Public Vs. Private

Hey, I currently work for a private firm proportionately owned by senior principals. Very generous in terms of perks and lenient in terms of start/end times, holidays etc. It was announced last week that the company will soon be going public. I think this is a good thing for the senior guys who are going to basically cash out with the shares being allotted to them, but is this bad for the avergae worker? Whats your take?

Depends on what the new management plan to do with the company.