Marty Lipton
Strategic Concepts & Mechanics
Primary Evidence
"This was percolating in the background as I was busy getting to know the CBS executives, and while Larry Tisch, in his fashion, began nibbling away at the edges of our deal. First he said it would be better for him to stay as chairman for the first year or so since he’d still own 20 percent of the company. I’d be president and CEO. Then he told Marty Lipton that his translation of my stock award at QVC into CBS stock would mean I’d get vastly fewer shares in the combined company, cutting me from 5 million to 800,000."
"En route to New York, Marty Lipton called. He had just gotten off the phone with Larry, who said the board felt strongly that the chief financial officer and the general counsel should report to them instead of the CEO. “That’s outrageous, I’m not doing that,” I said. “You really have to,” he replied. Again, his mantra was: *Just get in, get control of the company, and worry about everything else later.*"