Yes, you read right. Four billion dollars. Billion—with a “B”! A California superior court recently confirmed an award of $4.1 billion against a Chinese company, its U.S. affiliate and its founder after an arbitrator found them liable in a compensation dispute with a former executive.
What’s a bad firing cost? For one company, $4 billion
To continue reading this page, become an
HR Specialist Premium Plus member today!
HR Specialist Premium Plus member today!
Your subscription includes:
Ask the Attorney: Answers to your HR legal questions
Compliance Guidance: Access to 7,000 HR news articles, updated daily, sorted by state
State-by-State: Summaries of HR laws in all 50 states
Manager's Training Library: a treasure trove of printable training guides
Memos to Managers for simple staff training
The Hiring Toolkit: Job descriptions, interview questions & exemption tests for 200+ positions
Webinar of the Week: Train instantly with recent recordings
Sample Policies, Weekly Podcasts, Q&As and much, much more ...