Silicon Valley’s Mark Tanoury has a problem. Yet another company wants to hire him.
A multibillion-dollar health care company plans to spin off a business and wants Tanoury, the head of Cooley Godward’s business department, to advise the new entity. “This could be a huge home run, and we’d all be millionaires,” says its associate general counsel. The in-house lawyer claims that the spin-off will have $2 billion in revenue right off the bat. And although the not-yet-existent company doesn’t even have a CEO lined up yet, the lawyer predicts that it can go public in three or four months or soon be bought for a princely sum. But even with this rosy prognosis, the company lawyer knows he needs a sweet deal to snag Tanoury. “We understand how busy everyone is,” says the associate GC.
