2 ms·
Agreed. That said, IANAL but: > He's stopped paying most employees and arbitrarily pays vendors. That's questionable, and probably illegal. In many jurisdict
by nandemo 12y ago
Agreed.
That said, IANAL but:
> He's stopped paying most employees and arbitrarily pays vendors.
That's questionable, and probably illegal. In many jurisdictions, your company will have to pay fines for late salaries. Also, in case of bankruptcy, salaries take precedence over debt and payments to vendors. Even if your company hasn't entered bankruptcy yet, these payments will be scrutinized. So, besides the obvious moral issue, paying vendors before paying the salaries makes no financial sense.
> I promised every employee I'd find a way to personally pay them if the company didn't.
Why? It sounds like you're volunteering to be the fall guy.
- screwed_company 12y agoWell I felt I had no option. Everyone was nervous, and I couldn't have everyone just quit on the spot. I figured the few grand it'd take to pay a month of salaries, in the big picture, is only small amount compared to what I've lost. Of course, we'll sue and try to get the company to pay as much as possible.