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re: Marucci Sports Sold for $200M
Posted on 3/9/20 at 9:02 am to Tigeralum2008
Posted on 3/9/20 at 9:02 am to Tigeralum2008
I hope some of those employees had some stock to make a little cash before they get "restructured" out the door.
Posted on 3/9/20 at 9:19 am to BottomlandBrew
I hope some of those employees had some stock to make a little cash before they get "restructured" out the door.
In this day and age, I'll eat my shoe if more than one or two employees (non-owners) saw any remuneration from the sale for their years of intellectual contributions and sacrifice to help get a small company off the ground. There will undoubtedly be many employees who were instrumental in helping build this company that are asked to leave, or take a reduction in salary, in the not-too-distant future due to "expense restructuring". They can say goodbye to those nice medical benefits too. The new owners already have a plan for increasing profitability, and there is never such thing as loyalty to existing staff. In my line of work, I see this happen almost daily.
In this day and age, I'll eat my shoe if more than one or two employees (non-owners) saw any remuneration from the sale for their years of intellectual contributions and sacrifice to help get a small company off the ground. There will undoubtedly be many employees who were instrumental in helping build this company that are asked to leave, or take a reduction in salary, in the not-too-distant future due to "expense restructuring". They can say goodbye to those nice medical benefits too. The new owners already have a plan for increasing profitability, and there is never such thing as loyalty to existing staff. In my line of work, I see this happen almost daily.
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