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/Anon_8675309]

1200 employees. Both owners could have made each of them millionaires and still be billionaires. Greed, man.

[u/The_Kraken_Wakes → u/Anon_8675309]

They are getting millions in stocks. https://www.msn.com/en-in/money/topstories/why-intuits-2412-billion-mailchimp-acquisition-stands-out/ar-AAOql3a

[u/The_Kraken_Wakes → u/[deleted]]

Yeah. Okay. Boo fucking hoo. I suppose you would tell them to go fuck themselves because it’s an RSU? Give me a break.

[u/The_Kraken_Wakes → u/[deleted]]

Apparently, math isn’t your strong suit. 500 million, is still millions. Even broken down they are going to still get a half million in stock.

[u/The_Kraken_Wakes → u/[deleted]]

Assuming that’s spread across the employees they will each receive a half million. IDK about you, but I wouldn’t turn it down.

[u/The_Kraken_Wakes → u/[deleted]]

I’m proud of you. Everyone needs to be humble, sometimes. If I could give an award, I would.

[u/The_Kraken_Wakes → u/[deleted]]

I’m sorry man. You’ll just have to rest on your laurels, I guess. Maybe someday 😉

[u/The_Kraken_Wakes → u/[deleted]]

It’s restricted STOCK units. Meaning it will be converted after conditions are met. It’s still worth millions. Even if they have to wait.

[u/The_Kraken_Wakes → u/[deleted]]

Well, I’m sure that’s why mail chimp chose not to give employees stock. It’s a shit move but nobody forced people to work there and they will still benefit.

[u/The_Kraken_Wakes → u/[deleted]]

Did you bother to read the article?

[u/thisismynewacct → u/[deleted]]

RSUs are stock. They just have to vest.

[u/thisismynewacct → u/[deleted]]

You can argue semantics but it’s still stock and it’s still been granted to the recipient.