re: Have you worked for a company that was "sinking ship"?

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did. Left a good job for a start up, promised this and that. Was told the financial situation was strong and that the owner made his bones by treating people the right way, rewarding them, etc.

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I saw this happen once. The head of the office I was in up and decided to leave and start his own company. Several people left with him. Everyone was worried because they thought he knew something no one else knew, but it ended up being a situation where he saw an opportunity he thought he could benefit from by going on his own.. A little over a year later some of the people who left was calling to see if they had an opening for them...