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“X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases—and Big Fees
(www.motherjones.com)
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this post was submitted on 04 Sep 2023
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I worked at a company (as briefly as possible) where an advisor came in and did this. He started listing off who we actually needed to pay on our rotating debts and who we could put off and how long. When I left, within 3 months several very important vendors were calling asking if I could do anything to help them out. I told them if they stopped sending supplies that would probably help the process.
Somebody running a business actually needed to be told this?
Many sub contractors live on the mercy of the companies they supply. That forces them to show more goodwill than they want.
I remember a couple years back when Ericsson unilaterally decided that they would stop paying their bills after a month and instead changed it to three months. So, do you want to piss off the biggest company in the region or do you just say "Thank you, sir"?
As an aside, what kind of amoral sod goes around teaching companies what bills they can ignore and how morally bankrupt must you be to listen to them?
Capitalism has no moral component. In fact, quite the opposite in its purest form.
When your neck is on the chopping block anyway, I guess you see how long you can spin out your last words.
Tomorrow is a better day to die