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Seattle CEO Cuts $1 Million Salary To $70K, Raises Employee Salaries
First time accepted submitter fluffernutter writes Dan Price started his company, Gravity Payments, out of university when he was 19. Now he is cutting his $1 million salary to $70,000 and promising to raise all his employees' salaries. Dan is quoted as saying he made the move because "I think this is just what everyone deserves."Good business practice? Silly boosterism? Enlightened self-interest?
Meh, like most CEOs out there Im sure he makes most of his income in bonuses and stock, I doubt that he'll really notice the drop in income from his annual salary. This is a publicity stunt and nothing more.
/cynicism.
Personally I'd rather have my idiots at home glued to the TV than out doing idiotic things
Capitalism allows business owners and leaders to CHOOSE to make decisions like this.
Count of business owners making such a decision under capitalism: 1
Smells like argument from ignorance to me.
Socialism forces them to do it. Liberals don't really understand the importance of this distinction.
Oh, we understand perfectly.
And that's exactly why it's a problem.
Taking guns away from the 99% gives the 1% 100% of the power.
You put your newborn in a daycare so you can earn more money? That is one of the most selfish things I have ever heard. How do you get a +5 Insightful is beyond me. You kid needs you more than you need more money. Period.
Agent K: A *person* is smart. People are dumb, stupid, panicky animals, and you know it.