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It's not always that simple. Making several thousand payments totalling as much as $100m is not "clicking a button". The process of making those transfers could
by danpalmer 4y ago
It's not always that simple. Making several thousand payments totalling as much as $100m is not "clicking a button". The process of making those transfers could be days or even weeks long. Payroll processes and the actual transacting involved typically take at least a few days.
- deepsun 4y agoI clicked that "Pay Now" button in my business. Nothing really that complex there, once the amounts are calculated (usually by automated programs). The rest is just regular ACH transfers, which take 2 business days to clear.
- JumpCrisscross 4y ago> process of making those transfers could be days or even weeks long Every payroll processor worth their salt has a big red abort button. Worst case: funds hit flagged and are then reversed.
- thanksgiving 4y agoScrew that. If the recipient of the bonus is CXO level or higher, I’d say the government has a duty to claw back this money.
- danpalmer 4y agoFor that I would agree! They're directly responsible for this mess. However almost every bonus is not a CXO bonus, and I think clawing those back would be the wrong decision, and could be quite harmful to many.