Do Privately-Held Controlling Interests Sell For Less?

John R. Phillips, CPA, CFA, is a Principal in the Los Angeles office of Putnam, Hayes & Bartlett, Inc., an economic and management consulting firm with offices in Cambridge, Washington, D.C., London, Palo Alto and Los Angeles. He is a candidate member of ASA.

Neill W. Freeman, CPA, is a Managing Director in the Los Angeles office of Putnam, Hayes & Bartlett, Inc.