3 ms·
The very first paragraph talks about a signing bonus. It is very common practice to claw back signing bonuses if you don't stay a predetermined amount of time.
by pxx 3y ago
The very first paragraph talks about a signing bonus. It is very common practice to claw back signing bonuses if you don't stay a predetermined amount of time. From the article:
> Signing bonuses aren’t unusual in the mortgage industry, and they were particularly big during the recent boom. Neither are attempts to get them back, especially in the current bust.
- dharmab 3y agoThe objectable part is that the employees were fired right before the clawback period ended. Depending on the legal jurisdiction, there may be a strong case that the employees should keep at least part of the bonus. https://en.wikipedia.org/wiki/Good_faith_(law) https://en.wikipedia.org/wiki/Good_faith_(law)