I dont blame CEO - I dont think his purpose is evil. I just think its misguided. The ones selling him the bill of goods are the ones showing him the money. They want as much control as they can get. He wants the money. He is trying to get negotiate the best deal for shareholders. He has some seasoned parties across the table.
The only even possible negative I could say about CEO- IMO is he is going after conveience (getting the money from outside) From from substance(getting the money from prosperity within). There is room for both, just not this much imbalance.
That's why its important for current investors to keep this front and center. We are the third factor in the negotiation. If we say No, the bill of goods dont get bought.
IMO Substance VS Conveinence- Substance wins in the longterm.
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