Exit Planning At Joost El: Preparing For An Employee To Take Over The Business

This is a Danish version. This case focuses on an owner-manager's considerations regarding his exit. Carsten Joost established Joost El in 2005. It currently employs 10 people. He has two sons but no intention to hand over the business to them. Rather, he hopes that his key employee eventually will take over Joost El. However, if he receives an offer from a buyer who can pay a higher price than the employee, Carsten Joost will have to sell the company at the highest price while knowing that doing so will disappoint his employee. The reason is that Carsten Joost has no pension. The question is how he can minimize the potential conflict of interests.