Dr. Cort Wernz, writing about a private equity buyout “Negotiating Blind” in his Substack, The Impression:
The upfront payout the Las Vegas radiologist described wasn’t arbitrary generosity. It wasn’t a bonus. It was his own future income, pulled forward, discounted and paid to him upfront in exchange for accepting less later.
[…]
The radiologist in Las Vegas wasn’t undone by a bad deal. He was undone by a predictable one, structured by people who understood exactly what they were buying, signed by people who understood it less well. That’s not a character flaw. It’s what happens when a profession doesn’t place any serious value on business literacy.
Nice to see a new voice in radiology just doing their thing.