Quicken Loans needs to be punished on a much higher level than the lawsuit pending against them. This is truly a corrupt organization.
Even though EVERYONE is confident that Quicken Loans will loose the FLSA lawsuit, Dan is still winning at the margins.
Here is why:
Over 3000 Sales Consultants were not paid the overtime they deserved. How many people joined the case? Around 480. With some simple assumptions, we can see the reason he is winning:
Number of People Involved in the Case: 480
Estimated Pay Out Per Person: $25K
Damages Multiplier: 2
Total Payout: 24MM
Actual Number of People Owed the Overtime: 3000
Estimated Pay Out Per Person: 25k
Damages Multiplier: 2
Actual Amount Owed: 150MM
Dan is not stupid. He knows very well what he has done and he is getting away with it.
Here is the ULTIMATE QUESTION: How does he legally get way with this?
Can someone please tell me that there is a way to rip of your employees and legally get way with it! The FLSA lawsuit is great, but he needs to be punished on a much higher level. He knowingly has cheated his employees and laughs about it by purchasing the Cavs! Not only has he cheated the employees, he has cheated every person in America that received a loan from Quicken.
Did the CEO of Enron go to jail and Dan walks free?
Every executive at Quicken Loans knew of the corruption and needs to be punished. Lets all get in touch with Federal Prosecutors and expose this corruption. Let Dan and every other executive at Quicken Loans spend time in prison for robbing people of their families and home equity. How should the story of Quicken Loans End? And justice for all!!!
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