65-year-old CEO turned at least 88% of his employees into millionaires after selling his company for $70 million
Publishing timestamp: 2024-07-24 14:45:02
Summary
Jay Chaudhry, founder and CEO of Zscaler, focused on turning his employees into millionaires when he sold his first company. By selling SecureIT to VeriSign in an all-stock deal, more than 70 of his employees became millionaires as VeriSign's stock price soared. Chaudhry credits his ability to give employees stock to his bootstrapping approach. This story is similar to Mark Cuban, who also turned his employees into millionaires after selling companies.
Sentiment: POSITIVE
Tickers: VRSN,
Keywords: entrepreneurship, verisign inc, mark cuban,