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by ryandrake 314 days ago
Yet the board and CEO will get paid... So they're not that out of money. Just out of money enough to screw everybody but themselves.

> Philz board members, which include former CEO Phil Jaber and his son, Jacob Jaber; representatives from investment firms Summit Partners and TPG Growth; and CEO Mahesh Sadarangani will receive payouts or bonuses from the deal.

1 comments

Salary takes preference over equity and debt in all liquidations.