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Elsewhere in this thread it's said that in the compensation package there's a big payout if the company is acquired. Though I can't imagine how huge it would ha
by sbierwagen 6y ago
Elsewhere in this thread it's said that in the compensation package there's a big payout if the company is acquired. Though I can't imagine how huge it would have to be that paying each employee six months of salary is cheaper.
- easton 6y agoThey created that rule with the plan that Basecamp would never be bought out or acquired though. If they were planning something we would've heard something, although their business model/culture is basically the opposite of something that someone would want to acquire. It's biggest feature is that it doesn't feel like enterprise(tm) software.
- asdfasgasdgasdg 6y agoI highly doubt losing 30% of the talent, including a big chunk of built up institutional knowledge, is going to make them a more attractive buyout target. Would you want to acquire a company with maybe a little too much internal political discussion? Or one that just spent a million of dollars to buy out their entire iOS team, low and high performers alike? To me it seems like I'd much prefer the company with the iOS team, all other things being equal.