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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Quetzalcoatlus · 46-50, M

Owners get the retained earnings once assets have been sold. Owners in corporations are the stockholders. CEO usually has a shit ton of stock. If they were a sole proprietor then they get it all after expenses..