How The Business Deals in Succession Actually Work

[@HowMoneyWorks]

Use my link shop.ekster.com/howmoneyworks or code MONEY to get 35% discount from 02/15-04/24 for Ekster’s Anniversary Sale.

[@hansolowe19]

Succession is pronounced like success with ion at the end, not like secession, which has just one c in the middle. Just a heads up. 👍

[@lifeofuqi]

Let's not forget that Connor Roy was interested in politics at a very young age

[@ThomasZickell]

he’s also the eldest son

[@Zynbabwe902]

@@ThomasZickell no thats kendall - Kendall roy

[@twiss9341]

Haha this meme reminds me of how Bungee Gum has the properties of both rubber and gum

[@Culdesec]

You’re not funny

[@Themanbearpig1983]

⁠@@ThomasZickelland Lester was a man and now he is dead and we are sad

[@utomocalvin]

If people understand the econs, Logan decision to tell the kids to "stop playing toy soldiers" with a publicly traded company and "make your own pile" with the pile received from selling Waystar to the eccentric tech billionaire at a significant premium was a good decision fiduciary-ly to the shareholders.

[@will_dir]

Best series ever created, an absolute masterpiece. Also kind of funny that AT&T which owns CNN, a competitor to Fox Corp and owns HBO made this about their competition even though both conglomerates are guilty of what’s portrayed

[@sonicextremities9570]

It's mainly bc of Rupert Murdoch. He's a very unique figure and there isn't anyone quite like him (or his family) in the AT&T or Warner or Discovery side of things. David Milch also had plans to make a show based on the Murdochs (intended moreso to be a drama) for HBO but it fell through. Idea came up again to form the basis of Succession after being proposed by Jesse Armstrong.

[@chumplafayette9561]

AT&T no longer "owns" CNN or HBO. Warner Bros Discovery owns them. WBD is a mega corp now all on its own, with numerous private companies holding stock, but the majority shareholder now is Advanced Publications.

[@anony-mousse8487]

It's very unique. It's kind of a very unlikeable show. And yet its so enjoyable. A truly unique phenomenon.

[@Pantsinabucket]

Yeah but Murdoch is a fairly unique case, and we see this power struggle in the show that isn’t exactly happening with the Redstone family (ViacomCBS), who the Pierces are clearly based off of.

[@sonicextremities9570]

@@Pantsinabucket Wow didn't really pick up on that but that makes a ton of sense lol. Was trying to figure out who the pierces would be

[@YourBlackLocal]

It’s fascinating how you don’t have to know any of this and the drama still hits the same.

[@Mpdarkguy]

Power dynamics and social hierarchies seem like the low level social stuff that everyone gets to an extent by default

[@wxwxwxwx97]

😅

[@StackerBA]

"All the characters are terrible people" is so true haha.

[@raymeester7883]

That's the point.

[@cbushin]

That makes the show a lot like so many other shows. It is like Malcolm in the Middle, Married With Children, Girls, Seinfeld, Arrested Development, Everybody Loves Raymond, and Game of Thrones.

[@BadBob18]

I found a very subtle, but very believable aspect of this show's writing/acting that makes the show highly believable: the stuttering, ummms, uhhhhs, and ahhhsss of Logan Roy's kids. They deliver their lines in way that show they are not sure if themselves. They are scared of their dad. It totally sets this apart from anything else on tv. Watch the show with subtitles and it will be way more pronounced.

[@turtleanton6539]

Indeed

[@thecapone45]

Yes!! That’s something that I look for in dramas and almost never see. The Umms are how 99% of people speak and virtually 1% of the way people in dramas speak. Just a small pet peeve.

[@MLGProTroller]

Not just the Roy children, but everyone else too. I noticed that as well. It’s great writing as they feel like real people who don’t always have the answers and aren’t so fluid in their speech even though they have access to some of the best education on the planet.

[@TheLorsx]

Just as a side note: The mother of Connor is mentioned once by Roman where he makes fun about the fact that she was "crazy" and ended up in an asylum

[@chisomo8088]

Oh wow, totally missed that

[@kvm6]

Or in s4e3, where story is fully explained by Ken

[@TheLorsx]

@@kvm6 this was prior to s4 being released

[@Chuckichanly]

Oh yeah the cake story in Connor's wedding

[@alexman378]

The interesting thing is, Connor is the least respected of the children, and yet he’s the only one who went to do his own thing. Sure, it didn’t really work out, as most people could’ve predicted, but he went for it.

[@basedpatriotLT]

And? Doing your own thing because you can not make it in. Family things is not necessary a better thing

[@paisan8766]

Connor’s mom was mentioned. She was abused in like every way by Logan physically, too, and had mental health issues. She was like hauled off to an asylum in the early 80s or some shit

[@imirim]

But that's just it, they NEVER complete a deal. Nothing ever changes. "Succession" suggests that someone will eventually take over from Logan but I am not so sure that will happen. It's a bunch of people on the phone who are indecisive and in the process look to screw each other over. Yet I still watch it. I am hooked.

[@Parthoo]

That’s what turned me off. As someone from a family business I can tell you none of the kids of Logan are even fit to be janitors. There is no way Logan would ever give them any real power. It’s a wholly unrealistic show and I honestly don’t get the hype. Great acting and cinematography but the characters are badly written.

[@pipergenkin1688]

@@Parthoo but that's why the ending is so great... none of them are serious people and they reap the consequences with tom as ceo

[@Parthoo]

@@pipergenkin1688 Well it’s even more unrealistic if that’s what they want to show. In no world will a guy like Logan who’s built the business from the bottom even want these kids anywhere near the business. At multiple points of the show the kids are given massive responsibilities which they never earned nor did they even try. After a while it just gets boring and you can’t take any of them seriously. All said and done the writers have a bad understanding of how family business works and they more interested in portraying them as spoilt idiots rather than realistic family members who run businesses which can be a lot more dramatic and interesting. Like I said love the acting and cinematography but just a badly written script.

[@Doge_Of_Wallstreet]

Most families tend to lose their wealth within 3 generations. These fools are pretty accurate representation of into what, families started by great men devolve into.

[@ptrgr72]

is it really true, or is it just another made up statistic to make as "regular" people feel more satisfied with our own lives?

[@maxscott3349]

Good thing I was born and will die mediocre

[@AbdulGoodLooks]

@@maxscott3349 Can't lose what you never had.

[@rayden54]

Isn't a lot of that just math though? A rich guy has 2 kids, who have 2 kids, who have 2 kids. Every time the wealth gets passed on it gets split into smaller and smaller shares.

[@tcbobb1613]

@@rayden54 No, The thinking behind it is that the 3rd generation is that they are too spoiled that once their parents die, they do not know how to run their family business, so it fails, and or they spend all of their family money since they never had to work to earn money.

[@idwtgymn]

The Roy family owns 36% after the investment from Sandy, not a majority. A lot of the plot points wouldn't make sense if they had a majority.

[@rishirama6883]

That is still a majority stake compared to everybody else, not to say other shareholders can’t pile together to gain a majority, but their percentages are so minuscule it would take a Herculean coming together of a group of people to greedy to give up their piece of the pie.

[@mainchannel1566]

The Roy's don't have a majority. They have a controlling stake. A majority is 50% + 1.

[@DanialDawood]

​@@rishirama6883 The Roy's don't own a majority of the company. Majority means more than 50% (they own 36%). If they had a majority, no one could takeover the company even if all the other shareholders stood against the Roy's. What they do have is a *plurality* which means largest share out of anyone else (but not necessarily more than 50%)

[@ChaosBarnaby]

@@rishirama6883 the word you are looking for is plurality. Majority means, by definition, over 50%

[@cparkrun]

​@@rishirama6883That's a plurality stake. Not a majority stake.

[@Roccofan]

I keep thinking about when the family go to one of their mansions for a huge dinner party and then something happens and they order all the food to be thrown away. We’re talking about an insane amount of food that wasn’t contaminated in any way. That hurt and It was fake food in a tv show, but it still hurt.😢😢😂😂

[@o_s_byron2319]

All the great food thrown away for effin pizza

[@AmandaVieiraMamaesouCult]

That hurt me too! The lobsters!

[@Willemdafoo]

You want to eat food brewing in the stench of dead raccoons?

[@rockefellerrepublican3336]

Go cry baby

[@stephenbernard3003]

It sounds like you grew up good insecure. That’s got to hit hard. People who never had to worry about food just don’t understand it.

[@Magic_beans_]

7:50 As of early 2024 this is happening in the grocery store industry. Kroger trying to buy Albertsons and the authorities want to make sure that doesn’t exacerbate local monopolies.

[@_d0ser]

You should do an episode about companies that use different share structures to keep voting with founders. So many people don't understand how little actual power they have over certain companies. Even Ford still has a class B share with something like 35x the voting power of a class A share.

[@HenriqueAleixoo]

I've just finished watching "The House of Gucci" film which cover the downfall of the Gucci family and the reason why it fell is solely because of greed. And 5 mins later BAM!! How money works drops new video of how Business Deals in Succession Actually Works so i think this is a sign XD

[@buzzardbeatniks]

This was interesting but as a person who has no knowledge of the business world I think the show did great with context clues and I never felt lost on the business end.

[@wadeguidry6675]

I wish I was a rich nobody. This stuff is too complicated.

[@ThePanzerFreak5]

Basically the same as winning a multimillion lottery.

[@wadeguidry6675]

@@ThePanzerFreak5 good idea!

[@MarksmanSpecialist]

now i know why some people value power over money when they already have enough money.

[@GabrielDalMaso]

Wow, the tragedy of being a rich nobody... still better than being a poor nobody.

[@AbdulGoodLooks]

- Elon musk 2022, (colorised)

[@TheMrVan101]

I just started watching the show this week

[@Tepalus]

Oh boy, finally something new to watch about finance! The Big Short and Margin Call were great, hope this falls into the same quality! :)

[@0b3ryn29]

The film "Equity" is also good.

[@Tepalus]

@@0b3ryn29 Thanks mate, will look into it 👌

[@pabloct3]

Probably better than both! (Atleast Margi Call for sure without a doubt)

[@prundonmcavoy7155]

Oh you are in for a treat, trust me. Good time to become a fan, too, with season 4 right around the corner.

[@prundonmcavoy7155]

Yeah just wanna double down on this and say you might be excited to watch this because of finance themes, but you will also be treated to a drama of epic proportions about family and power. People refer to the show as Shakespearean for a reason. It's a real gem.

[@thewhitewolf58]

I do like how they talk in succession. In private the kids don't talk professional and highly educated. They act like people who know they got a lot of money.

[@jandipopo_art2012]

i really expected logan to fumble his words and be a caricature during his speech in season 1 but no. And throughout the next seasons it showed how cut throat and manipulative he is. There really is a reason why hes a fucking billionaire. (Unlike real life billionaires who just inherited an emerald mine and is fumbling his way to success lmao)

[@joaop4585]

Aah yes! Its really a Mus- ops, markertier move

[@merrymachiavelli2041]

Eh, say what you like about Elon Musk, but his work with SpaceX in particular _was_ genuinely revolutionary. Both in terms of the business model and developing reusable rockets, SpaceX single-handedly cut the cost per kg to get stuff into space by a factor of ten. Which to me is more impressive than building a media company.

[@joaop4585]

SpaceX is one thing. Btw, anyone can accuse him of getting contacts on Washington. Another is total lack of inspiration to be as a person, unless you want to be a lil pr1ck that was born with money and a manipulative @ssh0l3. And total f*ck3ry on business. Not being competent to do a single sh1t without f*ck1n something or tryin to cut throat someone.

[@sharell-]

If you would look up the stats you would see that more than half of the real life billionaires are selfmade…🤦🏾‍♂️

[@Strangeship1997]

@@merrymachiavelli2041 but was that him, or his workers(who routinely get ripped off(to the point that he is known for that)) while getting govt subsidies(which musk argues against) to keep the company afloat

[@JoelJohnson24]

Do the next one about Silicon Valley (TV Series)

[@zrenkov]

Was sceptical at first, but decided to try it out. REALLY good series! Im in the middle of it, and absolutely love it! And im very picky about watching good series. But this is some Breaking-bad-level quality! Thankyou!!

[@pjpredhomme7699]

The acting is amazing - so many of these characters are so well done.

[@vimal-cliobconsulting]

Likewise

[@yaou83]

I’m not gonna spoil the show precedes to tell you exactly how it ends and what the characters do to get their 😂

[@moneyrx]

Brian Cox is amazing in this show. As with others.

[@screwstatists7324]

It has the Dan Peña stamp of approval, the trillion dollar man. This show and 'Billions.'

[@nourieeee]

The show is a masterpiece.

[@longjiD]

You might want to consider adding no spoilers to your video title, so it pop up on my feed a couple times but didn’t click for fear of spoilers

[@benedekkovacs1351]

7:14 I think you are confusing horizontal merger with vertical here.

[@Nate9273]

i thought so too. what he said was not even what was written in the article.

[@Hintonbro.]

Doesn’t Logan’s brother hold an interest? How is he implicated? (And thereby Greg)?

[@emretopal1233]

Please make a video explaining what's going on with Silicon Valley Bank

[@jesseolivarez7643]

It technically didn't fail since it still had more assets than liabilities. But it will fail because people are stupid and their psychology will trigger a bank run.

[@midimusicforever]

Haha the Family Guy bit at the end is great!

[@David.Marquez]

So should I watch Succession? Is it worth it or should I just rewatch The Last Airbender?

[@HowMoneyWorks]

They are both extremely different shows but they are also both really good.

[@dividendduck]

I'll add it to the list 👍

[@coffeemug3009]

Make sure it's not the movie version.

[@Brut.V]

I just know this videos gonna be amazing

[@JohnNovakovich]

7:00 did not expect to see my former employer (and a company the SEC sued for misleading investors), Alumni Ventures Group, cited in this video!

[@WheelChairwayToHeaven]

You have to break a few Greg's to make a Tomelette

[@jonathanbrotto7278]

When children are used to a certain lifestyle.

[@JosephMcNamaraHefner]

I really like this video! Just wanted to point out that Connor's mother is mentioned by name in the second episode of Season 1.

[@johanneszwilling]

😍 BEAUTIFUL!!!! Now I might actually go and watch it!

[@pedromarques9267]

Imagine being so rich that your next big problem is having power. I think we all whiched having this kind of problems for ourselves xD

[@wilsonwijaya.design]

The thing is, almost everyone at the top are snakes and two faced. So if you can't play by their rules you can't survive. So yes, a lot of them want to keep their wealth and assets, wouldn't you? If you were to work your ass off for many years just to let Jeff Bezoa to buy you for $10 mil would you take the offer or fight back to keep your corporation running?

[@365er]

Great explanation thanks

[@maestrulgamer9695]

13:00-Damn,that was well delivered!

[@kristianFL]

During the threat of the margin call why didn't they just reverse split the stock to keep it above $130? I never heard them say it was based on market cap but on actual price per share.

[@gustavomunoz3245]

The loan wasn’t made by Waystar Royco, the shares were just used as collateral. They couldn’t reverse stock split the org just because Logan took on a loan too big

[@kristianFL]

@@gustavomunoz3245 that’s what I kind of figured. They should have said market cap instead of just referring to individual share price.

[@poppop-sp5xe]

Bro really called "Succession" as "Secession" lmao

[@TheMongolianCandidate]

13:08 Yep, Secession is a great show that I definitely recommend.

[@poppop-sp5xe]

In 5:15 mark, it was described how money works to find out how the business deals in Secession actually work.

[@WinstonRoosevelt]

Don't forget, Secession is an HBO TV Series that focuses on the problematic family relationships of the Roy family patriarch Logan Roy and his four children: Kendall, Shiv, Roman, and Connor.

[@TheMongolianCandidate]

I’m glad im not the only one that noticed that this show is caled Secession,

[@marcdc6809]

ekster is Dutch for the magpie, a bird that we think likes to steal stuff...

[@TheJWS33]

This show and Industry on HBO are my top two favorites!

[@nicholasgreenwood8281]

The company is worth 500M-2B? Seriously? Considering how many pies they have their fingers in, I'd imagine they need to add a 0. This is an international media conglomerate, not a well-ish know lawn furniture manufacturer

[@tahasinameen3422]

Hell no! The company is worth atleast 40 billion.

[@tahasinameen3422]

As far as i can remember the 2 billion is the value of the shares that each of the children own.

[@nicholasgreenwood8281]

@@tahasinameen3422 oh ok gotcha, thanks

[@pmp1337]

@@tahasinameen3422 Give or take. SPOILERS: Because Logan wanted to buy out Kendall's shares for 2B. But that would be over market price at the time. But I believe that 2B was what each got in the end withe th Gojo deal.

[@thefocuschic3234]

Oh man. Your video made want to go and continue watching the show. I had to stop because all the characters are assholes beyond redeemption and I couldn't empathize with any of them. I'll give it another try.

[@AmandaVieiraMamaesouCult]

I don't think you'll like it...

[@jijitters]

I can relate to this. Sometimes it's hard to sit and watch without being uncomfortable because they're all so cruel and it's terrifying to observe this level of realism. At this point I'm only still watching because it has become so important to find out how it ends, since they are currently airing the final season. I imagine the ending will be quite dramatic!

[@caroamira]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stock and wait for a housing crash or should I go ahead to buy a home anyways

[@EvanQuiel4]

Well to me the greatest lesson of 2022 in the stock market: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.

[@logisticsdelivery]

Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

[@victorcardi2019]

@@logisticsdelivery Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

[@palmpay1855]

@@victorcardi2019 The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to Susan Lorraine Curry.. my Investment-Adviser.

[@idwtgymn]

Just don't do anything someone in a KZbin comment tells you to do.

[@ZombiemanOhhellnaw]

A Corporate Trustee isn't a company but an executor of the Trust

[@vimal-cliobconsulting]

I don't understand why were those kids were sad at the end lol? Didn't they get rich after the company was sold? Now the can build their own thing if they want. And they were dying to become ceo of a company which they have not even created smh.

[@bluejournal83]

Thank you making this video. Some of these deals are very confusing

[@nekkomemes3647]

Thank you

[@junioroteng6266]

Great analysis as always. Would love to see a breakdown of the show ‘billions’ at some point

[@IvanOfficial01]

Love this show, because I feel it’s a decently realistic view of a wealthy family.

[@obviouslyPSM]

I’ve never used a KZbin discount link before but I need a wallet so I’m 95% guna get one. Thank you

[@harveyspecter1855]

Nice video dude

[@danielhale1]

This looks like my jam, I should watch it if it's on a service I have! Thank you for the video.

[@j_j8758]

Who doesn't want to be a rich nobody?

[@Redolentleek]

Much better than business or law deals in suits or billions that’s just filled with very stupid sports metaphors. That’s why I like industry. They don’t mess about the actual finance side of the show for their audience

[@mbank3832]

It really shows wealth can make family divided. Normal working class families actually have more genuine bonds with other members

[@Doge_Of_Wallstreet]

I heard stories about brothers trying to kill each other over something as little as a house. Things can turn nasty even over small sums of cash. Greed for money is the root of all evil.

[@TESkyrimizer]

​@@Doge_Of_Wallstreet preach. Live laugh love as corny as it is is the key to life. As long as you are warm and full and in good company you have no reason to feel unhappy. (assuming no mental issues)

[@MegaCevapcic]

@@Doge_Of_Wallstreet Despite what a movie might have said, greed is always bad. Greed and envy that follows it are the root of all evil in my opinion as well.

[@Talonidas7403]

@@Doge_Of_Wallstreet In the coast of my country there are many stories of sons hiring assassins to kill their dad so they can get the inheritance

[@Sk-kv1fs]

Name of the series?

[@iqbal_nafis]

LoL 😂 where was your attention while watching the video ?

[@samuel9607]

The show is just like any other show with lack of tactical decision making by any of those characters as a prime example

[@aidanholihan466]

Hey How Money Works, is there something you could do about all the “I invest with so-and-so and they make me so much money” that appear in your comment sections? I feel like they are scams rather than genuine comments to your videos.

[@IOFLOOD]

I assumed the tech company angle was about news corp buying myspace, not vice media.

[@TeamRelsonGracieFL]

It *sounds* like the host is saying “Secession” instead of “Succession,” or am I hearing things?

[@sence11]

It's fascinating to see how the real life Murdoch family is tearing themselves apart over the trust that Rupert signed when he divorced his second wife... Just like how it was depicted in the series

[@maximkmrr3879]

10:43 - “because of 4 20” - what does that mean, please? 🤓

[@acesn8s89]

“I’ll try not to say too much to avoid spoilers… Here’s how the show ended,”

[@OverThisUsername]

Okayy so now conor is the only one with the vote. damm!!!

[@ixnebaby]

Those dbs only gave me 5% off just now. Granted its a good wallet and even full price would be great but...

[@ziggymunz8307]

Stewie is the best character

[@A1stardan]

I for one thought he was gonna give all his money to his second wife, that's why the kids started to fight

[@pranavv9267]

I was so hoping you would use the family guy scene.

[@djg4653]

Everyone wants to go public until they realize that the company becomes controlled by the public.

[@Helena-ou8ry]

Weird that you sight that it’s the Murdock that the series is based on, considering that the children don’t really give a crap who takes over and there is very little infighting.

[@pjpredhomme7699]

Huh - Murdochs two sons do not get along - he broke up his empire between news and entertainment. James took the entertainment part - and Lochlan has the news. It was a Huge deal - that is still having ramifications today. For instance all the regional fox sports channels - were paired off from the entertainment division and sold to an entity bally sports - created by Sinclair - that has since gone bankrupt - and has caused a lot of upheaval in the industry. That all occured because James saw what Fox news was doing to promote Trump - and wanted no part of it. No idea where you get your information from - ( probably faux news ) that would completely make sense. BTW Faux news is being sued- for libel by Dominion voting systems for all the disinformation they broadcast about election fraud - it was totally untrue -and the court documents prove that Faux knew it all along - they stand to lose at least $ 2.7 billion in damages - and the jury may very well award punitive damages considering how egregious the fraud was. That trial begins next week in Delaware - I am sure James feels quite content in not having any part of that fiasco and substantial loss of $.

[@jennfaulks6056]

I’m in that series!

[@mpendulomabuza7232]

Please do one video on how to avoid political risk using such structures , specifically expropriation of your business in third world countries I know you did one other on the Pandora papers but please focus on avoiding expropriation and whether acquiring a loan from more stable and influential regions would and can keep such moves being done by third world despots

[@身赤-w3w]

I don't know much about the show but if that woman isn't the mother to any of the children she has no business being on the trust. I hate parents like this so much. I would never do my children like this for a fleshlight basically.

[@LB-lx4gt]

Starting to feel like How Money Works stalks my recently watched because I just started this show.

[@johncra8982]

Ah yes, amazing show indeed - "what's that? we need private funding? here's my buddy stewie, the only private equity guy in the world" Bravo Mylod 👏 how does he do it? 🤯

[@I3lacklist]

Your visa card is so cute

[@MEDAKkx]

Started watching this show a few days ago wtf the timing

[@thomasmason6631]

I guess I’ll never know but I’d be like Connor and just enjoy my amazing credit score with no limit cards with a huge savings vote on bullshit here and there. I’d be fine with 2 billion net worth

[@ianraymondgillespie]

The trust owns 36% of a ~50 billion company. Not sure where you are getting the idea that the family's share is worth $500 billion to $2 billion?

[@danielsgattoni6393]

For each family member on the trust - not in total. Right now in season 4, I think each siblings share is 2 billion. When you add their 6 bil to the other beneficiaries of the family trust, it seems it could easily add up to a 36% stake.

[@leksobaramidze]

technically it's similar to Murdoch family but after the finale( and overall)murdoch family is probably way smarter than this family:d it's more like writers want that ending in real life but..

[@Klutch52]

Should of mentioned that you had a MAJOR spoiler in this!!!

[@tygressblade]

It is hard to find such an obscene amount of backstabbing in a family over money even mildly entertaining. If anything this is an object lesson in how generational wealth produces weakness in every capacity possible. This happens in any family in a smaller scale.

[@kenlandon6130]

12:39 Wait but the 3 kids have logan's ex-wife's voting shares. How is it hers to give away?

[@jijitters]

Those shares were only promised to the kids through their divorce agreement. It was what his ex-wife wanted for their children and the only way Logan agreed to a divorce at the time. But Logan convinced her to re-write their divorce agreement, removing that stipulation and promising those shares to Logan instead. We don't get to witness their conversation where he convinced her to do that, but I gathered from the phrasing that he manipulated her into believing that taking the power away from the children was better for them because they were becoming so cutthroat over it.

[@barnabasgbiaye6856]

What's the name of the show?

[@poppop-sp5xe]

Secession.

[@Arthur-nr5ci]

I was lost by minute 4...

[@landlord5552]

Being ultra rich seems to be as hard as to be ultra poor. Keeping in the middle works for me goood.

[@factorfitness3713]

Being ultra rich allows you to decide what's important to you, but doesn't stop fully stop you from making dumb choices. Very much not the same.

[@ClydeDeVera]

Informative video! Also Succession HBO series is in my watchlist now. ☝

[@MouseCIick]

irony of merger and capitalism... confusion... explain to me

[@dbsk06]

10:35 bear hug

[@TheWorkingClassroom]

Mistake: you said horizontal merger twice. Vertical merger is the first definition you gave, where a company merges with a supplier or customer. (Google/Alphabet buying Android. Totally separate from Google's business. Instead of android supplying an operating system to Google customers & users, Google now owns its search engine, and the platform that many mobile users will use to access its search engine) Horizontal merger is the second, where companies of the same industry merge under one umbrella. (Facebook buying Instagram)