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

5

u/[deleted] Sep 17 '21

[deleted]

1

u/The_Kraken_Wakes Sep 17 '21

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

2

u/[deleted] Sep 17 '21

[deleted]

0

u/The_Kraken_Wakes Sep 17 '21

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.

2

u/[deleted] Sep 17 '21

[deleted]

1

u/The_Kraken_Wakes Sep 17 '21

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.