highland145
Lifer
- Oct 12, 2009
- 43,973
- 6,337
- 136
zinfamous
No Lifer
- Jul 12, 2006
- 111,831
- 31,304
- 146
Oh man, is this going to head down the weird route of naked on the streets of Venice Beach while arguing with chairs? You know, in the style of that Kony documentary guy.
This is interesting because of a couple weeks ago I read a story about a couple that accused somebody of something horrible. The story caused a stir and they setup a gofundme to help pay for the trauma. But when people started digging it turned out they lost a lawsuit for the exact amount of the gofundme goal just a couple weeks before this supposed interaction. They basically manufactured a story to gain sympathy and dupe people to pay for the lawsuit they lost.
People do strange things when presented with lawsuits. It could be 100% true or marginally true, or totally unrelated. The timing sure makes it suspect though.
But the lawsuit sounds like it may have merit. What I dont understand is how the minority partner allowed him to overpay for so long? Who is on the board that approved his salary?
The ironic thing is I was thinking about this story again a couple days ago after watching an Adam Ruins Everything episode about workplace compensation. Curious to see how this works long term.
ivwshane
Lifer
- May 15, 2000
- 33,465
- 16,921
- 136
Another update and he’s expanding his business.
hmm...
This CEO raised the minimum salary of his employees to $70k and now he's doing it again
https://www.cnn.com/2019/09/25/business/gravity-increases-employee-minimum-salary-to-70k-trnd/
hmm...
This CEO raised the minimum salary of his employees to $70k and now he's doing it again
https://www.cnn.com/2019/09/25/business/gravity-increases-employee-minimum-salary-to-70k-trnd/
JSt0rm
Lifer
- Sep 5, 2000
- 27,399
- 3,948
- 126
Ever since this thread I’ve been living on $1500 a week (after tax) and packing the rest away. It works pretty good!
lol 120 employees. This shit is funny because everyone just loves to insinuate that everyone can do this.
Guaranteed they outsource menial tasks or over-burden their current employees with them in combination with their skillful tasks.
Also slashing your own pay 90%? Go for it bud. At that point it's just charity work.
Guaranteed they outsource menial tasks or over-burden their current employees with them in combination with their skillful tasks.
Also slashing your own pay 90%? Go for it bud. At that point it's just charity work.
ivwshane
Lifer
- May 15, 2000
- 33,465
- 16,921
- 136
No one insinuated that. Meanwhile you are insinuating that there is trickery behind his moves. Also, I’m not aware of anyone who thinks making over $120k a year is charity work.
Why do you always post such stupid shit?
ivwshane
Lifer
- May 15, 2000
- 33,465
- 16,921
- 136
The same reason you bump up 4 year old trivial click-bait threads detective dipshit
Because you want to update people on a unique business model to show that it wasn’t something that would cause the company to collapse and instead allowed him to expand?
Or were you just trying to prove my point with yet another dumb ass post?
JSt0rm
Lifer
- Sep 5, 2000
- 27,399
- 3,948
- 126
that dude is a fucking dumb chud. I wouldnt engage with him.
ivwshane
Lifer
- May 15, 2000
- 33,465
- 16,921
- 136
It’s a past time, like taking long dumps, except his posts contain more shit.
JSt0rm
Lifer
- Sep 5, 2000
- 27,399
- 3,948
- 126
i ignored him a long ass time ago when he said something horrible.
Considering I get paid more than him on my base salary alone (along with majority of folks on this forum)? Yes, it's wishful thinking and a pipe dream to think that someone with the skills of a owner/CEO to get paid $120k. That's a fucking Bernie Sanders pipe dream sugar tits. Yes, that is the equivalency of charity work.
Fanatical Meat
Lifer
- Feb 4, 2009
- 35,862
- 17,403
- 136
Despite all the above it works and his business has been growing. Plus it appears the founder has discovered joy in the fact that (following is from memory) home ownership by his employees is up, fist time home ownership is up even more, plus more employees are having babies and expanding their families. Apparently being a good person has value.
Fenixgoon
Lifer
- Jun 30, 2003
- 33,231
- 12,753
- 136
I wish more execs would realize this. I also think it would be huge if employees received "royalties" of sorts for savings they introduce
A former coworker of mine optimized shipping logistics and his team saved like 500k a year. Why not take 1% of that and add it to the team's salaries?
Or the Wal-Mart guys who changed truck driver's step stools. The estimated savings in time and injury reduction were in the tens of millions per year. Giving those guys a small fraction of those savings would set them up quite well for the rest of their time at Wal-Mart.
Imagine how huge that would be. People would have a huge incentive to stay on, and companies would have a huge motivator for employees to work hard.
A former coworker of mine optimized shipping logistics and his team saved like 500k a year. Why not take 1% of that and add it to the team's salaries?
Or the Wal-Mart guys who changed truck driver's step stools. The estimated savings in time and injury reduction were in the tens of millions per year. Giving those guys a small fraction of those savings would set them up quite well for the rest of their time at Wal-Mart.
Imagine how huge that would be. People would have a huge incentive to stay on, and companies would have a huge motivator for employees to work hard.
theeedude
Lifer
- Feb 5, 2006
- 35,787
- 6,197
- 126
It depends on how competitive the local labor market is, and whether there are things like non-competes. Silicon Valley is very competitive, and there are generally good incentives to stay for top contributors, because they can find a new job across the street in days at the company's competitor. But if you are the only similar employer in town or have enforceable non-compete, you don't need to worry about that as an employer.
PJFrylar
Senior member
- Apr 17, 2016
- 974
- 620
- 136
dank69
Lifer
- Oct 6, 2009
- 37,261
- 32,826
- 136
Gosh it's almost like if you take care of your employees they will take care of you. Real barn-burner of a discovery. Oh look, all the same conservative chowderheads were screaming up front how this would fail! Sort of like when they cried about capital gains tax increases and military spending cuts in the 90s, and their constant fear of the demon socialism.
zinfamous
No Lifer
- Jul 12, 2006
- 111,831
- 31,304
- 146
The same reason you bump up 4 year old trivial click-bait threads detective dipshit
you would have bumped if it didn't work, only to point and laugh, and of course declare it non-trivial. But of course now it is trivial, for reasons you have invented to classify as trivial.
You're no mystery, bro.
zinfamous
No Lifer
- Jul 12, 2006
- 111,831
- 31,304
- 146
Duh, because cost-savings in your business is only a strategy to increase executive pay, never to make employees happy. Reagan codified this into law, when he decided that they no longer needed tax breaks to keep their employees happy and successful--all you do is remove those tax breaks and allow the execs to keep all the money for themselves!
Boom, a generation of GOP retards is born.
dank69
Lifer
- Oct 6, 2009
- 37,261
- 32,826
- 136
I laugh myself to sleep at night knowing my plot to turn the US into Venezuela gets closer to reality every day.
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