How does the disbursement of money work for people who sell their companies?

If the founder and CEO of a start up company sells the company for someone else,is he/she entitled to all of the money or is anyone else in the company(e.g. senior staff,management)legally entitled to any of it?

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DunningKruger · 61-69, M

The only people entitled to any money are people who own stock in the company, or if they have some sort of other ownership stake in it. If the founder has never sold or handed out any stock or ownership percentage to others, all the money goes to them. Otherwise, it's split up among the owners depending on how much of the company they own.