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As Tom was driving home from Simpson Water Heaters, a thought entered his mind regarding the offer the Board of Directors had made to him regarding helping the Board select new companies to purchase. He thought to himself, “I’d really like to help them make their purchase decisions, but how should I get paid?” And then he thought back to his favorite TV show, Shark Tank. He imagined sitting next to Kevin O’Leary listening to Kevin’s royalty offers and that wasn’t what he wanted to do this time. “If not a royalty, what if I told the Board that I would take the job, if they would give him an equity percentage instead of a royalty?” he thought. The more he thought about getting paid this way, the more he liked ...
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