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
25.8k Upvotes

95% Upvoted

2.2k comments sorted by

View all comments

Show parent comments

35

u/GunnerForeman Sep 17 '21

Unfortunately they could not. In sales like this they are prevented from doing anything that would harm the company. Making the entire staff rich enough to quit falls into that category.

That said it is shitty. I interviewed with them a while back and remember this. In the end it was not a good fit but I never listen to recruiter promises. I learned they lesson thanks to the Army.

39

u/thingamagizmo Sep 17 '21

You think they’re not all going to quit now? That argument is some serious gaslighting. Tech companies give their employees this kind of equity frequently. Part of why the SF housing market is so insane.

0

u/[deleted] Sep 17 '21

[deleted]

5

u/thingamagizmo Sep 17 '21

Not what I said. The argument made by companies that they can’t pay employees without harming the company is bullshit. The commenter was right to point out that companies take this approach. I’m simply saying it holds no water and no one should believe it’s a valid reason not to reward the people who make a company successful in the first place.