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Originally Posted by unregistered
I need to engage Ben to manage my next career change
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Oh hell no! I'm not qualified to do that. I've learned more from your experience than I actually know. All I can do is give friendly advice and/or contacts, if available (I have none). (Dammit Jim!) I'm a bouncing board, not a negotiator.
The report shows a "Defered compensation" then in note 4 states that there exists an agreement with "certain officers" ... "...upon the Company's financial ability to pay such amounts".
Obviously you and Gabe never reached an agreement (otherwise we wouldn't be here), and the question that is left is:
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- Does Gabe recognize owing you anything?
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If so, you can bet that the terms are going to be left open ended. Live and learn.
If not, then there is an act of bad faith involved.
Which is it? (I'll assume the former)
I've worked for friends under similar circumstances, but they eventually learned that salary is not something to be meddled with; this is people's livelyhood here.
The real worry is that Gabe has the ability to put the company in such a position that it may take years before the deferred compensation can be resolved; just add another SUV, buy more equipment, stock up on supplies/inventory, etc....
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- Do you have any reason to believe that he would do such a thing?
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