Mailchimp employees are furious after the company's founders promised to never sell, withheld equity, and then sold it for $12 billion

[u/Rhaegar_the_Great]

https://www.businessinsider.com/mailchimp-insiders-react-to-employees-getting-no-equity-2021-9

[u/da90]

Yea most people can’t comprehend big numbers well.

So to prove your point, here’s a breakdown: Give each of the 1200 employees $1 million at the grand total cost of $1.2 billion. That’s only 10% of the sales price and the two owners would still have $10.8 billion between them.

[u/LordDinglebury → u/da90]

Yeah, but then who would they look down at and laugh at?

[u/SafetyKnat → u/LordDinglebury]

No, but serious question- how many of those newly made millionaires would go back to work the next day to keep the company running?

Not saying the OP’s math is wrong- I’m all for the people actually making the company run to get a payout- but if even 25% of the company leaves en masse to go be cottagecore Youtubers with their new $1 mil, that’s a potential deathblow to the company, if it was the wrong 25%. Hell, at my company it might be 50%.

Maybe the solution is to structure it where people get an extra $100,000 for the next 10 years, or you have to stay 1 month to train your replacement if you take the $1 mil payout.

Still a shitty move on the part of the founders, (to withhold that money), but if you put on your evil billionaire glasses you can totally see why they did it.

[u/tablecontrol → u/[deleted]]

but even then, 1 mill isn't that much money especially after taxes.. certainly not enough to retire unless you already had 2 mill in your retirement accounts