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She got two forgivable coronavirus loans. Her employees hate her for it.
CNBC ^
| April 22, 2020
| Greg Iacurci
Posted on 04/22/2020 7:06:29 PM PDT by BurgessKoch
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Our three family businesses with 100 employees in total each received the loans since we are completely shut down by DC and VA government mandates. My sons (who run the businesses day to day) and I were relieved to get the funds - not the least of which is because we each pledged our homes and if the businesses go bankrupt we are on the hook ... at any rate, we face the same quandary as Ms. Black-Lewis in this article. Doubtless, many others face it as well. We have until tomorrow afternoon to take a decision for Friday payroll. We would appreciate any sage advice and comments from fellow Freepers ... but pass this story along as input into the ongoing challenge of the economic downturn.
To: BurgessKoch
“theyd make more money by collecting unemployment benefits’
I’ll put on my shocked face.
2
posted on
04/22/2020 7:09:00 PM PDT
by
dynachrome
(The panic will end, the tyranny will not)
To: BurgessKoch
The anger came from employees whod determined theyd make more money by collecting unemployment benefits than their normal paychecks. Sometimes I think this country deserves what is coming to it.
I'm just sorry my kids have to live with it.
3
posted on
04/22/2020 7:09:25 PM PDT
by
metmom
(...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
To: BurgessKoch
Here’s my sage advice,I’d fire any asshole employee that was pissed off about getting paid for not working,
4
posted on
04/22/2020 7:10:29 PM PDT
by
mdittmar
To: dynachrome
Not working should not be so profitable and so enticing.
5
posted on
04/22/2020 7:10:34 PM PDT
by
metmom
(...fixing our eyes on Jesus, the Author and Perfecter of our faith..)
To: metmom
6
posted on
04/22/2020 7:11:27 PM PDT
by
dynachrome
(The panic will end, the tyranny will not)
To: BurgessKoch
What do you expect from liberals in liberal states.
7
posted on
04/22/2020 7:12:10 PM PDT
by
falcon99
(qu)
To: metmom
Thats okay.
The younger generation still has guns.
8
posted on
04/22/2020 7:12:15 PM PDT
by
ConservativeMind
(Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
To: mdittmar
Haha. We had that EXACT conversation today trying to sort out what to do.
60 of the 100 are making MORE by staying home playing videos games or what have you, some way more than they were making while working.
Others are definitely keepers for the long haul, assuming there is one.
To: mdittmar
According to the strings attached, I dont think you can fire the ingrates. Seriously though, they arent unemployed. No need to fire them. Let them quit and they can piss off.
To: BurgessKoch
I can't help you.
I lost my auto shop in '09 due to Obummer Care.
Hussien O. said it was my new normal.
11
posted on
04/22/2020 7:14:28 PM PDT
by
Deaf Smith
(When a Texan takes his chances, chances will be taken that's fore sure)
To: BurgessKoch
She needs to send out certified letters notifying employees. If they refuse to return they should lose their unemployment benefits. If she cant get them back she should either return the money or contact SBA to find out what other coarse she should take. I believe it turns into a loan if its not used for payroll.
12
posted on
04/22/2020 7:15:01 PM PDT
by
McGavin999
(Queen Fancy Nancy Of North Poopistan)
To: Deaf Smith
I lost my auto shop in '09 due to Obummer Care.Really? So the people where you live no longer repair their cars?
13
posted on
04/22/2020 7:16:54 PM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: BurgessKoch
Personally I would use this experience as a time to observe employee attitudes and behaviors.
And quite frankly after I make my judgments I would not rehire the marginally performing ones or those with attitude. Nows your chance.
When this is over there will be plenty of people looking for work so youll have your pick of replacements
14
posted on
04/22/2020 7:18:46 PM PDT
by
A_Former_Democrat
(Open up America! Enough! COMMUNISM was and IS the problem Boycott China)
To: BurgessKoch
Does anyone know if temporary employees are included in people who cannot be laid off?
To: Equine1952
[According to the strings attached, I dont think you can fire the ingrates. Seriously though, they arent unemployed. No need to fire them. Let them quit and they can piss off.]
If they quit, they’re presumably not eligible for unemployment bennies. Hence the anger.
16
posted on
04/22/2020 7:19:12 PM PDT
by
Zhang Fei
(My dad had a Delta 88. That was a car. It was like driving your living room.)
To: BurgessKoch
In addition to family members on payroll, Hire other people like independent contractors and put them on payroll to do jobs that you always wanted to do. Upgrade computers, paint walls, start marketing and sales programs, business consultants, financial planners, inventors. Think outside the box. It’s a gift, if you can’t use it for employees use it for something else. Once that is done, hire best back at higher pay.
17
posted on
04/22/2020 7:21:44 PM PDT
by
Raycpa
To: Zhang Fei
My heart bleeds for them. Oh, sorry it doesnt, its US taxpayers paying these assholes.
To: mdittmar
The benefits are only good through July what the hell are these assholes going to do after that???
To: BurgessKoch
The anger came from employees whod determined theyd make more money by collecting unemployment benefits than their normal paychecks.
Hilarious. Honestly, my advice to most business owners has been to consider very carefully what benefit they will receive from taking out a loan to pay people not to work. Sure, it's supposed to be forgivable, but we don't know what that "forgiveness" process will look like, and there's a chance you'll be stuck paying back the government for the privilege of doling out money to employees you don't need. Honestly, it makes more sense for a lot of businesses to just furlough or lay off the workers they don't need.
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