I think the writers are great at having very believable business set ups but contextualizing them for non-business people. Tons of terms I don't know the definition too but character reactions etc provide me the feel for the thing. Love it. They're great at it.
I absolutely agree, tho I also think that literally anybody is comforting compared to every Succession character (except for Comfry and Kendall's children)
Yes! I definitely finished the video wanting more! If not her, a voiceover / Vox-style editing that could go deeper into the historical examples on mergers & acquisitions that she (the expert) mentions.
Fun fact: Sidley Austin, the firm she works at, is one of the highest rated lax firms in the US and has one of the largest revenue per partner ratio at 2.8B in profit for 2200 attorneys. Base salaries start at 215k for first year associates and climb to 450k after only 8 years.
Just to clarify - she's a partner, which, depending on how Sidley Austin operates, either means she's an extremely high-ranking employee or essentially a co-owner.
@@ElusiveTy Seeing how many partners that firm has, they must give it out the way banks hand out the 'vice president' title Regardless, i'm sure they're very bright in their field.
@@jena.mw48law firms typically have two tiers of partnership, “non-equity partners” and “equity partners”. NEPs make a lot of money, but Equity Partners can make even more. At a firm like Sidley, easily north of at least $1mm per year. Law firms are structured as partnerships, equity partners definitely have more organizational power/impact vs VPs at your average bulge bracket. Equity partners are more on par with MDs if anything
@@ahabmalik7710 Nah he just gives the impression he's done all the groundwork, while actually just throwing around money, assets and promises he can't keep whenever he runs into a problem. It's only more obvious now, when he's weaned off the people that know what they are doing he can't even keep the the pretence.
@@kilgoretrout321this is really what happens. Kendall also proves that he has the information in multiple situations only for Logan to totally ignore what he’s suggested. After a while I’m sure he just stopped trying.
I am a corporate lawyer myself, and this Sidley (one of the best law firms in the world) partner broke down all Succession’s corporate disputes, which are complex by nature, in a very didactical way. Impressive! 👏👏👏👏
@@hollygregory7945technically ur right though. Is really you? Wish I could meet someone like u in real life. U must've got some amazing stories to tell
I think it shows good media literacy. When a show gets to plan its ending, that’s how they do it: the war ends, the apartment gets sold, the store closes, whatever. It creates an environment where things can’t stay the same, and ideally we the audience come away understanding things _shouldn’t_ stay the same.
I just binged the show and while I loved it, I didn't understand a word of all the business stuff. Ms Gregory explains it all very clearly and I'm going to enjoy my re-watch of the show even more!
@@AmandaVieiraMamaesouCult A poison pill defence provides shareholders, but not the hostile acquirer, the right to purchase additional shares at a discount to their current price. What this does is make it harder for a hostile acquirer to get enough shares to gain majority control over a company. The difference between a bear hug and a hostile takeover is that a hostile takeover means the board has not approved a takeover. A bear hug is an offer to the board asking for approval, so it's more friendly. Lmk if this makes sense.
SA is one of the top firms in the world and she’s a partner. Her explaining these scenes is like listening to Jocko explaining combat scenes. Great video!!
10:15 I remember this in Silicon Valley when Richard wanted few engineers but their parent companies were unwilling to let them go irrespective of the compensation fee so he instead bought the companies and fired the CEO's and other departments.
@@carterisgod22 there are a lot of people who are in professions and are terrible at their job. You can graduate at the bottom of your class and still be a doctor. My point being, she seems well versed.
@@irvinbohac8460 Are you dumb? she is a Partner, obviously she would be well versed with all the nuances of corporate law. Also, she barely covered the basics of mergers and acquisitions so it is not even THAT complicated.
_Holly Gregory, partner at the international law firm Sidley Austin, knows her corporate law_ If you know Sidley Austin's reputation, then you will know that that is quite an understatement :D
Wow, thanks to Holly & WIRED for this! I understand so much more now, especially how SO many Succession plot points are clearly inspired by real life events and company strategies and internal struggles of the Murdoch family. If you like Succession, The Murdochs: Empire of Influence is a fantastic watch and just as fascinating as the fictional tv show.
I don’t know who this lady is or how her resume reads but she comes across as basically a non Hollywood version of Gerri to me. Very educated and well spoken on the ins and outs of heavy hitting corporate America. My family has owned a business since I was 4 and I’ve been around it my whole life but I can’t even fathom owning a business so large that if you turn down someone’s offer to buy it you can actually go to jail since there are so many more people’s interests at stake than just the owner and his immediate family. Mind boggling wealth.
"Often there are children involved in the voting trust and there's nothing fundamentally wrong with that." Uh, the whole show is about how there is something fundamentally wrong with that.
something that has always confused me is that many characters remark on the financial health of the company and how good it is. several times investors look at the company like its a good place to invest, meaning the company must be able to produce some profits i presume. but how is the company also unable to pay back a $3 billion loan after 10 years?
Business school grad & M&A law professional here🙋♂️The issue wasn't that WayStar couldn't have paid the loan back eventually. That's why Kendall is so blown away by the bank's decision to seek immediate recoupment. Since the stock dropped below a certain price ($120), the bank could seek *immediate* recoupment. Even though WayStar is profitable (ie financially healthy), it doesn't have $3 billion lying around. Thus, the bank would take over $3B of the Roys' stock in the company. It's a sleazy move by the bank, but perfectly legal. Hope that clears things up.
In the shareholder meeting episode they say how both the parties have spent around 100 million $ on the whole takeover thing. What’s that exactly spent on? Robocalling Logan?😝
This is the only show I've ever watched that I genuinely enjoyed despite not understanding most of the jargon and despising every single character.
Hahaha so accurate
I think the writers are great at having very believable business set ups but contextualizing them for non-business people. Tons of terms I don't know the definition too but character reactions etc provide me the feel for the thing. Love it. They're great at it.
Suits was that way for me too
Ha! Yes. Just proves that you don’t have to like a character to be engaged by them.
Except for Greg. We love Greg
Never thought a high-powered, super-sharp corporate lawyer would be so comforting
she reminds me a lot of gerri!
I absolutely agree, tho I also think that literally anybody is comforting compared to every Succession character (except for Comfry and Kendall's children)
"Politics: the art of appearing candid and completely open while concealing as much as possible." Frank Herbert
Many successful corporate types are good at conveying friendliness and flipping the switch to tough/firm when needed
That's what their job is, very spiky and muddy inside though
she's like a real-life Gerri
Best comment 😂
Dont tell Roman, he'll start stalking her.
Omg same thought
@@feidhlimidhmacanaltha3644 i was about to comment something like this.
the first thing i thought when i saw her 😀
You can tell she's an apex attorney by how many strands of pearls she's got on.
Thats the only pearl necklace she will receive ever again..
She's got to be pred with those heirlooms
Lol
😆
Similar to the pendants on Maestors in Game of Thrones
You better bring the attorney back for more episodes. She explains things so well.
Not surprising that she explained things so well; she’s a partner at Sidley Austin (AmLaw/Vault 100) after all.
yuuup! could we get one of these per season?
Give Holly her own reality series or podcast, please. She's so watchable and likeable.
Imagine what that costs at her hourly rate.
She probably won't have the time
@@GrantValdes around 2000-3000 $ per hour
@@GrantValdes good god, I can’t even imagine.
Why do you need to say the word likeable out loud. Do you live your life through the lenses of instagram? 🤣
she explains everything so well, i would watch her do full episode commentaries lol
Yes! I definitely finished the video wanting more! If not her, a voiceover / Vox-style editing that could go deeper into the historical examples on mergers & acquisitions that she (the expert) mentions.
Not surprising that she explained things so well; she’s a partner at Sidley Austin (AmLaw/Vault 100) after all.
@@danielhou5832 box editing w her way of explaining would b crazy good
Fun fact: Sidley Austin, the firm she works at, is one of the highest rated lax firms in the US and has one of the largest revenue per partner ratio at 2.8B in profit for 2200 attorneys. Base salaries start at 215k for first year associates and climb to 450k after only 8 years.
Idk if that’s a fun fact, late stage capitalism is terrifying
Yeah, when she said who she worked for, it was like "Oh, so she KNOWS what she's talking about."
Just to clarify - she's a partner, which, depending on how Sidley Austin operates, either means she's an extremely high-ranking employee or essentially a co-owner.
@@ElusiveTy
Seeing how many partners that firm has, they must give it out the way banks hand out the 'vice president' title
Regardless, i'm sure they're very bright in their field.
@@jena.mw48law firms typically have two tiers of partnership, “non-equity partners” and “equity partners”. NEPs make a lot of money, but Equity Partners can make even more. At a firm like Sidley, easily north of at least $1mm per year. Law firms are structured as partnerships, equity partners definitely have more organizational power/impact vs VPs at your average bulge bracket. Equity partners are more on par with MDs if anything
5:59 “The other thing that’s unusual is that Kendall has clearly not done his homework.“ Well come on, not that unusual
in s1 kendall used to read and do plenty of research actually, in s2 too
@@ahabmalik7710 Nah he just gives the impression he's done all the groundwork, while actually just throwing around money, assets and promises he can't keep whenever he runs into a problem. It's only more obvious now, when he's weaned off the people that know what they are doing he can't even keep the the pretence.
he does his homework, but then he gets coke eyes for impossible dreams.
@@kilgoretrout321this is really what happens. Kendall also proves that he has the information in multiple situations only for Logan to totally ignore what he’s suggested. After a while I’m sure he just stopped trying.
I am a corporate lawyer myself, and this Sidley (one of the best law firms in the world) partner broke down all Succession’s corporate disputes, which are complex by nature, in a very didactical way. Impressive! 👏👏👏👏
"I'm something of a corporate lawyer myself" 🙂
Thanks!!
@@iteamy me after watching succession
Any books about corporate law that you would recommend? Something for leisure reading, nothing too complex. Thanks !
She's very soft spoken but also terrifies me. She must be great at her job.
That’s why she is a partner at the firm.
She's like a real life Gerri.
"Waystar will not be sold because then the show ends"
WOW this aged like fine wine
Well, I got it half right!
@@hollygregory7945 lol I think you got all of it right. Didn't you? I hope there's more of this sometime soon Holly.
@@hollygregory7945technically ur right though
@@hollygregory7945technically ur right though. Is really you? Wish I could meet someone like u in real life. U must've got some amazing stories to tell
I think it shows good media literacy. When a show gets to plan its ending, that’s how they do it: the war ends, the apartment gets sold, the store closes, whatever. It creates an environment where things can’t stay the same, and ideally we the audience come away understanding things _shouldn’t_ stay the same.
Please more of this! There's so much of Succession that goes over my head
“Waystar will not be sold, because then the show ends.” Sounds like a Logan Roy quote lol
Whoa! Did she give some kinda spoilers? Not sure if this video was before the season 3 😅
@@tanmaydeshpande2458 she was talking about the gojo deal at the end which happened in season 3.
And then waystar gets sold and the show ends lol!
she's so good at this I wish this episode was longer.
Season 3 was airing when I was taking my corporate law class in law school and I credit Succession with why I got an A.
Ugh. Career goals. Listening to her talk and do this breakdown is so gratifying.
I like how they just let her talk and don't interrupt her with clips mid-sentence like they do in some of their other videos
I just binged the show and while I loved it, I didn't understand a word of all the business stuff. Ms Gregory explains it all very clearly and I'm going to enjoy my re-watch of the show even more!
😊😊😊⁰😊😊
We need a part 2! I want more details on the poison pill defense and the difference between a bear hug and a hostile takeover.
Bear hug is a hostile takeover strategy. What do you think the bear does after hugging you lol
@@akshaydalvi1534 I was more curious regarding why they don't call it the same thing. Até there other types? What are they?
@@AmandaVieiraMamaesouCult A poison pill defence provides shareholders, but not the hostile acquirer, the right to purchase additional shares at a discount to their current price. What this does is make it harder for a hostile acquirer to get enough shares to gain majority control over a company. The difference between a bear hug and a hostile takeover is that a hostile takeover means the board has not approved a takeover. A bear hug is an offer to the board asking for approval, so it's more friendly. Lmk if this makes sense.
@@MrOzakibou Thank you, so much!
SA is one of the top firms in the world and she’s a partner. Her explaining these scenes is like listening to Jocko explaining combat scenes. Great video!!
Jocko fought against 3rd World Peasants, this lady battles the best of the best. Not even the same.
@@Eagle971 This a great point
@@Eagle971 did he tell you that?
@@Eagle971 Well, to be fair, 3rd world peasants who have known only war for a generation.
Was this lady the inspiration for Gerri? 🤣
We need a part 2. I loved this.
10:15 I remember this in Silicon Valley when Richard wanted few engineers but their parent companies were unwilling to let them go irrespective of the compensation fee so he instead bought the companies and fired the CEO's and other departments.
Thank you, that's exactly what I needed.....HBO should have had you do recaps after each episode' while the credits rolled.
Wow. This is so helpful. Succession is my fave show and this really help understand the bussiness jargon in the series
Her glasses are exactly like Gerri's! Also the pearly necklaces
I could totally tell she knows her stuff and it would do you well not to be on her bad side lol
Well she's literally a corporate lawyer I'd hope she'd know her stuff
@@carterisgod22 there are a lot of people who are in professions and are terrible at their job. You can graduate at the bottom of your class and still be a doctor. My point being, she seems well versed.
@@irvinbohac8460 Are you dumb? she is a Partner, obviously she would be well versed with all the nuances of corporate law. Also, she barely covered the basics of mergers and acquisitions so it is not even THAT complicated.
Was about time!! They have some awesome business dealt that’s worth explaining!!
I wonder how much she charged Wired for this.
Talk about billable hours!
Some voting stock and a chair on the board i expect.
Based on Sidley's billable rates probably over $1000 an hour lol
I've got the feeling she's not hurting for money
@@deepfried13 but it's always the richest ppl who r the greediest for money lmfao ppl who have more than enough will always want more
"Waystar will not be sold, because then the show ends", aaaaaaaand that's exactly what the ending of Succession is
_Holly Gregory, partner at the international law firm Sidley Austin, knows her corporate law_
If you know Sidley Austin's reputation, then you will know that that is quite an understatement :D
Such a good show, but exhausting to watch! Great to see how accurate it is.
How is it exhausting if it’s gud lmao oxymoronic sentence
@Senpai Jay maybe they get emotionally invested so it's more so enthralling than just entertaining
There's gotta be a corporate finance class using Succession as a syllabus, right?
lol it’s not that deep
The editing this time is making me wobbly with all the zooms
I always wondered how accurate this was
I really thought this was Gerri! She’s great! More of her please!
Yeah is this Gerri? Lol. Super interesting, I've always wondered how dealings and meetings are done with the ultra wealthy
This was fun to watch. She should do an update.
Wow, thanks to Holly & WIRED for this! I understand so much more now, especially how SO many Succession plot points are clearly inspired by real life events and company strategies and internal struggles of the Murdoch family. If you like Succession, The Murdochs: Empire of Influence is a fantastic watch and just as fascinating as the fictional tv show.
This was just a great supporting commentary for the series! 6:33 Top tier editing 🤣
i think i speak for all succession fans when i say thank you ms. holly bc i do not know what's happening 95% of the time
And here I thought I was the only one.😅
I need her with me every time I watch Industry
Succession. Such an amazing show!
Thanks Holly for enlightening me! Would love to watch the show again now
"Waystar will not be sold, because then the show ends" that is verbatim what happened lol
Please bring this lady back. She's Awesome
Thank you for explaining everything! This was a fantastic video!!
4:46 Did they use the phub intro music??
I don’t know who this lady is or how her resume reads but she comes across as basically a non Hollywood version of Gerri to me.
Very educated and well spoken on the ins and outs of heavy hitting corporate America.
My family has owned a business since I was 4 and I’ve been around it my whole life but I can’t even fathom owning a business so large that if you turn down someone’s offer to buy it you can actually go to jail since there are so many more people’s interests at stake than just the owner and his immediate family.
Mind boggling wealth.
Please get someone to do this for Industry!!!
yes pls!!
Pffft “Kendall should’ve done his homework” 😆
Bring her back for more and longer episodes pleeease 💪🏼💪🏼
I love her dry sense of humour, she's so funny
👏🏾👏🏾👏🏾 to the editor- fantastic job
Would love to see here tackle The Big Short.
We need one of these for Industry!
i always crack up when frank says “a badillion” in that scene
Petition to add her to the new season of succession
Agree!
Jerri II
Real life Gerry explaining Succession is not something I knew I needed
I could listen to her all day explaining corporate law
Holly “Cousin” Gregory: Attorney at Law
God, I love this show
Aah so Adobe did a bear hug to Figma, now I get it
This is really interesting and informative. Really good video and show!
“It won’t be sold because the show will end”
*season 4 is final season*
Spoke too soon
Holly is taking me to class, i like it
awesome commentary....thank you, holly!! the interaction with the Pierce family was epic.
More of this please.
This was such a fenomenal breakdown. Thank youuu for educating
I could watch an hour of this😊
the amount of jump cuts when she's speaking is astounding
Yes, it’s really distracting and unnecessary
Thanks for the explanation, Gerri!
Show is that good, I need an explanation like this after each episode
Why doesn't this have more views? It's so interesting.
the frequent edits and resizing of the speaker make this hard to watch.
This is Gerri in 10 yrs after Roman became CEO 😂
I wanna watch Succession with her, start to finish, over a bottle of wine and hear her commentary.
Please do one for Industry as well🙏
"Often there are children involved in the voting trust and there's nothing fundamentally wrong with that." Uh, the whole show is about how there is something fundamentally wrong with that.
she nailed it, waystar was sold and the show indeed ended
Holly YOU ROCK 🎉 PLEASE PLEASE CAN WE HAVE MORE HOLLY?????
Waystar will not be sold because then the show ends😌
That firm doesn’t hire dummies. I used them on a deal, very intelligent female partner, worth the freight. This lady knows her craft
Such a great video. Thank you so much! ❤ This expert is 🔥🧡
wow, thanks to this video, many things make now more sense to me after watching all seasons of Succession
Never enjoyed a talk full of business jargon in my life. Awesome woman!
Brilliant explications. Thank you for the informed and concise information.
Wired should do another video with Holly for season 4, and this time also ask questions about her favourite or most interesting deals.
something that has always confused me is that many characters remark on the financial health of the company and how good it is. several times investors look at the company like its a good place to invest, meaning the company must be able to produce some profits i presume. but how is the company also unable to pay back a $3 billion loan after 10 years?
Business school grad & M&A law professional here🙋♂️The issue wasn't that WayStar couldn't have paid the loan back eventually. That's why Kendall is so blown away by the bank's decision to seek immediate recoupment. Since the stock dropped below a certain price ($120), the bank could seek *immediate* recoupment. Even though WayStar is profitable (ie financially healthy), it doesn't have $3 billion lying around. Thus, the bank would take over $3B of the Roys' stock in the company. It's a sleazy move by the bank, but perfectly legal. Hope that clears things up.
are there any books which help me to understand the business terms ?
In the shareholder meeting episode they say how both the parties have spent around 100 million $ on the whole takeover thing. What’s that exactly spent on? Robocalling Logan?😝
Watching this after S4E3 😲😲😲
Great explanations.... okay now explain 'Boar on the Floor'
I loved this video, could you guys make one for Industry?
This was so good!
Thank you so much for explaining this to me Gerri!
Please do this for Industry!
6:55 or as Vito Corelone put it: "And offer [they] can't refuse."
Very informative, thanks for this!
"But Waystar will not be sold because then the show ends". Uh-huh