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.
Often common stock implies the existence of preferred stock, i.e. the investors got paid out in low sale and everyone else had no money available. The increasingly dominant private equity corp biz probably got a great deal. The class divide widens as usual
Often common stock implies the existence of preferred stock, i.e. the investors got paid out in low sale and everyone else had no money available. The increasingly dominant private equity corp biz probably got a great deal. The class divide widens as usual