re: Mad Men Season 7 Episode 7 "Waterloo" Midseason Finale

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I still can't believe they managed to make Pete a top 3 likeable character.

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I was trying to think of another character on a show that I hated so much at first and now think is awesome. I can't think of anyone that can top Pete.

California Pete!!

First episode Pete was hilarious. He was a louse out of some 50's B Movie...

"Hey Sweetheart, shorten that skirt and put on some makeup and you'll be a regular tomato..."

his delivery is really great. i even liked his character during his dark/scummy/non california days.

What an amazing episode. This season had three of Mad Men's best episodes ever ("A Day's Work," "The Strategy," & "Waterloo") in only a seven episode half season. I don't know how anyone can continue to say Mad Men has lost its way after this year.

The Cooper dance was strange at first for me, but after my rewatch I almost burst into tears. It's one of the most beautiful actor/character sendoffs I've ever seen. Not sure why a few people think this didn't match the tone of the show. Don has had hallucinations from the very beginning. This might have been the best one he's had with the most meaningful life lesson for him and for us watching.

I believe that Weiner had this episode in his pocket from the premiere of the series. I bet he knew he would send Robert Morse off with a musical scene in the moon landing episode in the final season.

The one thing that has bothered me a bit about this season is Joan's action towards Don. I hope this is explained more next year in a scene with them. I understand where she's coming from, but it seems a bit extreme.

Until next year!

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No one else from SCP will get to be a partner unless they are approved by the McCann/Erickson board.



If that's the case, who owns the final 49% of SCP?

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First, who owns the 49% is irrelevant to the first statement because 51>49. Second, the SCP partners own the 49%.

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Or they could set up a new company where M/E owns 51 percent of the company and SCP owns 49 with Roger as Pres of that entity.

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i think that's what they're going to do. because they're all selling their shares. i also thought Don was on equal footing shares wise with Roger and Bert

Since we dont know exactly what business structure SCP is it is tough to determine what would be the best buy out option.

However, it is probably not an LLC (since those didnt really materialize until the 80s or so). A strict partnership maybe, but that strains credulity considering all the other buying and selling and merging that has happened. However, they do always call themselves "partners" and not directors or officers. Id imagine though most likely it is a straight corporation, privately held.

So the easier solution would be for all the living partners (really shareholders) to sell half of their shares to M/E and M/E buy all of Bert's shares (proceeds of which would go to his heirs). Then M/E becomes the majority shareholder of SCP and can appoint its directors and officers.

Of course there is probably a life insurance on Bert with SCP as the beneficiary, so they will have that money coming to them. Normally this would be used to pay Bert's heirs to buyback his shares.

If it is a partnership, they can either allow for this new partner to join at the 63 million buy in (representing half) and split the proceeds along partnership lines. Or they could sell their partnership units on a pro rata basis as above in the corporation hypothetical.

Man, some MBA grad student could write a thesis on this. "Analyzing the M/E Buy Out and Tax Implications Offer under Separate Business Structures".

If it is a partnership it is automatically dissolved when >50% of the partnership is exchanged within 12 months. Therefore they will have to become a new entity and basically everyone's percentage gets cut in half and still shares in the p&l.

What's interesting to me is llp's are a new phenomenon so maybe they are an llc taxed like a partnership.

They´re probably a C corporation.