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Maybe in their head they thought of it like

"oh you all are great I can't believe I just had to paid X for this/you, it was totally a steal!"




Even when you rephrase it charitably, it still sounds like the acquirer's CEO is talking trash about someone these employees have followed for years.

At best, it's a "you guys are great, but your ex-boss is a terrible negotiator and didn't know what you were worth." There's no reason to say that aloud.


It wasn't that the founder was a bad negotiator, he was just outsmarted. The agreed share price was tied to a metric that the acquirer understood much better than the founder.


Either way, it's a weird thing for the acquiring CEO to boast about at an all-hands.




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