What's you problem?

I'm in my mid-30s and have worked for a medium-sized book publishing company for the past five years. I've always been led to believe that I'd be in the running for the top job when the MD eventually leaves. But I've just discovered that my boss is considering selling the company to a large corporate.

by Jeremy Bullmore
Last Updated: 31 Aug 2010

I'm worried that if the sale goes ahead, I will be sidelined for a corporate man. Should I bail out now?

A: The way the publishing trade has been going for the past 30 years, you must have been half-prepared for this. Now that a sale seems imminent, however, you must have a proper conversation with your boss.

He or she may be reluctant to reveal all, of course - perhaps for perfectly good reasons - but you do need to establish a couple of things. If the sale goes through, will your boss be retained on a service contract or just pocket the money and go? And will he/she have any contractual authority over who runs the business after the takeover? Whatever you do, don't bail out before you know. But that doesn't stop you snooping around, of course.

Jeremy Bullmore has been creative director and chairman of J Walter Thompson London and a non-executive director of both the Guardian Media Group and WPP.

Address your problems to Jeremy Bullmore at: editorial@mtmagazine.co.uk. Regrettably, no correspondence can be entered into.

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