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Perspective

My column last week commenting on the human impact of the Blackstone buyout of Equity Office certainly hit a nerve with a lot of people.  I received an inbox full of emails from individuals appalled that these deals typically display little concern for “the troops.”  No one suggested that these mergers shouldn’t happen, but they felt that it isn’t reasonable, or fair, that the executive team receive big cash payments, acceleration of stock and other rewards while the bulk of the organization presumably receives no consideration.  One writer suggested a trickle-down award for the rest of the team, some cash payment or stock, for helping to build a newly bought company. The writer argued that, “it would be a drop in the bucket compared to the size of these deals, and the right thing to do.”

Tony LoPinto is CEO of Equinox Partners, an executive search firm specializing in the real estate industry, and parent company of SelectLeaders. The views expressed in this article are the author’s own.

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