I distinctly remember our negotiation team getting on my client’s Gulfstream jet and heading to New York City for a 2-hour initial lunch meeting with the private equity group interested in bidding for his Arizona-based tech company. It was a great trip – but also...
The letters “O.K.” are the two most expensive letters in the alphabet. Why? Because this is how many respond when offered a job and don’t even bother to counter. Of course, this is often a mistake, as described in last week’s column (the first three major mistakes...
I didn’t even think about asking for more,” she told her friend who had recently negotiated a higher salary when offered a job. “I will definitely ask next time.” Fortunately for her, she’s a rising college senior and will almost certainly have the opportunity soon to...
“I only have about 30 minutes to strategically plan for this negotiation. And I know I should spend more time planning, but I have a ton going on right now. What should I do?” I get this question a lot. We are all busy and time-pressed. Given this, here is my...
“How can we more effectively negotiate with these aggressive lawyers on the other side? They argue over every issue. I generally know how to deal with them, but is there a specific move or tactic you would recommend?” This question, posed by a potential client this...
Masayoshi Son had “earned a reputation as the Bill Gates of Japan” by making it big with the software distributor SoftBank. According to Sebastian Mallaby in The Power Law: Venture Capital and the Making of the New Future, while Son’s “childhood home was a squatter’s...
We’ve all heard the phrase “What goes around comes around.” If you treat someone badly, the thought is, they will turn and – eventually – treat you badly too. Crucially, this presumes that you will have some contact and relationship with them in the future. This...
I am not a huge fan of Disneyland and Disneyworld. My wife and kids love them, but I hate long lines and just don’t love rollercoasters and its other rides (largely because I don’t feel great after and it takes me a while to recover). But I do admire how Disney runs...
Paul Eckstein, one of the best litigators I know, told me years ago that his firm would sometimes assign a separate lawyer to try to negotiate and settle a big case in addition to its trial counsel. They would have a “Department of War and a Department of Peace,” he...
