Terms of Engagement
Posted on February 10, 2019
There are many aspects of my life, even as a publicly traded person, where dealings must remain private. For example, Fox Searchlight bought an option on my life rights in 2013. That deal had to remain under wraps for more than a year until the studio decided to make an announcement.
While I always keep the shareholders in mind, it’s important to establish the terms under which I enter private negotiations and eventually reveal the results. I rarely report that a deal didn’t happen after a private negotiation — for example, when I was discussing a book proposal with a literary agent, or the time I pitched a reality show to CBS.
So moving forward, when I’m contractually obligated to keep negotiations and deals private, this proposal sets forth the rules for how I will engage with the process, and my obligation to reveal the results.
I will only agree to a deal based on private negotiations with a shareholder (or an organization that has a shareholder member).
I will keep notes on any proceedings and reveal to the shareholders whatever results I am allowed to divulge, as soon as permissible.
The goal of any negotiation will never be personal enrichment, but to produce quality results that could ultimately raise the stock price.
In all negotiations I will keep two mantras in mind: “Live according to thy shareholder’s will.” and “What would a corporation do?”
Holding up these mantras, whether in private negotiations or not, will require continued interaction and conversation with the shareholders as well as continually learning from the great corporations of the world.
This vote will end on Feb 15, 2019. The exact terms of this vote may change during the open voting period based on shareholder feedback.