I have had to revoke offers once and only for two or three people when the feds

I have had to revoke offers once and only for two or three people when the feds seized our bank in 08 for exceeding their limits, and put us in an impossible condition. It’s possible over time to try to make it right by small compensation for their pains but not when you’re in crisis. I always think about all the employees and customers and vendors and when there are no conditions where no one gets hurt, then the principle of doing what does the least harm applies. Trolley problems do exist in real life. Unfortunately we don’t teach economics in school on purpose because teachers fear to experience parental retaliation for telling the truth. So average people assume companies have cash flexibility when they don’t. We hear about the money generated by few unicorn public companies, while most business tries to outperform the rate of inflation by enough points to keep exploring new customers and markets. I taught every hire twice a month a three hour lesson in the history of money business, followed by how our business operated and how as a growth company all our profits were out in receivables and we were largely constrained by cash flow. Once I showed them that I generally didn’t begin to profit from them until the third year and that’s why we work so hard at retention they were horrified. IMO every company should explain to all employees their financial model. It rapidly ends the mythology of excess profits.

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