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Jason Tan Boon Teck's thoughts
Wednesday, 4 August 2004
MBO
Mood:  celebratory
Management Buy Out - not Management By Objective.

MBO is the way to progress personally. This is where the top management takes over the ownership of the company from the current shareholders - essentially making the company their own.

It beats having to start up a company with all its accompanying risks, from scratch. It is motivating because one is no longer busting their ass for someone else. One's efforts is for ownself.

This has always been my strategy but I never expected it to happen to me so soon. I'm only 33 years young. :-)

But, I've been working for 15 years. So, I guess I've earned it.

Posted by tanboonteck at 9:34 PM JST
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