Amazon bought Eero for $97M and employees still got screwed

Re:Amazon bought Eero for $97M and employees still got screwed by toomuchtodo on Friday April 05, 2019 @06:48PM (#19587760)

I have been involved in M&A activity, and when we (owners) bought a failed competitor for clients and assets, we wiped out the owners (who had misstated some financial factors of importance) and made the employees whole (who had all been stiffed on pay). We didn’t have to, but it was the right thing to do.

Everyone has different morals and ethics I suppose.

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Re:Amazon bought Eero for $97M and employees still got screwed by kevinpet on Friday April 05, 2019 @07:14PM (#19587922)

Totally different situation. You can't think of this "getting screwed" as employees qua employees getting screwed. These are common stock holders getting screwed while creditors are made whole and preferred shareholders recoup some of their investment.

Employees who had been stiffed on pay are effectively the first priority creditors. Common stock is last.

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Re:Amazon bought Eero for $97M and employees still got screwed by arcturus17 on Friday April 05, 2019 @07:11PM (#19587896)

But if you're the guy doing M&A at Amazon how do you sell that to your boss, who has to sell it to Bezos, who at the end of the day has to sell it to stakeholders.

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Re:Amazon bought Eero for $97M and employees still got screwed by toomuchtodo on Friday April 05, 2019 @07:31PM (#19588040)

Good PR is cheap and people talk.

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