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Company Testing Standardized Salaries Is Struggling

jmcbain writes: In April 2015, Dan Price, the CEO of online payments company Gravity Payments based in Seattle, announced that all employees would have their salary bumped up to a minimum $70,000. Slashdot covered this news. Since that time, however, things have not gone well. Some employees quit because they felt it was unfair to double the pay of some new hires while the longest-serving staff members got small or no raises. Furthermore, after reducing his own salary from $1M to $70K, Mr. Price is now renting a house 'to make ends meet'. On an unrelated note, Mr. Price's brother, who is a co-founder of the company, is suing him.

2 of 480 comments (clear)

  1. GTFO! by tehlinux · · Score: 4, Funny

    Wait, so great employees don't like making the same as their mediocre colleagues?! Get the #*@! out of here!

    --
    Most linux users don't know this, but the man pages were named after Chuck Norris. Chuck Norris fsck'ing hates noobs!
  2. Re:Details by jklovanc · · Score: 2, Funny

    Steve Jobs had two main feelings/opinions;
    1. Steve Jobs always has the right answer.
    2. Apple employees and customers exist for the sole purpose of making Steve Jobs lots of cash.