Consider a case where let's say the founder of an extremely successful yet 50 person software company sells the company for an ungodly sum ($250mil+) to Corporation X but as a part of that deal this founder doesn't provide any equity to 80% of his/her employees who helped build the company?
What should they do then?
In a perfect world, where the government doesn't restrain the company from firing everyone and hiring new employees, I'm fine with it. I wouldn't want to participate, but I see no reason why it would be a unfair.
> Consider a case where let's say the founder of an extremely successful yet 50 person software company sells the company for an ungodly sum ($250mil+) to Corporation X but as a part of that deal this founder doesn't provide any equity to 80% of his/her employees who helped build the company?
> What should they do then?
Either continue working for the new owners or find employment elsewhere.
If employees wanted equity, then they should have negotiated that as part of their terms of employment.
Call collective bargaining what it is, state-sanctioned extortion. "Give us X or we'll walk out. No, you can't hire a replacement either." Imagine if your auto mechanic or doctor or plumber could to this to you.
Not that it isn't necessarily justified; seeing the working conditions at, for example, Amazon's warehouses improved more than warrants it. But let's not pretend it's something it's not.
>...this founder doesn't provide any equity to 80% of his/her employees who helped build the company? What should they do then?
A talented, highly educated workforce of developers somehow collectively failed to read their employment contracts and understand the risks/rewards of their compensation? What they should all do is smack themselves on the forehead.
[1] https://www.nlrb.gov/resources/national-labor-relations-act
Using that kind of sensational language to describe something routine makes it hard to take you seriously.
Medical doctors, university professors, and librarians are largely unionized. Do you believe the American Association of University Professors threatens colleges with arson when negotiations aren't going the way they want them to?
History?
> Medical doctors, university professors, and librarians are largely unionized.
Doctors aren't exactly a union - they're a licensing body. That distinction matters rather a lot for this discussion. (No licensing body has ever threatened, let alone carried out, violence to prevent outsiders from taking jobs, to the best of my knowledge, but unions have done so regularly. On the other hand, licensing bodies have the authority of the state behind them, so maybe it's just somebody else who does the violence...)
You're right that the AMA has never threatened or carried out violence, but then again, neither have any professional unions I've ever heard of.
For the record, I've spent ~6 years in unionized workplaces and never heard the school teachers, university professors, or government employees who had union cards conspire to commit violence. I would recommend reading about professional unions before decided that they are violent based on "History?".