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Yet the board and CEO will get paid... So they're not that out of money. Just out of money enough to screw everybody but themselves. > Philz board members, whi
by ryandrake 1y ago
Yet the board and CEO will get paid... So they're not that out of money. Just out of money enough to screw everybody but themselves.
> Philz board members, which include former CEO Phil Jaber and his son, Jacob Jaber; representatives from investment firms Summit Partners and TPG Growth; and CEO Mahesh Sadarangani will receive payouts or bonuses from the deal.
- lazide 1y agoSalary takes preference over equity and debt in all liquidations.