The CAA leaders Bryan Lourd, Richard Lovett, and Kevin Huvane—along with their majority owners at private equity firm TPG—pulled off a coup in getting French billionaire François-Henri Pinault to buy out TPG’s stake in a deal that valued the agency at more than $7 billion. But that astronomical number made it all the more frustrating for CAA agents and employees—past and present—when they were told that the leadership would only let them cash in 10 percent of their equity in the company. Some of these agents have been waiting decades for a significant transaction, but because their shares were not sold—Pinault bought TPG’s stake in the agency, but not all of CAA—they were largely left out of a deal that has generated phenomenal wealth for, you guessed it, Lourd, Lovett, and Huvane. (TPG is an investor in Puck.)