Bill Ackman: The gov't has about 48h to fix a-soon-to-be-irreversible mistake

Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by nova22033 on Saturday March 11, 2023 @11:29AM (#35109803)

If you make 50K, the company that pays you probably has more than 250k in a bank account..

So this will still affect the regular person.

They should definitely NOT do a 100 cents to the $ bailout...Someone needs to take a haircut

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Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by tppiotrowski on Saturday March 11, 2023 @11:35AM (#35109882)

Curious about the logic you used to determine a company's balance based on employee pay. Is this just your own number fidgeting or an actual best practice in finance?

It seems weird that a company paying someone less than $5K a month would need $250K in the bank. we had $100K seed check at my startup and I got paid $6K per month as a counter example.

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Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by icedchai on Saturday March 11, 2023 @11:45AM (#35110016)

Ok, so they paid you 72K year, plus employer side social security/taxes, benefits, etc. Call it 80K. Does that seem like a lot of money left over for other expenses?

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Re:Bill Ackman: The gov't has about 48h to fix a-soon-to-be-... by DennisP on Saturday March 11, 2023 @11:48AM (#35110050)

Wouldn't you think that depends on how many employees the business has?

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