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.
  • khannie@lemmy.worldEnglish
    26·
    3 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.