I feel like schemes like this warrant a law that you’re failing your fiduciary duty as a company owner and can be sued by any of the stakeholders for it if you can’t prove failure to at least break even is due to genuine misfortune. Not even gross incompetence, that should just get you sacked with a dunce cap on top of having the company broken off and sold to a bidder that isn’t hellbent on stripping it for parts.
That or company owners are only allowed to draw funds from the company’s profits and funds coming from anywhere else, including from layoffs and corner cutting, are seized at 150% the value stolen and the company owners involved get treated as though they had committed embezzling so long as the books can indicate that the executives and owners drew more in compensation than was recorded as profit.
So basically, any time a company lets people go that’s stealing, and you want there to be a court thing that judges whether any particular loss was due to mismanagement or “genuine misfortune”?
That seems like a pretty extreme response to high delivery fees don’t you think?
If the executives could have just had less pay, yes, cutting someone off from their entire livelihood is theft. Especially if there wasn’t even cause like criminal behavior or inexcusable misconduct.
And I think it’s perfectly fair to just assume executives are lying about everything they say since *gestures wildly at all the everything since as far back as Smedly Butler.
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I feel like schemes like this warrant a law that you’re failing your fiduciary duty as a company owner and can be sued by any of the stakeholders for it if you can’t prove failure to at least break even is due to genuine misfortune. Not even gross incompetence, that should just get you sacked with a dunce cap on top of having the company broken off and sold to a bidder that isn’t hellbent on stripping it for parts.
That or company owners are only allowed to draw funds from the company’s profits and funds coming from anywhere else, including from layoffs and corner cutting, are seized at 150% the value stolen and the company owners involved get treated as though they had committed embezzling so long as the books can indicate that the executives and owners drew more in compensation than was recorded as profit.
So basically, any time a company lets people go that’s stealing, and you want there to be a court thing that judges whether any particular loss was due to mismanagement or “genuine misfortune”?
That seems like a pretty extreme response to high delivery fees don’t you think?
If the executives could have just had less pay, yes, cutting someone off from their entire livelihood is theft. Especially if there wasn’t even cause like criminal behavior or inexcusable misconduct.
And I think it’s perfectly fair to just assume executives are lying about everything they say since *gestures wildly at all the everything since as far back as Smedly Butler.