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by threatofrain 3278 days ago
I don't understand a mega-corporation delaying payment to employees. Is that part of a Fortune 500's business model?

For what little benefit do they gain by playing these low level wage tricks?

2 comments

I worked for a company that used fast payments to induce vendors to accept payment via "payment card." If a vendor wanted to continue getting checks or ACH payments, the payment would be processed 2 days before the late date.

In this case, the bank (WFB) had a payment card revenue-share agreement with the company, the commercial card version of cash back.

Is that part of a Fortune 500's business model?

Yes.

For what little benefit do they gain by playing these low level wage tricks?

The money from those who give up, and a year's worth of interest on millions of dollars from those who don't give up.