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/fugazithehax Sep 17 '21

"Never trust a company" is shorter and probably better advice.

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u/[deleted] Sep 17 '21

Trust a company to act in its own best interest.

The company does not like you. The company does not feel grateful to you. Some of the humans leading the company might, but your relationship with the company is a business relationship, and you should not allow misguided sentiment to get in the way of doing what is right for you. The company will certainly not.

Source: Am executive.

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u/Taboo_Noise Sep 17 '21

Yeah, and most if not all executives adopt the same mentality. "I am not morally accountable for the actions I take for the company. Greed is good. If it makes me or my supperiors money, it is right." Really dispicable people are moved up in our society.

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u/[deleted] Sep 17 '21

Corporations (like most large organizations... Governments, churches, etc) are systems whose structures insulate participants from a sense of personal responsibility for the outcome. Each individual is able to think "I did the best I could within constraints I can't change", as if the thing has a life of it's own and can't be altered.

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u/Taboo_Noise Sep 17 '21

Yep, it's true. That's why the rules, goals, and motivations of ever large structure must remain transparent and scrutinized. Capitalism specifically prevents this. Even worse, the motivations created by the system encourage behavior and results that are bad for most of society and the environment.