CEO Raises Minimum Wage to $70,000

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bozack

Diamond Member
Jan 14, 2000
7,913
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81
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bozack

Diamond Member
Jan 14, 2000
7,913
12
81
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B

bozack

Diamond Member
Jan 14, 2000
7,913
12
81
Vic said:
The Washington Times is the Moonies' propaganda rag.
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the limo liberal just asked for something other than Fox...he didn't have the time to actually watch the video since he was too busy drooling over luxury crossovers but like I said everyone is entitled to one with their 70K/year so what the hell.
 
JSt0rm

JSt0rm

Lifer
Sep 5, 2000
27,399
3,948
126
bozack said:
the limo liberal just asked for something other than Fox...he didn't have the time to actually watch the video since he was too busy drooling over luxury crossovers but like I said everyone is entitled to one with their 70K/year so what the hell.
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I dont watch videos because im sitting in a calibrated studio -20dbfs 85dbspl and anything but my work is fucking loud. Too loud.
 
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bozack

Diamond Member
Jan 14, 2000
7,913
12
81
JSt0rm said:
I dont watch videos because im sitting in a calibrated studio -20dbfs 85dbspl and anything but my work is fucking loud. Too loud.
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"Behold! the field in which I grow my fucks. Lay thine eyes upon it and thou shalt see that it is barren."
 
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bozack

Diamond Member
Jan 14, 2000
7,913
12
81
JSt0rm said:
Dont show up with a fox news link like it has more credit the the enquirer. Its ENTERTAINMENT only. Go watch some pbs and listen to npr for real news.
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Just for you from now on I will only post Fox news links...boom
 
ivwshane

ivwshane

Lifer
May 15, 2000
33,464
16,920
136
bozack said:
Its like you didn't even watch the video

here is another link for you, but its not the huffington post or MSNBC sorry...and nice language, say hi to your mother for me

http://www.geekwire.com/2015/ceo-wh...-minimum-now-renting-house-to-make-ends-meet/
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I watched the video, he didn't say he was struggling. He said he was renting his house to make ends meet.

Do you understand the idiom, "to make ends meet"?
It appears you don't.

http://idioms.thefreedictionary.com/make+ends+meet
 
davmat787

davmat787

Diamond Member
Nov 30, 2010
5,512
24
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nickqt said:
I've already brought this up, but the story here isn't that raising the wages of your employees causes your company to fail. The story is that this issue is very political and the CEO's decision to use his company as a political statement has some unwanted consequences for almost everyone involved.
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Yep, it's way too early to discuss the financial aspects of this anyway. The political and public relations ramifications can be discussed at this point which is why they are the subject of the discussion and not the business aspects or ramifications to the bottom line anyway.

Regardless of how one feels the decision will work out business wise I don't think making this policy change in such a public manner was wise. It would have made news naturally soon enough anyway and would have been better optics wise.

Using policy changes that have unknown ramifications down the line for employees just doesn't sit right.
 
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Vic

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
davmat787 said:
Yep, it's way too early to discuss the financial aspects of this anyway. The political and public relations ramifications can be discussed at this point which is why they are the subject of the discussion and not the business aspects or ramifications to the bottom line anyway.

Regardless of how one feels the decision will work out business wise I don't think making this policy change in such a public manner was wise. It would have made news naturally soon enough anyway and would have been better optics wise.

Using policy changes that have unknown ramifications down the line for employees just doesn't sit right.
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I agree with this. If only because of the stupidity of public perception. For example, despite all the arguments of 'how would you like it if the janitor made as much as you do,' Price's company does not employ any janitors. Like almost every company these days, they contract that out.
 
Blackjack200

Blackjack200

Lifer
May 28, 2007
15,995
1,688
126
ivwshane said:
Yeah that's not fucked up at all which is why I never said it was.
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Edited.

Vic said:
I agree with this. If only because of the stupidity of public perception. For example, despite all the arguments of 'how would you like it if the janitor made as much as you do,' Price's company does not employ any janitors. Like almost every company these days, they contract that out.
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It's not janitors. It's new hires, employees that are not as productive and don't contribute as much, whether they're not as talented or they don't work as hard, whatever.
 
Vic

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Blackjack200 said:
It's not janitors. It's new hires, employees that are not as productive and don't contribute as much, whether they're not as talented or they don't work as hard, whatever.
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I'm not defending the practice, but this already happens at most companies. I already touched on this earlier in the thread.
Common examples:
- A company has a business need and goes on an aggressive hiring spree, recruiting talent from competitors. The new hires will almost certainly be paid more than legacy employees (who will not get a raise).
- Companies merge and there is a pay disparity between similar positions in the former companies. The lesser paid employees are unlikely to get an increase to match.
- An average employee who is a good salary negotiator will likely be paid more than a high performer who is less skilled at negotiating.
I could go on here.. this is very common.

Price's mistake IMO was in trying to make a public statement. Otherwise, it's his company, and he should be able to pay his employees whatever he wants to. That's ownership, not socialism.
 
B

bozack

Diamond Member
Jan 14, 2000
7,913
12
81
ivwshane said:
I watched the video, he didn't say he was struggling. He said he was renting his house to make ends meet.

Do you understand the idiom, "to make ends meet"?
It appears you don't.

http://idioms.thefreedictionary.com/make+ends+meet
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Man you guys are great...so here is a guy with a reported 3mil net worth and yet he has to now, post upping his employee's salaries has to rent out his house to make ends meet well then now its ok to redefine reckless financial behavior....

I guess sure, they didn't say if he was on a financial trajectory to have to do this before he started paying people a lot more and his business lost customers but dayumn...I guess anything to sell yourself on how this was a smart idea on this guys part right?

Anywhere else and I'd think people would feel this guy is an idiot.
 
nickqt

nickqt

Diamond Member
Jan 15, 2015
8,149
9,116
136
bozack said:
Man you guys are great...so here is a guy with a reported 3mil net worth and yet he has to now, post upping his employee's salaries has to rent out his house to make ends meet well then now its ok to redefine reckless financial behavior....

I guess sure, they didn't say if he was on a financial trajectory to have to do this before he started paying people a lot more and his business lost customers but dayumn...I guess anything to sell yourself on how this was a smart idea on this guys part right?

Anywhere else and I'd think people would feel this guy is an idiot.
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The guy is an idiot for announcing it in public.

Again, had he not made any announcements but put the same exact policies in place, you'd have never heard of him, and his business would likely be doing as well as it ever had.
 
crashtech

crashtech

Lifer
Jan 4, 2013
10,695
2,293
146
nickqt said:
The guy is an idiot for announcing it in public.

Again, had he not made any announcements but put the same exact policies in place, you'd have never heard of him, and his business would likely be doing as well as it ever had.
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Almost sounds like you are saying that compensation should be a confidential matter between employer and employee.
 
Blackjack200

Blackjack200

Lifer
May 28, 2007
15,995
1,688
126
crashtech said:
Almost sounds like you are saying that compensation should be a confidential matter between employer and employee.
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It certainly should be if you're planning on giving raises that will be perceived as grossly unfair.

I don't think there's any reason compensation can't be a public matter if it's grounded in fairness and merit.
 
nickqt

nickqt

Diamond Member
Jan 15, 2015
8,149
9,116
136
crashtech said:
Almost sounds like you are saying that compensation should be a confidential matter between employer and employee.
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I do think compensation should be a matter between employer and employee. That said, if an employee or employer want to discuss it in public, that's their business. Whatever happens because of that public discussion is the issue, rather than the actual amount of a wage/salary, though.

In this particular case, the only thing that is newsworthy in an objective way is that income inequality has become a very political topic over the past few years.

Or, to put it another way, there are already businesses that operate with the CEO paying him/herself less than he/she has to, while paying employees very nice wages. These businesses exist and function just fine. The difference between those businesses and the one discussed in this thread is that those businesses aren't made into political statements with all of the resulting fallout from making a political statement.

Had this CEO enacted the same exact policies without informing employees and people who didn't need to know (everyone else on the planet), this business wouldn't have the problems it has now, nor would the CEO have the problems he has now.

In essence, the CEO screwed up his business by making it into a political statement. Which shouldn't be a surprise. This happens all the time.
 
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