The once-trendy, San Francisco-born coffeeshop chain Philz Coffee has struck a deal to be sold off to a private equity firm for $145 million, but any employees who bought stock are getting the shaft, as they won’t see a penny of that money.
  • CouldntCareBear@sh.itjust.works
    40·
    10 months ago

    I think that’s how it’s been justified but the company just sold so it’s not worthless anymore right? Can’t have it both ways.

    • khannie@lemmy.worldEnglish
      26·
      10 months ago

      That’s exactly correct. The only caveat is if it’s paying off debt but it sounds like a good old fashioned screwing.