CEO Takes 90% Pay Cut To Give Employees HUGE Raises!

ZL9M2 · 06-21-2022, 07:35 AM

Cute PR move but unsustainable.

Chihuahua · 06-21-2022, 09:25 AM

Quote:

Originally Posted by NickyC

Oh, who am I fooling? You've got a Federal Reserve who will destroy any traction an idea like that would get.

ding ding ding, this is the REAL enemy.

Tommy-G · 06-21-2022, 09:31 AM

uhhhh resurected from 2015

leopard print · 06-21-2022, 09:51 AM

Quote:

Originally Posted by Tommy-G

uhhhh resurected from 2015

We’re getting a lot of bot profiles resurrecting old threads. They guise their posts as an actual response but slip in a link to a sketchy website. I hope no one falls for it.

cmyx6go · 06-21-2022, 10:13 AM

Quote:

Originally Posted by leopard print

We’re getting a lot of bot profiles resurrecting old threads. They guise their posts as an actual response but slip in a link to a sketchy website. I hope no one falls for it.

I'd like to know how they find the type of post they're looking for. I try and use the search function for something specific and get nothing...LOL

leopard print · 06-21-2022, 10:31 AM

Quote:

Originally Posted by cmyx6go

I'd like to know how they find the type of post they're looking for. I try and use the search function for something specific and get nothing...LOL

Haha! Maybe not bots. Rather persistent spammers.

Tommy-G · 06-21-2022, 10:33 AM

Quote:

Originally Posted by cmyx6go

I'd like to know how they find the type of post they're looking for. I try and use the search function for something specific and get nothing...LOL

truth!!!!!

x622 · 06-21-2022, 12:54 PM

Damnit I didn't even notice. I wonder how the dude's company fared now.

ezaircon4jc · 06-21-2022, 01:48 PM

Quote:

Originally Posted by x622

Damnit I didn't even notice. I wonder how the dude's company fared now.

Last I heard (if this is the same Seattle company) it didn't work out so well. Executives didn't like getting the same pay as the janitor. Socialism doesn't work at a company level either.

bosstones · 06-21-2022, 01:54 PM

Quote:

Originally Posted by Tommy-G

uhhhh resurected from 2015

Yeah. For a sec, I thought Mr Tonka was back but then I saw his post date.

TXSTYLE · 06-21-2022, 01:55 PM

Quote:

Originally Posted by ezaircon4jc

Last I heard (if this is the same Seattle company) it didn't work out so well. Executives didn't like getting the same pay as the janitor. Socialism doesn't work at a company level either.

You call it Socialism. I and many common sense individuals refer it to as, "the commendable and right thing to do".

But yeah... There is definitely a noticeable spike in Troll and Not types of activity on the forums.

DETRoadster · 06-21-2022, 02:08 PM

Quote:

Originally Posted by ezaircon4jc

Last I heard (if this is the same Seattle company) it didn't work out so well. Executives didn't like getting the same pay as the janitor. Socialism doesn't work at a company level either.

You heard wrong. Yes, the company is Seattle based Gravity Payments. The CEO and founder instituted a $70,000 MINIMUM base salary for all employees. Meaning no employee was paid less than that. Doesnt mean employees weren't also paid more than that. He just put a salary floor in. The CEO takes a $70k/year salary, electing to stay at that base.

Since he did this 6 years ago, the company has grown considerably both in size and revenue. My wife uses them for credit card processing in her business and has nothing but positive things to say about the company and their services.

TXSTYLE · 06-21-2022, 05:05 PM

Quote:

Originally Posted by DETRoadster

You heard wrong. Yes, the company is Seattle based Gravity Payments. The CEO and founder instituted a $70,000 MINIMUM base salary for all employees. Meaning no employee was paid less than that. Doesnt mean employees weren't also paid more than that. He just put a salary floor in. The CEO takes a $70k/year salary, electing to stay at that base.

Since he did this 6 years ago, the company has grown considerably both in size and revenue. My wife uses them for credit card processing in her business and has nothing but positive things to say about the company and their services.

Awesome to hear! Many more companies and corporate America as a whole need to implement similar tactics.

P1 · 06-21-2022, 05:42 PM

How about reading some recent news articles about the guy before praising him?

dreamingat30fps · 06-21-2022, 06:37 PM

Quote:

Originally Posted by P1

How about reading some recent news articles about the guy before praising him?

So he's a little rapy, but $70k is $70k immarite???

Tommy-G · 06-23-2022, 07:04 AM

Quote:

Originally Posted by dreamingat30fps

So he's a little rapy, but $70k is $70k immarite???

whoopsie

06-21-2022, 07:35 AM	#45
ZL9M2 Second Lieutenant 361 Rep 295 Posts Drives: '17 M2 ZL9-'20 M2CS-'68 1600 Join Date: Jul 2017 Location: Wisconsin iTrader: (1)	Cute PR move but unsustainable.
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06-21-2022, 09:31 AM	#47
Tommy-G Captain 4487 Rep 694 Posts Drives: 2015 435 Vert Alpine White Join Date: Apr 2010 Location: Bradenton FL iTrader: (0)	uhhhh resurected from 2015
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06-21-2022, 12:54 PM	#52
x622 Forced Induction Connoisseur 962 Rep 739 Posts Drives: 23 X5MC / 23 720s Join Date: Aug 2020 Location: AZ iTrader: (0) Garage List 2024 G87 M2 [0.00] 2023 Mclaren 720s [0.00] 2005 Honda S2000 [0.00] 2008 BMW M3 [0.00] 2023 BMW X5MC [0.00] 1964 Ford Mustang [0.00] 1968 Pontiac GTO [0.00]	Damnit I didn't even notice. I wonder how the dude's company fared now. __________________ Oy vey, look at all these shekels
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06-21-2022, 05:42 PM	#58
P1 Lieutenant General 11569 Rep 11,136 Posts Drives: 2004 3/4 ton Duramax Join Date: Aug 2007 Location: United States iTrader: (1)	How about reading some recent news articles about the guy before praising him?
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