I need M-T advice on this.
BLUF: what is the most prudent timeline to leave my job for ethical reasons?
Background: I began a new exec-level job at a small company 3 months ago. I went in with clear eyes that the company was in a dire financial position. My he purpose of my role was to drive improvements in our biggest revenue generating department to enable a financial turn-around.
I took the role precisely because of the opportunity to enact real improvements. I knew it would be rocky but never guessed it was this bad.
Since day 1 there have been signs of things that hugged the boundary of gray. I've been able to keep my role and team (about 1/3 of all FTEs report to me) very clean and above board. Whole there have been things I sniffed at as "not the way I would do business" nothing has been obviously crossing lines.
This week I was put in the position to cross a line and now I feel forced to make a decision.
The ethical dilemma: our company has a contract signed by my boss, CEO, for services to be provided by company B (contract employee). I've known for awhile we were in sever delinquency of our debt to them. But to my knowledge we were making reasonable efforts to repay on a plan while they continued to extended services in good faith.
I learned two weeks ago our repayment efforts had stopped but we were still using their services.
This week company B contacted me about the matter. I referred them to CEO/VP Finance as I have no part in paying bills.
This week I was asked to offer the contractor a full-time position knowing the person would likely accept as they enjoy their work with us.
I carried out the offer - but required it to come officially from CEO as it seemed shady to me. Today I actually read the contract (my mistake should have done it before) and discovered that this is a direct violation of the terms given the debt. I am certain the company has no plans to repay any time soon since 1 we don't have the funds and 2 company B no longer has the leverage of pulling their employee.
I can't help but feel that knowingly breaching a contract in bad faith is a violation I just cannot stomach.
So I know I need to resign. The question is when?
Financially I'm not prepared (my mistake obviously but it is what it is). I have enough funds for 2 months of expenses and after that my spouses salary alone will not cover everything.
So do I:
1. Resign effective immediately
2. Give 2 weeks notice
3. Stay until year end when I'll been slightly more liquid
4. Something else?
Any advice is welcome. I've never been in any situation remotely close to this.