13

CEO Will Live on $70,000 Worker Wage, Thinks His Life Will Be Luxe Enough

Posted by $ nickursis 9 years, 1 month ago to Culture
76 comments | Share | Flag

Now there may be people who think that i am crazy for this, but I applaude and admire this guy. He sees the issue, and he is focused on his company first. He knows that a company is more than the CEO, it is a sum of all your workers. He's not pulling a20th Century Motors thing, he isn't letting them decide "who needs it", he is sharing it across the board. Very logical, and will make his employees incredibly loyal, as they know he understands what is going on throughout the company.

All Comments

Previous comments...   You are currently on page 4.
  • Posted by CircuitGuy 9 years, 1 month ago
    Last year they paid an ave of $48k to 120 people, just under $6 million. Their profits were $2.2 million, and something less this year. He's immediately increasing non-officer payroll by at least $600k, and decreasing his pay by $930k. Payroll will increase to 8.4 million by 2018. With current revenues, that will mean he'll be losing money. He's gambling that his planning along with the higher wages can motivate people, retain talent, and get talent enough to increase revenue by more than $2.5 million, making this a good decision for all concerned.

    I suspect this scenario plays out way more often than people realize.
    Reply | Permalink  

  • Comment hidden. Undo