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3 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation | Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Classifieds Jobs Autos Real Estate FEATURED » NEWS NOW Iraqi searches for the American Dream ... Mail Tribune 100: Dec. 24, 1915, continued ... UPDATE: Weather slows traffic; I-5 closures lifted ... Iraqi searches for the American Dream ... Mail Tribune 100: Dec. 24, 1915, continued ... UPDATE: Weather slows traffic; I-5 closures lifted ... Employees were so angry about Good's sale to Blackberry, someone broke a conference room window (BBRY) Comment By Matt Weinberger MailTribune.com By Matt Weinberger Posted Dec. 23, 2015 at 10:03 AM By Matt Weinberger Posted Dec. 23, 2015 at 10:03 AM » Social News Getty Images/Bloomberg When email security company Good Technology sold to BlackBerry for $425 million this past September — well below its last private valuation of $1.1 billion — a lot of employees felt burned, the New York Times reports. Good Technology filed to go public in May 2014. In September 2014, Good Technology shares were worth $4.32 to equity-holding employees. But the IPO never happened. When BlackBerry bought the company in September 2015, its lower purchase price plus the preferences exercised by venture capital investors left those same shares valued at $0.44. Worse yet, some employees had already paid taxes based on that higher value, according to the report. Adding insult to injury: The same documents that revealed the lower share price also revealed that Good's board had rejected an $825 million all-cash offer from CA Technologies in March of 2015. Employees, needless to say, were upset. "A few nights after the investor document went around, a glass conference room wall at Good’s headquarters was broken, according to an incident report," says the Times. It got so bad that then-Good CEO Christy Wyatt actually ended up having to offer counseling services to Good employees. Then in November 2015, after the deal was done, Wyatt left Good and BlackBerry. It's not a great outcome for Good Technologies, which was planning for its own $100 million IPO in 2014, but which never materialized . In fact, some Good employees, executives, and shareholders are seeking damages from the company's board, saying that this buyout definitely didn't have investors' best interest in mind. NOW WATCH: The new BlackBerry phone is actually a massive Android phone with a real keyboard See Also: BlackBerry has shut down one of its best enterprise features The ex-CEO of BlackBerry is being sued by members of his board for allegedly creating a 'serious trust crisis' The CEO of BlackBerry has attacked Apple's approach to user privacy SEE ALSO: This woman sold her company for $425 million in cash after her $100 million IPO died By Matt Weinberger MailTribune.com By Matt Weinberger Posted Dec. 23, 2015 at 10:03 AM » Comment or view comments Reader Reaction » STAY INFORMED Email NewsLetter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Southern Oregon Directory Featured Businesses Loading... Business Name address Location, ST | website.com Find Southern Oregon Attractions Bars Restaurants Beauty Salons Entertainment Doctors Medical Specialists Contractors Education Lawn Services Lawyers Shopping Travel Tanning Used Cars Wedding Services ▼ Add your business here + Events Calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Propel Marketing Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Mobile Site Stay Informed Email newsletter Sign Up Today Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. Your privacy is important, read our privacy policy. © Copyright 2015 Local Media Group, Inc. All Rights Reserved. Privacy Policy | Terms of Service | Local Media Group Publications Original content available for non-commercial use under a Creative Commons license, except where noted. MailTribune.com | P.O. Box 1108, Medford, OR 97501