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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)

Citation
Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
Parent Document
Dunn v. Enterprise Rent-A-Car Co., 170 S.W.3d 1 (2005)
Jurisdiction
Missouri (state)
Effective Date
2005-04-12

Other Sections in This Document (84)

Full Text

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Enterprise is a privately held company and the majority of the company is owned by the Taylor family. In May 1998, O’Connell directed Dunn to begin investigating issues to enable Enterprise to prepare for an IPO. Dunn testified that Enterprise’s senior management received high cash compensation and the company could not go public with such high levels of cash compensation. Dunn worked on the issue of executive compensation for an IPO for over a year. Dunn recommended that Enterprise use stock options as a substitute for cash to address the compensation issue, which the company began doing in 1999.