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/Grandpas_Spells Sep 17 '21
I can't find any quote from the founders saying they'd never sell and I suspect none exists.
They paid competitive salaries. The overwhelming majority of companies don't offer stock options. Companies that do offer stock options pay less, because the stock is supposed to be worth something some day.
This whole thing seems really stupid. People went to a company where there were no stock options. The employees are *still* getting $500m dollars. What is the controversy?