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It’s basically a scumbag move to try to wear the former employees down. I imagine Twitter will just stonewall for as long as they possibly can. What real conse
by Waterluvian 3y ago
It’s basically a scumbag move to try to wear the former employees down. I imagine Twitter will just stonewall for as long as they possibly can.
What real consequences could the officers of the company actually face that would encourage them to behave like adults?
- deleted 3y ago[deleted]
- janalsncm 3y agoHow about prison time for executives who use the legal system in bad faith? Refusing to pay is not permissible.
- revscat 3y agoThis is America. Wage theft rarely gets punished, if ever.
- TulliusCicero 3y agoSorry, wage theft is done by people in corporations, therefore it doesn't count as real theft, so going to jail for it is almost impossible. If you wanna get away with a crime, do it in a company.
- jen20 3y agoIt need not be that way, as Sarbanes-Oxley demonstrates.
- TulliusCicero 3y agoAgreed, it doesn't have to be that way, but for most crimes, it's currently that way. The kinds of things that would get an individual sent to jail usually get a corporation hit with a fine.
- KingMob 3y agoI have this vague recollection that back in the 90's, some culture jamming collective tried to do adbusting defacement of billboards as an LLC, to avoid jail time. Might have been a CrimethInc. cell, I don't recall.
- JellyBeanThief 3y agoGive the plaintiffs significant shares in the company, transferred directly as a flat percentage from the other shareholders. You will find it very hard to reach C-suite level at any publicly company where you cost your shareholders that way. And since it would constitute a violation of fiduciary duty, executives would be able to defend themselves when they take action to avoid that happening.
- MattGaiser 3y agoGiven that it is a private company, would those share be meaningfully valuable? Plenty of ways to screw minority shareholders in private markets.
- wombat-man 3y agoI think lawyers will be happy to push the issue forever. There's a big payout down the line here.
- TheNewsIsHere 3y agoIn some places, and _generally_ California is one of them, certain executives and board members can be held personally liable for payroll issues. Of course there must be a legal case, and enough money can buy some great attorneys, but there are laws that enable payroll disputes to pierce the corporate veil.