Sentences with phrase «dictates early departure»

Destabilizing Elements (II) • The end of joint & several liability • Reinforced equal sharing / lockstep • Discourages flight — you remain liable for debts incurred while at the firm • With personal liability, incentive is to try to rehabilitate a declining firm • Without it, logic dictates early departure — first out the door • Most importantly: The end of periodic shared decisions to stay together