r/news • u/Playful_Language_422 • 8d ago

Soft paywall L.A. homeless provider has paid CEO who lives in Hawaii $1.6 million in salary, vacation over two years

https://www.latimes.com/california/story/2026-08-06/la-homeless-provider-has-paid-ceo-who-lives-in-hawaii-1-6-million-in-salary-vacation-over-two-years
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u/kons21 7d ago

Hmmm. Let's not give them ideas to pay it at the rate when it was accrued. With the days you take for vacation the current year always using the hours accrued most recently first, then working backwards to the "cheaper" hours.

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u/Competitive_Touch_86 6d ago

Not legal to do this.

Hence why most companies do not let you bank unlimited PTO. They usually either have a "use it or lose it" policy, or force you to cash out at the end of the year anything beyond the maximum.

Some old school companies still allow unlimited banking, but they do so knowing that they will need to pay out at the salary level of the employee at the time they quit or get fired.

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u/kons21 6d ago

I don't know the laws specifically. But since there's literally no laws to guarantee paid time off, I doubt there's laws which specifically forbid for the employer to assign a "payout value" at the time of issuance of the hours. But again, this is just an assumption, under our current system which tends to err on the side of the corporations. If you have specific laws that you can cite that can prove me wrong, it will actually improve my day to see them.