he wants to pat himself on the back ... a form of social pressure
oh no, bob raised his min sal to 70k I better do the same ....
Minimum Wage: $70,000 a Year
- Thread starter GURPS
- Start date
he wants to pat himself on the back ... a form of social pressure
oh no, bob raised his min sal to 70k I better do the same ....
CleanTheSlateInSMC
Infidel
I think this is going to give a lot of his employees golden handcuffs. If they ever leave the company, they'll likely have to return to a more typical salary for their particular labor category. Imagine the grief of the guy who just quit his job there for a 12% increase at another company.
Chris0nllyn
Well-Known Member
Hopefully he plans on growing substantially over the next 3 years (which is how long it'll take to get everyone to 70k min.).
I imagine this was a PR stunt coupled with wanting to make his employers happy. The fact that the stories point out his old Audi that he got through a barter tells me that he probably threw that tidbit in there.
As you said, this is Seattle.
withrespect
:wr:
$70K is what I make and I am not entry-level... 
I feel so jipped 
I feel so jipped Thank you for that irrelevant information. I was reading the story from today, which was quoted in the text of the post I made. Could you tell me some more things which you saw in the news in the past which were then clarified at a later date? I'd be interested in wasting more of my time reading them as well.
You really don't see the VALUE of the FREE advertisement his company has received from this announcement?
LibertyBeacon
Unto dust we shall return
I'm not sure how free the advertising is. It sounds like this change is costing him quite a bit of scratch.
CleanTheSlateInSMC
Infidel
He's probably recovering today with a buddy saying "Dude!......You were sooooooo stoned yesterday! You remember what you did???"
You asked why he announced the move. Because it generated FREE advertising. You stated you couldn't figure out why he announced it and didn't stfu. Since he was doing it anyway, the bonus of the FREE advertising is exponential. I get you are one of those people who just come on to argue.
Larry Gude
Strung Out
Just for the heck of it, if you take GDP, about $18 trill, and divide it by work force, 155 million, you get $116,000 per worker.
itsbob
I bowl overhand
I'm sorry what I saw last night was him announcing to his employees that they were all getting 70k raises.. but thanks for replying to a post that meant nothing and was nothing more than a waste of your time.
Interesting indeed!
LightRoasted
If I may ...
If I may ...
So, instead of sharing the profits with his brother, he greatly increased his salary, then, when his brother balked, and threatened, and later filed, a lawsuit, lowered his salary and gave everyone a raise at the company so his brother still couldn't share in any of the profits? That about cover it?
So, instead of sharing the profits with his brother, he greatly increased his salary, then, when his brother balked, and threatened, and later filed, a lawsuit, lowered his salary and gave everyone a raise at the company so his brother still couldn't share in any of the profits? That about cover it?
H
Hodr
Guest
If he is 70% owner and his brother 30%, he would still get 70 cents on every dollar he didn't take as salary and was instead taken as profit. So this raise for his employees is still costing him more than twice as much as it costs his brother.
LibertyBeacon
Unto dust we shall return
Indeed ... a true capitalist/sociopath. And I don't say that as if it's a bad thing. This was brilliant; I wish I had thought of it.
Dan Price, CEO who cut his pay so workers earned $70,000, quits amid legal woes
Dan Price, CEO of credit card processing company Gravity Payments, resigned Wednesday, saying his "presence has become a distraction" at the company. "I also need to step aside from these duties to focus full time on fighting false accusations made against me," he wrote. "I'm not going anywhere."
Earlier this year, Seattle prosecutors charged Price with misdemeanor assault against a woman and reckless driving. Prosecutors say Price tried to forcibly kiss a woman. He pleaded not guilty in May, and the case remains ongoing.
The New York Times on Thursday reported that more than a dozen women have accused Price of what it called "predatory" encounters. His ex-wife, Kristie Colon, said that Price was physically abusive, and a woman Price dated, Kacie Margis, accused him of raping her, according to the Times.
Price told the paper he "never physically or sexually abused anyone" and that "the other accusations of inappropriate behavior towards women in this story are simply false." He did not respond to a request for comment from CBS MoneyWatch.
figured the guy is a narcissist