the business, etc. etc.)
So far, it's shaping up to be every bit as bad as people always warn. I'm looking for an exit. Yes, they're trying to merge with several other companies and "grow", but it's all being done with zero interest in spending on more labor for people doing the computer support required to keep it all going. They're also floating some ideas to convert one company they're buying to operate exactly like ours does, and I can already see reasons that's a bad idea.