Reply to Succession Season 3 promo trailer is out

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s ridiculous to think that the siblings would think that Logan would negotiate this deal without having figured out a way around their vote. Having Kendall bounce back from his breakdown in 30 seconds was stupid. This season had a few good moments, most of them during Kendall’s birthday party, but ultimately it was very bad. The writing was just poor.

Fundamentally, I just don’t get why these siblings are so obsessed with the idea of taking over this company when they are so obviously not qualified or capable. I know they want to prove themselves to their dad and stuff but I don’t get why him handing them a public company would do that. You would think they would be off trying to do their own thing.

[b]This episode did help me understand that the reason they have such large stakes in the company in the first place is their parent’s divorce. That makes sense - she negotiated that part of her half be in their names. Otherwise I doubt he would have handed them so much control.[/b] [/quote]

Any lawyers on know if it's possible to actually renegotiate the terms of the agreement so long after the divorce took place, in a manner which would substantially negatively affect adult children? It just seemed too easy, but I'm not a lawyer, so what do I know?[/quote]

+1. I had that same question last night.[/quote]
IANAL but my DH is - complex financial litigation, not family law, though. We were talking about this and he thinks all Caroline would need to agree to is to not contest whatever Logan is going to do. The kids who would benefit can’t usually sue to make her contest it.[/quote]

This. And I think we got all the details we are going to get on that, but it's also possible/likely that the divorce agreement was not some standard agreement that would be filed in family court, but had a lot of pieces and complexity to it. Even so, I find it a little too neat and a bit far-fetched that their mother could alter the kids' status on the corporate board now that the kids are all adults.

It will be interesting to see if Skaarsgard is a series regular in Season 4. I also feel like we have not seen the last of Stewy and Sandy by a long shot.[/quote]

I think what pp’s DH is thinking is that Logan will amend the corporate by laws to get rid of the supermajority requirement for change of control. Caroline could possibly stop him by suing to enforce the terms of the divorce decree, but if she refuses to enforce the decree (or agrees to amend it), the kids probably wouldn’t have standing to sue themselves. I think they said in previous episodes that the family doesn’t own a majority of the shares, anymore. The other shareholders will go for the GoJo deal in a heartbeat. It’s not personal to them.

Gerri said exactly the right thing at the end. The job of the corporate officers is to look out for the interests of the shareholders. The kids have been acting as though the company is closely held by Logan and it’s not. Logan realizes that none of the kids have what it takes to run the company when he’s gone, and they’d end up out or a takeover target within no time, probably by some takeover artist that will strip the company and spin off the assets. The power struggle between him and Mattson will be very interesting next season, but Logan has realized that he needs to have that happen while he’s still alive and can control the result. [/quote]

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