Exact(12)
It may have given him an excuse for cashing out a few minutes later.
Without such demand, buyout firms have limited options for cashing out their investments.
"I didn't want to have a loan to pay off, and I didn't want to be taxed up the wazoo for cashing out the 401 k)," he said.
The other day, Mr. Moore went to a start-up event to learn about "quick exits" — valley talk for cashing out of your company while you still can — where executives from large tech companies coached young entrepreneurs on how to sell their nascent start-ups.
As New Jersey's top Democrat and second-most powerful official, Mr. Sweeney has made proposal after proposal to rein in labor costs, like setting a $15,000 cap for cashing out unused vacation and sick days and requiring all state employees to pay 1.5 percent of their wages toward their health coverage.
That creates a nexus for cashing out.
Similar(47)
Last year 460 venture-backed firms were sold for a total $35 billion, the best year for cash-outs since 2000.
The message to Congress is clear: it is time for corporations quit cashing out without chipping in.
In 2005, Google invested $5 million in Baidu before it went public, later cashing out for $60 million.
It's a process that Joe Ventrone, a former Republican deputy staff director for the committee, calls "cashing out".
This approach works best for people who haven't previously sold things for cash out of necessity, and still have a lot of items to sell.
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