While shareholders will be given liquidity at fair market value, we will still have the ability to control our own destiny.”Īfter 40+ years of Tom’s leadership, upon becoming CEO, Paul Reilly was often questioned about whether the company might ultimately surrender its cherished independence and be acquired by some larger entity. The public stock offering affords us the opportunity to enjoy a little bit of the best of both worlds. That assertion results mainly from the inclinations of management rather than the economic benefits associated with either alternative. We have asserted for some time that we are not interested in becoming a small part of a very large corporation. While this is a psychological rather than an economic rationale, it is nonetheless very important. ” … the public offering should be considered as a statement of our independence. When consideration was being given to taking Raymond James public, Tom James penned a letter to shareholders (largely employees at the time). Raymond James Trading & Rebalancing System.
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