Comment by hinkley
2 years ago
If they run down your clock because you think a check is coming, their other company can hire your former employees.
2 years ago
If they run down your clock because you think a check is coming, their other company can hire your former employees.
I'm not going to say this has never happened, but I think it's a little naive to think that this is the common path. In my experience, the first option OP presented (hedging bets and wanting to save face) are incredibly common.
Naïveté is when someone assumes good outcomes from bad situations.
What I'm exhibiting is probably more correctly described as cynicism. I've worked for a few startups that were sure they were hearing 'yes' from VCs and we ended up running out of money thinking a check would come any day now.
There's an old saying, "I'll believe it when I see it." Cynics and startup employees expanded this to, "I'll believe it when the check clears."
And then there's me over here, who knows you can claw back a check that has 'cleared' for about 30 days, saying "I'll believe it a month after the check clears."