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Irv Grossbeck

πŸ‘€ Speaker
See mentions of this person in podcasts
420 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And I said, no, I'm not selling.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And that was at the center of it.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

If I wasn't going to be there, it wasn't because of me.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

It was because of the signal that unloading a bunch of my stock would have sent.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

Well, you referred a couple of minutes ago to the fact that there was no one dominant investor.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

However, my impression is that they do act as a group.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

on occasion.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And they're loosely referred to at Asurion as the sponsors.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And the players in the sponsor group do change over time.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

But I wouldn't say it's just people with a series of minority investments.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

There is a coordination among them

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

They do confer fairly regularly.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

I would say it kind of straddles the line between having sold control and not having sold control.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

I think there are times when, to my eye, they seem to exercise their collective power, and other times when they didn't.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

They're all high-quality entities over the years, and...

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

have all done well.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

And I remember having a conversation with Kevin at the time, just prior to the closing, and said, Wow, you know, you're selling 55% to this group of people, and there have to be some changes and their agendas and yours won't always match.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

He said, yeah, I know, I understand.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

I think this is the right thing to do.

Invest Like the Best with Patrick O'Shaughnessy
Asurion: 50X Season Two - (50X, S2)

Now back to your original question, how have the board dynamics changed?