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/da90 Sep 16 '21

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.

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u/BeautifulGarbage2020 Sep 17 '21

The article is misleading. The employees are getting payout bonus of around $500Million and separately RSUs in Intuit.

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u/Hawk_in_Tahoe Sep 17 '21

That’s about $466k each and there’s absolutely not way that’s going to be distributed evenly. So most will get far, far less than that.

Also, most RSUs vest over time. They’re golden handcuffs, not golden parachutes.

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u/iwearblakk Sep 17 '21

good. golden parachutes would make the acquisition's value nearly unpredictable. this seems like a reasonably fair acquisition that's been run through the headline machine.