4 ms·
> It can now only be sold if the majority of employees vote to accept the sale Maybe I'd be wrong, but I feel like it would be far easier to buy a company from
by alehul 8y ago
> It can now only be sold if the majority of employees vote to accept the sale
Maybe I'd be wrong, but I feel like it would be far easier to buy a company from a group of middle-class minority shareholders than a couple wealthy owners. A big payout sounds easier to refuse if you're already satisfied financially.
Are we sure that remaining independent is the motivation here?
- Retric 8y agoIt’s not nessisarily a big payout when you get ~1/1,000 of it.
- alehul 8y agoWith 140 employees and assuming equal distribution of the 75% I believe they were giving out, it's around .5% ownership or 1/200. Not huge, but at a $100M buyout offer (didn't they have $25M in sales, and growing?), we're talking $500k a head. Even at a $25M buyout, its $125k a head. That type of money is enough for a middle-class family to usually succumb.
- Retric 8y agoThose numbers seem rather high. Profits are on the order of £2.5m/year ~(3.25 million $) so / 140 and your talking a 23k/year annual bonus. On top of that selling the company likely means the jobs not only pay less, but are also worse.
- CPLX 8y agoWell sure but then you’re left with a company full of skilled people who the company depends on, that you just made financially independent.
- neves 8y agoNice point of view. Buying the company for their talent would make the talent abandon the company. A self-defeating prophecy!