Monthly Archives: September 2017

Internal Transfers: Legacy vs. Lucre

Posted on September 13, 2017 by John F. Dini

Lifestyle vs. Legacy Why would I refer to the results of an internal transfer as “lifestyle vs. lucre?” Lucre is a pejorative term. While it is technically just a synonym for money, most dictionaries draw the parallel to its use in … Continue reading →

Posted in Entrepreneurship, Exit Options, Exit Planning, Exit Strategies, Leadership, Management | Tagged , , , , , , , , , , , , , , , , | 2 Comments

2 Responses to Internal Transfers: Legacy vs. Lucre

  1. Edward Lette says:
    September 13, 2017 at 5:43 pm

    John,
    I have seen this happen in leveraged ESOP transactions which is so sad.

    Reply
    • John F. Dini says:
      September 14, 2017 at 6:28 am

      Yes Ed, That’s clearly why the Department of Labor is so much more likely to find issues in ESOPs where an employee is the trustee. It is often a warning sign of influence on valuation by the seller.

      Reply

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