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To add my own similar anecdote, they mailed me a check (overseas, I might add). I didn't cash it, as it seemed like LJ needed the money. I am likewise glad to
by g_p 6y ago
To add my own similar anecdote, they mailed me a check (overseas, I might add). I didn't cash it, as it seemed like LJ needed the money.
I am likewise glad to see another try, but hopefully it won't try to emulate a generic tech/Linux blog. They had a niche for deep dives and original content, but I wonder how viable that really is in 2020.
- Hello71 6y ago> I didn't cash it, as it seemed like LJ needed the money. I don't think this is particularly useful. For professional accounting purposes, uncashed outgoing checks are liabilities, meaning that in general, the company cannot spend that money to do other things. If you want them to keep the money, you need to tell them that. Otherwise, the money effectively gets split between the bank and the government.
- ska 6y agoI think this is more generally true - the existence of the check has no bearing on the liability; it's only when you cash it that liability is resolved (i.e. it's the bank transaction that resolves things, not the check)
- pdonis 6y ago> For professional accounting purposes, uncashed outgoing checks are liabilities Even accounts payable that haven't had checks written against them yet are liabilities. Which makes your advice that you need to tell them if you want them to keep the money even more important.
- ericbarrett 6y agoImportant to know that in many US jurisdictions, uncashed checks eventually "escheat" to the state as unclaimed property. (I was unaware of this until looking up accounting procedures for uncashed checks.)
- brantonb 6y agoThis was an excellent Planet Money episode about how a guy bought AMZN stock to hold but it got escheated because he didn’t log into his brokerage account. Needless to say, what should’ve been a small fortune… wasn’t. https://www.npr.org/2020/01/24/799345159/episode-967-escheat-show https://www.npr.org/2020/01/24/799345159/episode-967-escheat...
- mook 6y ago> They had a niche for deep dives and original content, but I wonder how viable that really is in 2020. LWN.net seems to have excellent in depth original content; they get linked here occasionally. Perhaps that's an indication that that sort of thing is still viable. Hopefully they stay around for a long time yet.
- zorked 6y agoPro-tip: if you work for one of the Big Tech companies there may be a spreadsheet somewhere where you add your email and get LWN access, which I assume also increases the amount of money they get paid.
- corbet 6y agoWe (LWN) pay for articles too, and we don't even need to use our credit card :) If you would like to write for a highly technical and engaged audience, we'd love to hear from you; see https://lwn.net/op/AuthorGuide.lwn https://lwn.net/op/AuthorGuide.lwn for more information.