Chapter 19 - Reid loses the managing-partner promotion
Not because the firm punished him for having family problems.
Because the process uncovered another issue.
Martin Shaw and the committee learned Reid had used a client-development dinner in his home while privately under enormous family stress and had tried to control the environment through inappropriate child discipline.
They questioned judgment.
More importantly:
Reid himself withdrew.
He told the committee:
“I am not in position to take on more responsibility right now.”
The firm appointed another partner.
Did Reid lose money?
Yes.
Estimated first-year compensation difference:
Around $480,000.
Did the company collapse?
No.
Did colleagues blacklist him?
No.
He remained senior partner.
Some respected the withdrawal.
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Some thought he damaged his future.
Both may have been true.
