Corporate Lawyer Breaks Down Succession Business Deals | WIRED

[@CombatOstrich]

This is the only show I've ever watched that I genuinely enjoyed despite not understanding most of the jargon and despising every single character.

[@ladylove34]

Hahaha so accurate

[@FloraWest]

I think the writers are great at having very believable business set ups but contextualizing them for non-business people. Tons of terms I don't know the definition too but character reactions etc provide me the feel for the thing. Love it. They're great at it.

[@mprior93]

Suits was that way for me too

[@costabotes9107]

Ha! Yes. Just proves that you don’t have to like a character to be engaged by them.

[@unownnnn]

Except for Greg. We love Greg

[@yawner1154]

she's like a real-life Gerri

[@husamdogan1899]

Best comment 😂

[@feidhlimidhmacanaltha3644]

Dont tell Roman, he'll start stalking her.

[@maroelsanpedro6299]

Omg same thought

[@AdarshKumar-nj7rp]

@@feidhlimidhmacanaltha3644 i was about to comment something like this.

[@zeroone1032]

the first thing i thought when i saw her 😀

[@James-3000]

Never thought a high-powered, super-sharp corporate lawyer would be so comforting

[@victoriaarvaj3091]

she reminds me a lot of gerri!

[@isaiahclark5651]

I absolutely agree, tho I also think that literally anybody is comforting compared to every Succession character (except for Comfry and Kendall's children)

[@DystopiaWithoutNeons]

"Politics: the art of appearing candid and completely open while concealing as much as possible." Frank Herbert

[@user-to3hr9sz7x]

Many successful corporate types are good at conveying friendliness and flipping the switch to tough/firm when needed

[@zerere_]

That's what their job is, very spiky and muddy inside though

[@Erick-bg3cw]

You better bring the attorney back for more episodes. She explains things so well.

[@KTOWNK1D]

Not surprising that she explained things so well; she’s a partner at Sidley Austin (AmLaw/Vault 100) after all.

[@CarlosBallena]

yuuup! could we get one of these per season?

[@aw04tn58]

You can tell she's an apex attorney by how many strands of pearls she's got on.

[@ljt3084]

Thats the only pearl necklace she will receive ever again..

[@PEPPERslim_]

She's got to be pred with those heirlooms

[@whirlpoolbook6730]

Lol

[@khjin714]

😆

[@mediterrenean]

Similar to the pendants on Maestors in Game of Thrones

[@issaphae9659]

she explains everything so well, i would watch her do full episode commentaries lol

[@danielhou5832]

Yes! I definitely finished the video wanting more! If not her, a voiceover / Vox-style editing that could go deeper into the historical examples on mergers & acquisitions that she (the expert) mentions.

[@KTOWNK1D]

Not surprising that she explained things so well; she’s a partner at Sidley Austin (AmLaw/Vault 100) after all.

[@chipotleburrito]

@@danielhou5832 box editing w her way of explaining would b crazy good

[@loveit8602]

Give Holly her own reality series or podcast, please. She's so watchable and likeable.

[@GrantValdes]

Imagine what that costs at her hourly rate.

[@keysersoze5032]

She probably won't have the time

[@biggyls4297]

@@GrantValdes around 2000-3000 $ per hour

[@EJD339]

@@GrantValdes good god, I can’t even imagine.

[@dya13810]

Why do you need to say the word likeable out loud. Do you live your life through the lenses of instagram? 🤣

[@majectic-berry]

Fun fact: Sidley Austin, the firm she works at, is one of the highest rated lax firms in the US and has one of the largest revenue per partner ratio at 2.8B in profit for 2200 attorneys. Base salaries start at 215k for first year associates and climb to 450k after only 8 years.

[@flux.aeterna]

Idk if that’s a fun fact, late stage capitalism is terrifying

[@Prederick]

Yeah, when she said who she worked for, it was like "Oh, so she KNOWS what she's talking about."

[@ElusiveTy]

Just to clarify - she's a partner, which, depending on how Sidley Austin operates, either means she's an extremely high-ranking employee or essentially a co-owner.

[@jena.mw48]

@@ElusiveTy Seeing how many partners that firm has, they must give it out the way banks hand out the 'vice president' title Regardless, i'm sure they're very bright in their field.

[@gethaunted]

5:59 “The other thing that’s unusual is that Kendall has clearly not done his homework.“ Well come on, not that unusual

[@ahabmalik7710]

in s1 kendall used to read and do plenty of research actually, in s2 too

[@Spaced92]

@@ahabmalik7710 Nah he just gives the impression he's done all the groundwork, while actually just throwing around money, assets and promises he can't keep whenever he runs into a problem. It's only more obvious now, when he's weaned off the people that know what they are doing he can't even keep the the pretence.

[@kilgoretrout321]

he does his homework, but then he gets coke eyes for impossible dreams.

[@jael3147]

@@kilgoretrout321this is really what happens. Kendall also proves that he has the information in multiple situations only for Logan to totally ignore what he’s suggested. After a while I’m sure he just stopped trying.

[@missolympiabinewski]

She's very soft spoken but also terrifies me. She must be great at her job.

[@CrazyWatcher670]

That’s why she is a partner at the firm.

[@bitparity]

She's like a real life Gerri.

[@filmstaratease]

I am a corporate lawyer myself, and this Sidley (one of the best law firms in the world) partner broke down all Succession’s corporate disputes, which are complex by nature, in a very didactical way. Impressive! 👏👏👏👏

[@iteamy]

"I'm something of a corporate lawyer myself" 🙂

[@hollygregory7945]

Thanks!!

[@Gabriel-br4qe]

@@iteamy me after watching succession

[@exnihilo4547]

Any books about corporate law that you would recommend? Something for leisure reading, nothing too complex. Thanks !

[@TheRealMrMustache]

“Waystar will not be sold, because then the show ends.” Sounds like a Logan Roy quote lol

[@tanmaydeshpande2458]

Whoa! Did she give some kinda spoilers? Not sure if this video was before the season 3 😅

[@oobieo]

@@tanmaydeshpande2458 she was talking about the gojo deal at the end which happened in season 3.

[@prathamyadav2508]

And then waystar gets sold and the show ends lol!

[@appleofdoom]

"Waystar will not be sold because then the show ends" WOW this aged like fine wine

[@hollygregory7945]

Well, I got it half right!

[@muhammadhaider7687]

@@hollygregory7945 lol I think you got all of it right. Didn't you? I hope there's more of this sometime soon Holly.

[@sirazummunira3042]

​@@hollygregory7945technically ur right though

[@sirazummunira3042]

​@@hollygregory7945technically ur right though. Is really you? Wish I could meet someone like u in real life. U must've got some amazing stories to tell

[@Magic_beans_]

I think it shows good media literacy. When a show gets to plan its ending, that’s how they do it: the war ends, the apartment gets sold, the store closes, whatever. It creates an environment where things can’t stay the same, and ideally we the audience come away understanding things _shouldn’t_ stay the same.

[@dielaughing73]

Please more of this! There's so much of Succession that goes over my head

[@patcarl6064]

Season 3 was airing when I was taking my corporate law class in law school and I credit Succession with why I got an A.

[@Darkstorm12321]

I like how they just let her talk and don't interrupt her with clips mid-sentence like they do in some of their other videos

[@goktug4618]

she's so good at this I wish this episode was longer.

[@AmandaVieiraMamaesouCult]

We need a part 2! I want more details on the poison pill defense and the difference between a bear hug and a hostile takeover.

[@akshaydalvi1534]

Bear hug is a hostile takeover strategy. What do you think the bear does after hugging you lol

[@AmandaVieiraMamaesouCult]

@@akshaydalvi1534 I was more curious regarding why they don't call it the same thing. Até there other types? What are they?

[@MrOzakibou]

@@AmandaVieiraMamaesouCult A poison pill defence provides shareholders, but not the hostile acquirer, the right to purchase additional shares at a discount to their current price. What this does is make it harder for a hostile acquirer to get enough shares to gain majority control over a company. The difference between a bear hug and a hostile takeover is that a hostile takeover means the board has not approved a takeover. A bear hug is an offer to the board asking for approval, so it's more friendly. Lmk if this makes sense.

[@AmandaVieiraMamaesouCult]

@@MrOzakibou Thank you, so much!

[@baileyoneill8123]

SA is one of the top firms in the world and she’s a partner. Her explaining these scenes is like listening to Jocko explaining combat scenes. Great video!!

[@Eagle971]

Jocko fought against 3rd World Peasants, this lady battles the best of the best. Not even the same.

[@milesduggan]

@@Eagle971 This a great point

[@Legalizemda]

@@Eagle971 did he tell you that?

[@Chris.4345]

@@Eagle971 Well, to be fair, 3rd world peasants who have known only war for a generation.

[@galactagal]

Ugh. Career goals. Listening to her talk and do this breakdown is so gratifying.

[@waterofvitamins]

Was this lady the inspiration for Gerri? 🤣

[@firiel2366]

I just binged the show and while I loved it, I didn't understand a word of all the business stuff. Ms Gregory explains it all very clearly and I'm going to enjoy my re-watch of the show even more!

[@Vanness2864]

😊😊😊⁰😊😊

[@agarsrish]

Her glasses are exactly like Gerri's! Also the pearly necklaces

[@NainGeantMiniature]

I wonder how much she charged Wired for this.

[@FlutterMouse]

Talk about billable hours!

[@ljt3084]

Some voting stock and a chair on the board i expect.

[@melissapanella4838]

Based on Sidley's billable rates probably over $1000 an hour lol

[@deepfried13]

I've got the feeling she's not hurting for money

[@bettydraper2034]

@@deepfried13 but it's always the richest ppl who r the greediest for money lmfao ppl who have more than enough will always want more

[@AdarshKumar-nj7rp]

10:15 I remember this in Silicon Valley when Richard wanted few engineers but their parent companies were unwilling to let them go irrespective of the compensation fee so he instead bought the companies and fired the CEO's and other departments.

[@chairreader]

There's gotta be a corporate finance class using Succession as a syllabus, right?

[@Mulifhedzi]

lol it’s not that deep

[@irvinbohac8460]

I could totally tell she knows her stuff and it would do you well not to be on her bad side lol

[@carterisgod22]

Well she's literally a corporate lawyer I'd hope she'd know her stuff

[@irvinbohac8460]

@@carterisgod22 there are a lot of people who are in professions and are terrible at their job. You can graduate at the bottom of your class and still be a doctor. My point being, she seems well versed.

[@richikdadhich9664]

@@irvinbohac8460 Are you dumb? she is a Partner, obviously she would be well versed with all the nuances of corporate law. Also, she barely covered the basics of mergers and acquisitions so it is not even THAT complicated.

[@kellypena9125]

I always wondered how accurate this was

[@nepenthe_gal759]

Thank you, that's exactly what I needed.....HBO should have had you do recaps after each episode' while the credits rolled.

[@denissewoo]

We need a part 2. I loved this.

[@luisinacasirola]

"Waystar will not be sold, because then the show ends", aaaaaaaand that's exactly what the ending of Succession is

[@jalabi99]

_Holly Gregory, partner at the international law firm Sidley Austin, knows her corporate law_ If you know Sidley Austin's reputation, then you will know that that is quite an understatement :D

[@angiebedford]

Such a good show, but exhausting to watch! Great to see how accurate it is.

[@uglybetty8747]

How is it exhausting if it’s gud lmao oxymoronic sentence

[@HarperPolo]

​@Senpai Jay maybe they get emotionally invested so it's more so enthralling than just entertaining

[@eaglewinnings8003]

I don’t know who this lady is or how her resume reads but she comes across as basically a non Hollywood version of Gerri to me. Very educated and well spoken on the ins and outs of heavy hitting corporate America. My family has owned a business since I was 4 and I’ve been around it my whole life but I can’t even fathom owning a business so large that if you turn down someone’s offer to buy it you can actually go to jail since there are so many more people’s interests at stake than just the owner and his immediate family. Mind boggling wealth.

[@Alex-hm7nt]

Yeah is this Gerri? Lol. Super interesting, I've always wondered how dealings and meetings are done with the ultra wealthy

[@helloitsdaniel]

Wow. This is so helpful. Succession is my fave show and this really help understand the bussiness jargon in the series

[@burnedoutstar1681]

"Waystar will not be sold, because then the show ends" that is verbatim what happened lol

[@carogranner1706]

i think i speak for all succession fans when i say thank you ms. holly bc i do not know what's happening 95% of the time

[@ladylove34]

And here I thought I was the only one.😅

[@alexsaucedo4930]

I really thought this was Gerri! She’s great! More of her please!

[@amybebes]

I need her with me every time I watch Industry

[@Nighthawk-8050]

Please bring this lady back. She's Awesome

[@doublejay29]

the frequent edits and resizing of the speaker make this hard to watch.

[@henryhsu3454]

The editing this time is making me wobbly with all the zooms

[@ChristiaanMutschelknauss]

Aah so Adobe did a bear hug to Figma, now I get it

[@swithheld9905]

Wow, thanks to Holly & WIRED for this! I understand so much more now, especially how SO many Succession plot points are clearly inspired by real life events and company strategies and internal struggles of the Murdoch family. If you like Succession, The Murdochs: Empire of Influence is a fantastic watch and just as fascinating as the fictional tv show.

[@jmbdz]

This was fun to watch. She should do an update.

[@luisvillarreal2657]

Was about time!! They have some awesome business dealt that’s worth explaining!!

[@harrytucker4778]

Please get someone to do this for Industry!!!

[@jayjayh9801]

yes pls!!

[@FAYMprod]

the amount of jump cuts when she's speaking is astounding

[@wbblelebbw9678]

Yes, it’s really distracting and unnecessary

[@maymaja9629]

Petition to add her to the new season of succession

[@susanmorrow4438]

Agree!

[@mattrobs]

Jerri II

[@AS-yo2uy]

I could listen to her all day explaining corporate law

[@kenocontreras]

Succession. Such an amazing show!

[@santividal9387]

Real life Gerry explaining Succession is not something I knew I needed

[@jproductions5977]

Holly “Cousin” Gregory: Attorney at Law

[@Yuyu99000]

Pffft “Kendall should’ve done his homework” 😆 Bring her back for more and longer episodes pleeease 💪🏼💪🏼

[@edwardneves2234]

We need one of these for Industry!

[@BrockMarz69]

i always crack up when frank says “a badillion” in that scene

[@sanpellegrinolimonata]

I love her dry sense of humour, she's so funny

[@swarajmalwee]

Waystar will not be sold because then the show ends😌

[@Derekivery]

Great explanations.... okay now explain 'Boar on the Floor'

[@santiagocardenas4383]

she nailed it, waystar was sold and the show indeed ended

[@sashatheelf]

Why doesn't this have more views? It's so interesting.

[@Quadraxis]

I wanna watch Succession with her, start to finish, over a bottle of wine and hear her commentary.

[@mon6745]

Watching this after S4E3 😲😲😲

[@mr.brightside4919]

Thanks Holly for enlightening me! Would love to watch the show again now

[@gprick40]

This is Gerri in 10 yrs after Roman became CEO 😂

[@gabrielidusogie9189]

Would love to see here tackle The Big Short.

[@YungM.D.]

“It won’t be sold because the show will end” *season 4 is final season* Spoke too soon

[@DeeTeaDee]

I wish I was watching the show with this lady sitting next to me on my sofa

[@Adam-uh6qs]

God, I love this show

[@auto7385]

Imagine having her while watching the show Gerry style without the mommy issues

[@cranqboye]

Show is that good, I need an explanation like this after each episode

[@abhishektoshniwal6817]

In the shareholder meeting episode they say how both the parties have spent around 100 million $ on the whole takeover thing. What’s that exactly spent on? Robocalling Logan?😝

[@vikingodin1986]

I'm going through the series for a third time

[@sammieseoul5544]

I love how she breaks everything down..

[@dennisgichohi5392]

Holly is taking me to class, i like it

[@AshleighMadeMe]

This was such a fenomenal breakdown. Thank youuu for educating

[@jesseblaskovits64]

Wired should do another video with Holly for season 4, and this time also ask questions about her favourite or most interesting deals.

[@vietimports]

something that has always confused me is that many characters remark on the financial health of the company and how good it is. several times investors look at the company like its a good place to invest, meaning the company must be able to produce some profits i presume. but how is the company also unable to pay back a $3 billion loan after 10 years?

[@c.aresty]

Business school grad & M&A law professional here🙋‍♂️The issue wasn't that WayStar couldn't have paid the loan back eventually. That's why Kendall is so blown away by the bank's decision to seek immediate recoupment. Since the stock dropped below a certain price ($120), the bank could seek *immediate* recoupment. Even though WayStar is profitable (ie financially healthy), it doesn't have $3 billion lying around. Thus, the bank would take over $3B of the Roys' stock in the company. It's a sleazy move by the bank, but perfectly legal. Hope that clears things up.

[@tomi-auto]

I’m watching this like I’m going to do a deal next week

[@TheVeevinci]

Never enjoyed a talk full of business jargon in my life. Awesome woman!

[@jasuran]

"But Waystar will not be sold because then the show ends". Uh-huh

[@unownnnn]

This was just a great supporting commentary for the series! 6:33 Top tier editing 🤣

[@Familyguyspete]

Currently watching season 2

[@Userjo37]

Wow this made me feel 1000 times smarter

[@jesseblaskovits64]

This should be a required viewing when watching the series

[@heatherupton6558]

Thank you for explaining everything! This was a fantastic video!!

[@thomasmagand8384]

Thanks, now do the show Industry because I have no idea what’s going on 90% of the time

[@prathification]

Sooooo they got Geri to do the video

[@travelvloggity]

Please do one for Industry as well🙏

[@kindofbluenyc]

More of this please.

[@mon6745]

👏🏾👏🏾👏🏾 to the editor- fantastic job

[@abeerhassan97]

4:46 Did they use the phub intro music??

[@lucifer_0531]

"Waystar won't be sold cuz if it does, the show ends."

[@sitapatel573]

Holly YOU ROCK 🎉 PLEASE PLEASE CAN WE HAVE MORE HOLLY?????

[@ccgirl5597]

Please do this for Industry!

[@amarbaha]

That firm doesn’t hire dummies. I used them on a deal, very intelligent female partner, worth the freight. This lady knows her craft

[@LM-ch8rh]

awesome commentary....thank you, holly!! the interaction with the Pierce family was epic.

[@Ellataylor-o5w]

are there any books which help me to understand the business terms ?

[@sachinks9622]

Next episode - Alien breaks down Star wars movies