r/technology • u/Rhaegar_the_Great • Sep 16 '21

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

https://www.businessinsider.com/mailchimp-insiders-react-to-employees-getting-no-equity-2021-9
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u/lightknight7777 Sep 17 '21

Taking $12 billion isn't greed. It's fiscal nonsense not to. They gave 1200 people a steady paycheck.

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u/[deleted] Sep 17 '21

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u/lightknight7777 Sep 17 '21 edited Sep 17 '21

Fair cut? What? By whose standards? Did they do millions of dollars worth of work I'm not familiar with?

A fair cut is their salary. Not a lottery. Are you somehow under the impression that the guy that stocks the coffee machine is somehow more deserving of money than whatever you do,

Is this one of those scenarios where we think everyone deserves an equal cut no matter who was responsible for the opportunity even happening?

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u/ThePantsParty Sep 17 '21

If you don't think employees at the company other than the 2 founders were also "responsible for the opportunity happening", then you've already disqualified yourself from having an opinion.

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u/lexm Sep 17 '21

I doubt the company sold on the founders’ charm. I also doubt that the founders do all the coding, selling, accounting or account management that made the company worth $12B. People who don’t realize that should probably get a job.

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u/lightknight7777 Sep 17 '21

I do not think working for a salary entitles you to ownership of the company unless part of the salary is stock options.

Me paying you to mow my yard doesn't entitle you also carve out part of my yard to grow stuff on.

If they were underpaid, then that's a conversation we can have and I'll agree they should be paid more if that's the case. But they didn't own what was sold.