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by skissane
321 days ago
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I know people (even members of my own family) who have resigned jobs because they felt the personal legal risk to themselves was excessive. In my experience, it is a much more common event at the C-suite level, where that risk is most acute, than at the level of individual contributors. If the company goes bankrupt, the ICs in accounting are unlikely to be personally found liable for the company’s debts - but if the CEO and CFO are proven to be guilty of “trading while insolvent”, they can be. |
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Eventually they found someone who would do what they were told without quitting, that is how this works.