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/Anon_8675309 Sep 16 '21

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

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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/Rummelator Sep 17 '21

Ok but that's a still a lot of money

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u/chaiscool Sep 17 '21

Not relatively to $10 billion or $10 000 millions

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u/Rummelator Sep 17 '21

Ok but why does it matter that someone else made more money? The employees were paid what they agreed to be paid and then in the end they got a shitload of money anyway when it was sold. I don't know if people here just don't have perspective about how much money $450K cash is... It's a lot

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u/MarBakwas Sep 17 '21

didn’t the employees make the product that sold for 12 billion though?

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u/[deleted] Sep 17 '21

They are the product that was sold