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Thanks, Chuck, for a great example of "Rotten Equity":  Delivering fair or equitable treatment so late and obviously unwillingly that any positive motivational opportunity has been spoiled and converted into negative resentment by the recipient.  A rotten hiring bonus is paid six months after hire; a rotten relocation expense reimbursement is made a year after you took out a loan to pay your overdue moving bill supposedly covered by your employer; a rotten pay adjustment is a belated admission of grievous past under-compensation.

In each case, the total financial cost is roughly the same as if it had not been deferred, but the psychological cost is extreme. The de-motivational effect is permanent and can never be recovered.

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