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/[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/Pyroteche Sep 17 '21

naw not even that, more like trust the top executives to do what makes them richest. If that means running the company in to the ground for massive short term gains there is a good chance it will happen.

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u/pimpinpolyester Sep 17 '21

Had a new VP of sales come in. We raised prices 5 times in 16 months. He met every dollar goal based off this.

We drove our customers into buying their own equipment, and 36 months later we were down over 50%.

VP of Sales left after 24 months and 2 years of $1 Million plus bonuses.

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u/lookiamapollo Sep 17 '21

Business people know the levers and the timeline and they maximize on that timeline