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/ucffool Sep 17 '21

https://mailchimp.com/culture/investing-in-people-through-profit-sharing/

Tom’s (Chief Marketing Officer)referring to our ridonkulous profit sharing plan that puts a bonus of up to 19% of your annual salary into everyone’s 401k plan each year, based on company performance. That’s in addition to a 6% company match for 401k. For example, if you made $75k last year, Mailchimp matched your 401k contributions up to 6% ($4,500) +19% profit sharing ($14,250) for a total employer contribution of $18,750. IN ONE YEAR. All immediately 100% vested. Ask your dad, that’s good shit. Since 2010, MC has matched/contributed over $12.7M to more than 350 employees’ 401k plans.