Book: Buyout by Ray Greencategories: Book, Boardroom Thriller, Business Thriller, Boardroom Drama, Corporate Drama, Business Drama, Corporate Thriller
Ray Greenabout this book: I didn't set out to be a writer. For many years I worked in the electronics manufacturing industry, eventually rising to boardroom level. I loved the job, but hated the back-biting politics.
Eventually there came a possible opportunity for the management team – of which I was one member – to buy the company I worked for from its huge American multinational parent corporation. We went for it – convinced that we could be far more successful as an independent company. I could never have imagined what a tortuous experience it would be, or the lengths that some individuals would go to in order to try to scupper the bid.
I won't tell you what the eventual outcome was, but suffice it to say that the experience inspired me to write this book. Buyout is a work of fiction, but from my own experience, I would say that it could be happening for real somewhere, right now.
Buyout is the story of five ordinary guys trapped within the corporate rat race, making decent money as senior managers, but ground down by a barrage of targets and edicts from their American parent company, and wading through a sea of corporate politics. They decide to take a risk: to attempt to take control of their company and their own destinies, by means of a management buyout. Their shared conviction is that by taking over the company, and freeing it from the shackles of its corporate parent, they can drive it to a much more successful future, save hundreds of jobs and at the same time make some serious money for themselves.
The path is fraught with pitfalls; corporate politics and personal vendettas conspire potentially to wreck the bid. As competing agendas clash, blackmail, theft, and betrayal become the new rules of the game. As the situation becomes increasingly desperate, dark secrets are uncovered, life savings are spent on illegal insider share dealing, and marriages begin to unravel, for there are other women around who are keen to snare a potential millionaire.
For the MBO team, it becomes all or nothing. If the bid fails, they will lose their jobs, and possibly a whole lot more.
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