An IPO is a cashout. It's almost always certain that there are many key players in the company who had stake that no longer do. This is not a "fuck MBAs" thing.

An IPO is a cashout. It's almost always certain that there are many key players in the company who had stake that no longer do. This is not a "fuck MBAs" thing. It is much harder to keep a business aligned with its initial purpose (and even customer interests) when it is public.