So I just called my boss to ask him if our company could weather this emergency crisis!1!!

He just started rambling on and on about how we need to institute this really crazy sounding plan.

Apparently, he believes that we will have to start "saving" money and that we should keep a few months of reserve in the bank to make sure we are always "able to meet" payroll obligations.

He kept talking about things like "thrift", "sound financial planning", "earning interest" and all of these other really disastrous sounding notions.

Now I am truly scared. What's going to happen to all of us? Can we please think of the children!!1!

:crazy::crazy:

This notion your boss has of using funds generated from operations to actually PAY for employees is vaguely familiar. Won't the credit markets fall apart if businesses use their earnings to pay ongoing expenses, instead of using debt?

Sounds pretty crazy, not using debt to make payroll!!










Do I really need to say it?!

has any chance of working. It is really out there. Just the most far-fetched thing I've ever heard of.

I think the business will have a better chance of succeeding if our nation immediately hands over 700 Billion dollars to these wonderful banking institutions. They have run their organizations so prudently and successfully over the last two decades. Under this very clever 700 Billion bailout plan, we are guaranteed to immediately have unlimited credit so that we can continue this ingenious cycle of borrowing, leveraging and expanding indefinitely.

He was right.

hours, benefits and even jobs. I am so sorry to hear about this happening where you work.

Some people are actually experiencing those things "quoted" in the OP, so if it is indeed sarcasm, it might find a better home elsewhere.

Pretty pathetic to be mocking people who are actually in these situations. I'm sure the tone was intended to be directed at the "solutions," but the poor taste of the post resulted in quite bluntly mocking people who are actually experiencing these things, both as owners/execs/managers and as employees.

If I'm wrong, I'm wrong, but I get a very sarcastic tone from the anecdote, and even more heavy-handed dose in her second posting.

While our company is profitable this year, everyone feels it is a setup to deny us our annual bonus.

His job is to keep telling you anything to keep you working right up to the time he hands you your pink slip.

They have started cutting costs like instituting travel bans to start out with, some put this in to effect last couple of weeks.

This hurts my company because we are scheduled to be hosting a conference in October and we are probably going to have only 2/3rds of the attendance we were hoping for. We also do many consulting projects around the world where they pay for our travel expenses and visit them and give presentations or just pay for consultants time to have round tables with executives or to organize panel discussions at their user conferences, etc.

Hopefully they stay smart because our advice helps them save money and make the right strategic decisions for their companies and its not that expensive relatively to their budgets.


The Obama, and McCain proposal for insuring accounts up to 250k is important for small business to do what your boss wants. Washington Mutual went under because accounts withdrew like 18 billion dollars over the course of days or a week and it collapsed. Accounts were insured only up to 100k dollars, and my Boss told me he heard about 1 company getting killed by this, they had put 1.5 billion dollars into Wa Mu this past year and lost it all when the collapse occured. I am sure they are not the only ones, small businesses with even 500k or a million in an account there might of lost their security. This is why the bailout needs to happen, there are other reasons but that situation is just 1 case.

Another 1 is Business loans, almost all companies carry debt. Young small companies use loans to grow by hiring new employees or for opening another store or to buy land to expand a winery, etc. Large corporations use it to build factories for example, financially especially for tax purposes it makes sense but they have the assets to keep their loans secure for the most part. Small Business loans do not have the protection of homeowners, at any time banks can call that loan in and if you can't pay it, they take your assets and sell them to recoup losses. Foreclosing on a home is a lot harder, they have to be delinquant in payments and its for months. Even if a business has paid every month on time for their loan it can call it in.

He said the first thing he's going to do is liquidate our company's sarcasm detectors. Judging by the evidence here, this crisis must be pretty widespread!