Yesterday, I fired my financial advisor for my employees 401K and hired someone new. It was later discovered that the lazy Idiot, with whom I hired in the first place, set the 401k up wrong. Now to move their accounts, they will have to pay a penalty. So today, I called everyone in and gave the bad news. Here's how I handled the situation.
First, I apologized for allowing this to happen in the first place. I took responsibility and said I made a mistake. Secondly, I announced I was covering the cost of everyones penalties out of my own pocket. I didn't blame anyone else or try to pass the buck. I am very proud I did this. I didn't have to, but it is the right thing to do. How do these people sleep at night? They have zero moral direction. In my eyes, they are morally repugnant. "Faithless and Desecrate Slave indeed."