2 ms·
Depends a lot on the context. In this specific one, where $250k is getting freed up immediately and some large percentage of the account will be available withi
by wpietri 4y ago
Depends a lot on the context. In this specific one, where $250k is getting freed up immediately and some large percentage of the account will be available within a week, then I'd be totally fine if the CEO says, "Oops, we got caught up in this, we'll do a partial payroll with what we have and get you the rest with a special check a week later."
On the other hand, if the CEO were saying, "Gosh, our company managed our cash so poorly that problems with one bank mean the company might go under," then I'd be looking for a new job pronto. Because not only would that mean notable financial mismanagement, but would also suggest that the business was not healthy enough that they could get a bridge loan or emergency investment.