From what I was told employees did well but not anywhere nearly as well as some of the numbers that had been initially tossed around (e.g. In regards to the contest winner that got options for signing people up). There were a lot of people that had to get paid before the employees got their cut.
That said no matter how you slice it, it was an impressive deal considering the company itself was burning cash like crazy and failing badly on their original mission of going head to head with Amazon. Well done to the team there. Only time will tell if saving Jet was ultimately a good move for WalMart.
That said no matter how you slice it, it was an impressive deal considering the company itself was burning cash like crazy and failing badly on their original mission of going head to head with Amazon. Well done to the team there. Only time will tell if saving Jet was ultimately a good move for WalMart.