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How does a company stay private if it's underpaying its employees, and their only chance of breaking even is the IPO? Or alternatively, why would employees choo
by melted 11y ago
How does a company stay private if it's underpaying its employees, and their only chance of breaking even is the IPO? Or alternatively, why would employees choose to stay after the company decides not to IPO?
- gozur88 11y agoI worked at a company like that in the late '90s. For years we were perennially "six months away" from IPO until the bubble burst. When people realized the IPO was never actually going to happen there were some pretty large salary adjustments. Eventually (after I left) they were bought by a competitor.