Another question from Gregory Stock’s book is this:
If, to escape financial ruin, your company were reorganized and you were let go, what severance pay would you feel entitled to?
If my company faced certain financial ruin, I would simply sell it.
There is no way I would hold on to a company, only to allow it to be reorganized and controlled by someone else. Because I would still be responsible for what ethical violations might transpire under the new leadership.
There is a saying:
The devil you know is better than the devil you don’t know.
As a business owner in control of my business, I would know myself.
But as the owner of a business controlled by someone else, I wouldn’t know him or her.
The devil you know (yourself) is better than the devil you don’t know (someone else).