Page 54 - Microsoft Word - Updated Book Draft 2 23 2017 (1)
P. 54

highly compensated employees.  Some examples to


        consider:



              A small startup company hired a manager as its


               third hire.  Several months later, it became


               apparent that the company had only enough money


               to pay its rent, electric, and telephone bills for four


               to six months, but not enough to pay its three


               employees. The senior management, including this


               employee, discussed the possibility of closing the


               company but agreed that they would keep the


               company alive by deferring any salary payments


               until business improved and the corporation could


               afford to pay them.  The manager later learned of


               the provisions of the Wage Act and asked for


               payment. Eventually, the company paid her, one


               day after she had filed a complaint. Because she


        50| Rules of the Road
   49   50   51   52   53   54   55   56   57   58   59