How to invest £45.5m

DiggerUK

Are some of you saying, that if you went to bed one night with a fiver in your bank account, and then woke up the next morning with a few million , you would go in to work.

So what is the worst thing your employer could do if you were absent without permission, fire you ????

Aegis

DiggerUK wrote: »

Are some of you saying, that if you went to bed one night with a fiver in your bank account, and then woke up the next morning with a few million , you would go in to work.

So what is the worst thing your employer could do if you were absent without permission, fire you ????

I believe that under contract law they could sue you for damages. If your unauthorised absence during a time when you are legally bound by a contract of employment caused the company to lose a lot of money or go bust, you could feasibly be sued for a very large amount.

Of course, that would require you to be in a very key role within the company, and it would require some extremely nasty bosses, but if the entire department had just left without notice, I'd personally be looking to do what I could to reduce the long term effect that would cause, involving legal action if necessary.

amcluesent

> What if a sudden mass loss of staff like this caused a small company to collapse<

IIRC a business can get insurance that pays out if key staff win the lottery.

Perhaps academic, as really key staff shouldn't be so daft as to pay the 'stupidity tax' week after week. Just saying...

DiggerUK

Aegis wrote: »

I believe that under contract law they could sue you for damages. If your unauthorised absence during a time when you are legally bound by a contract of employment caused the company to lose a lot of money or go bust, you could feasibly be sued for a very large amount.

Were did you get this nonsense from.
If somebody does not comply with their contact of employment, all the employer can do is terminate your employment.

Aegis

DiggerUK wrote: »

Were did you get this nonsense from.
If somebody does not comply with their contact of employment, all the employer can do is terminate your employment.

You should probably look around before dismissing something as "nonsense".

http://www.personneltoday.com/articles/2008/10/17/47947/damages-for-breaching-notice-periods.html wrote:

Q Can the employer bring proceedings to enforce the notice period where there is no liquidated damages clause?
A The employer may still bring proceedings as there has been a breach of contract. The application could be for an injunction, but it is more likely to be limited to compensation. In the absence of a liquidated damages clause, the employer would have to show the losses flowing from the breach of contract. This would mean calculating the net losses having taken into account all steps the employer has or could be reasonably expected to take to reduce the losses incurred.

Looks like there's definitely potential for a civil case there.

DiggerUK

Aegis wrote: »

You should probably look around before dismissing something as "nonsense".....................
Looks like there's definitely potential for a civil case there.

You quote from an article but fail to provide a link to the source.
On locating your source we find the following

"Q How watertight are such clauses, legally?
A The big drawback with a liquidated damages clause it is that it is often seen as a penalty clause in the employment context and will not, therefore, be enforced by the courts. This is because the courts are wary of the unequal bargaining position between employer and employee when it comes to agreeing the terms and conditions of employment. Thus it may be inferred that there has been no true agreement as to the validity of the sum specified. However, all the circumstances will have to be taken into account, and it will clearly be relevant if the employee has had an input regarding the terms or taken legal advice prior to finalising the contract. "


What follows, is referred to as a link. You should learn how to use them.
http://www.personneltoday.com/articles/2008/10/17/47947/damages-for-breaching-notice-periods.html

Aegis

DiggerUK wrote: »

You quote from an article but fail to provide a link to the source.
On locating your source we find the following

"Q How watertight are such clauses, legally?
A The big drawback with a liquidated damages clause it is that it is often seen as a penalty clause in the employment context and will not, therefore, be enforced by the courts. This is because the courts are wary of the unequal bargaining position between employer and employee when it comes to agreeing the terms and conditions of employment. Thus it may be inferred that there has been no true agreement as to the validity of the sum specified. However, all the circumstances will have to be taken into account, and it will clearly be relevant if the employee has had an input regarding the terms or taken legal advice prior to finalising the contract. "


What follows, is referred to as a link. You should learn how to use them.
http://www.personneltoday.com/articles/2008/10/17/47947/damages-for-breaching-notice-periods.html

You mean the bit following the http:// in my post was too tricky for you to spot? You know, where it says "Quote"? Or didn't you read?

Did you also not read that the bit you quoted was specifically about contractual clauses concerning liquidated damage, and that mine was referring to cases where such clauses were either not used or not in place, but rather where the employees' leaving cause recognisable damage or loss to the employer?

Thought not... You should really check very carefully before acting so condescending, as it looks even worse when you're shown to be wrong. Believe it or not, I actually read my sources properly before I quote from them.

pupsicola

I was discussing this with some of my family and said Id give them each a couple of million and then see them right in the future as well. They turned round and said if I had won 45.5 million that would be really tight.

Bloody hell you couldn't win. On second thoughts then Id keep the lot so as not to offend any of them with my stinginess :rotfl::rotfl::rotfl: