Bolt Loaned Employees Thousands to Buy Stock–Then Laid Them Off

Re:Bolt Loaned Employees Thousands to Buy Stock–Then Laid Th... by londons_explore on Monday June 06, 2022 @09:57AM (#31640535)

I doubt this company will pursue those employees in court. That's a distraction from the core business. It could also backfire causing discontent amongst existing and future employees and a PR nightmare which will cost the business far more.

Instead they will just extend the loans forever. Then there is no tax payable either.

Sounds like a win-win for all parties involved.

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Re:Bolt Loaned Employees Thousands to Buy Stock–Then Laid Th... by JTBooth on Monday June 06, 2022 @10:41AM (#31641104)

Risk in these situations is that the company goes bankrupt and their creditors go after their loans.

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Re:Bolt Loaned Employees Thousands to Buy Stock–Then Laid Th... by ed25519FUUU on Monday June 06, 2022 @10:09AM (#31640700)

They’ll sell to collections.

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