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Originally Posted by aklim
Until last year, they made profit, right? How many years have we had a national debt? Note, before you tell me that the Clinton years had a surplus, lets also remember that if I did the same sort of "Arthur Anderson" accounting as the govt and shuffled money around, ran Ponzi schemes, I'd be in jail longer than Madoff. Congress MAY have balanced the budget but I will bet that they don't use standard accounting practices that you or I have to use They use cash accounting for one, I have to use accrual accounting. They have pools of cash to swish around to balance a budget, you and I will not. The list can go on.
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They made profit? Maybe paper profit. They did it by murdering the company. If I worked for you and sold your client list to your competitors, did I make you profit?
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Fair enough if you are talking of a new exec that signs on tomorrow. However, contracts that were signed 2 years ago still have to be honored. You cannot nullify a contract because your situation changes. If I signed a contract with you to buy your car in 6 months at $X and when the time comes, I tell you that I have this problem and that so how about I pay you less. Think you will still go for it?
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If I worked for you for a year and the company lost money, are you giving me a raise?