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You missed the point, they take the money as dividens. They are not selling their stock for that $20M lump. The only 'foul' thing here, is that their employee
by Murkin 15y ago
You missed the point, they take the money as dividens.
They are not selling their stock for that $20M lump.
The only 'foul' thing here, is that their employees (option holders) will probably get nothing.
- sek 15y agoThey sold shares for 20 Million to the investors to pay out this dividend, so the outcome is the same.
- sek 15y agoAm i wrong?
- philwelch 15y agoWell, and that investors are being asked to "invest" millions of dollars into the founders' personal wealth.
- prostoalex 15y agoI don't pretend to know the ins and outs of this, but the dividend is to common stock. What if the next step after closing the deal would be founders telling employees to exercise as much as possible, and then announce the dividend? Granted, most of that money would probably have gone towards AMT, but let's not vilify AirBnB before we hear their end of the story.