CEO cuts his pay to give his employees a raise

[Cliffy]

CEO Slashes Pay to Raise Company 'Minimum Wage' to $70,000

A Seattle business owner is dropping his salary from about $1 million to $70,000 to help pay his workers a minimum of $70,000, too.

CEO Slashes Pay to Raise Company 'Minimum Wage' to $70,000 - NBC News

 

[Ludlow]

There's a few good people out there amongst all us azzholes

 

[Tecumsehsbones]

There's a few good people out there amongst all us azzholes

Not him. He's still a corporate capitalist, and therefore Cliffy and the Guevarans want him dead.

 

[gore0bsessed]

Showing the rest of the CEOs how to act, he recognizes where his wealth comes from and he's giving back.

 

[Liberalman]

The share holders gave him a brand new jacket

 

[MHz]

Let me guess, his old rate paid for all he has and now utilities are the only bill that come in. Still, nice gesture, the fellows that should have done the same seem to have missed it.

 

[tay]

www.youtube.com/watch?v=bBx2Y5HhplI

 

[Tecumsehsbones]

Showing the rest of the CEOs how to act, he recognizes where his wealth comes from and he's giving back.

But is he, or is he not, a capitalist?

 

[Sal]

he's a capital fellow

sorry I couldn't let it pass

 

[gore0bsessed]

But is he, or is he not, a capitalist?

do you have a point? what has one random act of common sense done to change the system? are the rest of the bourgeois leeches touched by this man's actions?

 

[petros]

After abusing his slaves in order to make a pile he cut them free by redistributing his salary for their benefit?

Will he stop taking draws from the company assets which he can do at anytime?

 

[taxslave]

Showing the rest of the CEOs how to act, he recognizes where his wealth comes from and he's giving back.

His wealth does not come from his employees. it comes from his business acumen and hard work. It is only because of his success that his employees have a job to begin with. Besides there are tax implications to what he is doing.

 

[MHz]

I'll bet the company that has its' employees as the shareholders would vote for lower wages and bigger payouts at the end of the year.

 

[B00Mer]

This will pay off in spades long term.

His employees will be more committed , he'll have less churn and these people will work harder to deliver results.

Not to mention the Great PR his company will get..

 

[taxslave]

I'll bet the company that has its' employees as the shareholders would vote for lower wages and bigger payouts at the end of the year.

That would be the smart thing taxwise.

 

[gore0bsessed]

His wealth does not come from his employees. it comes from his business acumen and hard work. It is only because of his success that his employees have a job to begin with. Besides there are tax implications to what he is doing.

lol you don't know how basic economics works. no wealth exists without a labor force and exorbitant amounts of wealth are not even possible without the exploitation of that labour force. this CEO knew where his wealth came from and gave much of it back to where it originated.

 

[taxslave]

lol you don't know how basic economics works. no wealth exists without a labor force and exorbitant amounts of wealth are not even possible without the exploitation of that labour force. this CEO knew where his wealth came from and gave much of it back to where it originated.

Man do you ever have a twisted view of reality. There would be no labour force if someone didn't step up, take the risk to start a business. Labour is simply an imput like raw materials into a factory.

 

[Tecumsehsbones]

do you have a point? what has one random act of common sense done to change the system? are the rest of the bourgeois leeches touched by this man's actions?

Precisely. So you are dedicated to his destruction, no?

If a website ever becomes a deadly weapon, he's done for.

 

[petros]

lol you don't know how basic economics works. no wealth exists without a labor force and exorbitant amounts of wealth are not even possible without the exploitation of that labour force. this CEO knew where his wealth came from and gave much of it back to where it originated.

Out of the kindness of his heart?

 

[mentalfloss]

That could be construed as socialism.