3 ms·
But he wasn't just CEO; he was founder and probably still a significant stock holder. While all the shareholders bear some culpability, either: a. having enoug
by ealexhudson 5y ago
But he wasn't just CEO; he was founder and probably still a significant stock holder. While all the shareholders bear some culpability, either:
a. having enough capital in the business to pay severance, or,
b. firing people at the point before they stopped being able to avoid severance.
... are both better options than he should have taken.
- dylan604 5y agoSeverance, in the US, is not a given and is not a mandated thing. If a company is in financial distress, why does it seem that money to pay severance is magically available when they don't have the money to pay wages? Are you suggesting the writing on the wall should have been seen earlier so that they could have made the decision to dismiss the employees while the bank account was flush enough to cover severance?