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I see your point, but let me counterpoint. Anybody with any financial sense should save their money and not spend it as soon as they get it. This is to prepare
by Clubber 3y ago
I see your point, but let me counterpoint. Anybody with any financial sense should save their money and not spend it as soon as they get it. This is to prepare for the drought years. Could this be something like that?
- tombert 3y agoForgive me, I'm not 100% sure what you're trying to say. You're saying that by giving a large severance to people no longer affiliated with the company, it's a form of saving money? I'm not trying to straw-man, I'm genuinely not sure what I'm responding to.
- Clubber 3y ago>You're saying that by giving a large severance to people no longer affiliated with the company, it's a form of saving money? No, I'm saying having a large amount of cash on hand is a hedge against drought periods. I suspect they have a certain monetary goal during donation drives, so meeting those goals is part of their funding strategy. Some drives exceed goals, some don't. They need to account for runway or future lack thereof. Replying specifically to this: >They will have messages like "If everyone reading this right now gave a buck then this donation drive would be finished in five minutes". In hindsight, it feels a bit deceptive even if it's not an outright lie. FWIW, 1.5x severance doesn't seem excessive to me, I wish that would be the industry norm for everyone. If it were, there'd be a lot fewer stressed out people right now.