CEO Slashes $1 Million Salary To Give Workers A Raise
- Thread starter The Berean
- Start date
Still an exemplary act of a man of integrity, something that should be shown more often in this sea of greed. It's the stuff real men are made out of.
Quote:
Originally Posted by PureX
Sadly, it's a single drop of generosity in an ocean of greed.
It's a warm and fuzzy story that makes liberals like PureX feel good. In reality, if Dan Price had bothered to take a business course at the online college that he went to, he would have known that his Marxist attempt at running a business hasn't and never will work.
http://www.businessinsider.com/dan-price-gravity-payments-employees-leave-2015-7
Originally Posted by PureX
Sadly, it's a single drop of generosity in an ocean of greed.
It's a warm and fuzzy story that makes liberals like PureX feel good. In reality, if Dan Price had bothered to take a business course at the online college that he went to, he would have known that his Marxist attempt at running a business hasn't and never will work.
http://www.businessinsider.com/dan-price-gravity-payments-employees-leave-2015-7
Sounds more like the oft conservative, ego-politic of entitlement, resentment and jealousy sent this liberal experiment to an early grave.
Conservatives: :AMR1:
....in other news........
The Berean
Well-known member
Wow, the employees reactions are straight out of Matthew 20! 
Matthew 20:1-16
“For the kingdom of heaven is like a landowner who went out early in the morning to hire laborers for his vineyard. 2 When he had agreed with the laborers for a denarius for the day, he sent them into his vineyard. 3 And he went out about the third hour and saw others standing idle in the market place; 4 and to those he said, ‘You also go into the vineyard, and whatever is right I will give you.’ And so they went. 5 Again he went out about the sixth and the ninth hour, and did the same thing. 6 And about the eleventh hour he went out and found others standing around; and he said to them, ‘Why have you been standing here idle all day long?’ 7 They said to him, ‘Because no one hired us.’ He said to them, ‘You go into the vineyard too.’
8 “When evening came, the owner of the vineyard said to his foreman, ‘Call the laborers and pay them their wages, beginning with the last group to the first.’ 9 When those hired about the eleventh hour came, each one received a denarius. 10 When those hired first came, they thought that they would receive more; but each of them also received a denarius. 11 When they received it, they grumbled at the landowner, 12 saying, ‘These last men have worked only one hour, and you have made them equal to us who have borne the burden and the scorching heat of the day.’ 13 But he answered and said to one of them, ‘Friend, I am doing you no wrong; did you not agree with me for a denarius? 14 Take what is yours and go, but I wish to give to this last man the same as to you. 15 Is it not lawful for me to do what I wish with what is my own? Or is your eye envious because I am generous?’ 16 So the last shall be first, and the first last.”
I wonder if the CEO really researched how raising so many salaries would have affected his company's finances?
Matthew 20:1-16
“For the kingdom of heaven is like a landowner who went out early in the morning to hire laborers for his vineyard. 2 When he had agreed with the laborers for a denarius for the day, he sent them into his vineyard. 3 And he went out about the third hour and saw others standing idle in the market place; 4 and to those he said, ‘You also go into the vineyard, and whatever is right I will give you.’ And so they went. 5 Again he went out about the sixth and the ninth hour, and did the same thing. 6 And about the eleventh hour he went out and found others standing around; and he said to them, ‘Why have you been standing here idle all day long?’ 7 They said to him, ‘Because no one hired us.’ He said to them, ‘You go into the vineyard too.’
8 “When evening came, the owner of the vineyard said to his foreman, ‘Call the laborers and pay them their wages, beginning with the last group to the first.’ 9 When those hired about the eleventh hour came, each one received a denarius. 10 When those hired first came, they thought that they would receive more; but each of them also received a denarius. 11 When they received it, they grumbled at the landowner, 12 saying, ‘These last men have worked only one hour, and you have made them equal to us who have borne the burden and the scorching heat of the day.’ 13 But he answered and said to one of them, ‘Friend, I am doing you no wrong; did you not agree with me for a denarius? 14 Take what is yours and go, but I wish to give to this last man the same as to you. 15 Is it not lawful for me to do what I wish with what is my own? Or is your eye envious because I am generous?’ 16 So the last shall be first, and the first last.”
I wonder if the CEO really researched how raising so many salaries would have affected his company's finances?
zoo22
Well-known member
Wow, the employees reactions are straight out of Matthew 20!
Matthew 20:1-16
“For the kingdom of heaven is like a landowner who went out early in the morning to hire laborers for his vineyard. 2 When he had agreed with the laborers for a denarius for the day, he sent them into his vineyard. 3 And he went out about the third hour and saw others standing idle in the market place; 4 and to those he said, ‘You also go into the vineyard, and whatever is right I will give you.’ And so they went. 5 Again he went out about the sixth and the ninth hour, and did the same thing. 6 And about the eleventh hour he went out and found others standing around; and he said to them, ‘Why have you been standing here idle all day long?’ 7 They said to him, ‘Because no one hired us.’ He said to them, ‘You go into the vineyard too.’
8 “When evening came, the owner of the vineyard said to his foreman, ‘Call the laborers and pay them their wages, beginning with the last group to the first.’ 9 When those hired about the eleventh hour came, each one received a denarius. 10 When those hired first came, they thought that they would receive more; but each of them also received a denarius. 11 When they received it, they grumbled at the landowner, 12 saying, ‘These last men have worked only one hour, and you have made them equal to us who have borne the burden and the scorching heat of the day.’ 13 But he answered and said to one of them, ‘Friend, I am doing you no wrong; did you not agree with me for a denarius? 14 Take what is yours and go, but I wish to give to this last man the same as to you. 15 Is it not lawful for me to do what I wish with what is my own? Or is your eye envious because I am generous?’ 16 So the last shall be first, and the first last.”
I wonder if the CEO really researched how raising so many salaries would have affected his company's finances?
The article has a lot of information (the actual NYTimes article, not the lame "young conservative" blurt that essentially says nothing but "I don't like liberals" which is obviously all plenty of folks around here care about).
Like his Christian inspiration, his Biblical literalist upbringing, as well as the some of what's been happening at the company, fallouts and successes, the actual reasons they're currently struggling financially, despite that they've picked up so much new business.
It's pretty interesting.
A Company Copes With Backlash Against the Raise That Roared
Doesn't seem like anyone commenting has actually read it.
The Berean
Well-known member
Thanks for the article, zoo. It certainly details the context of Price's decision and the backlash as well. It seems that the increase in salaries, in and of themselves, has not dragged the company down but rather the negative response of some employees and the impending lawsuit by his brother, Dan. But it's also clear that if the company can hold on until the revenue from the new clients begin to come in about 12-18 months, they should be all right.
I must say I got a good laugh out of this line:
"Third graders wrote him thank-you notes..." (the mentality of your average Obama voter).
Be honest fellas, this isn't about some surfer dude that feels guilty because he hit the big time, it's about the redistribution of wealth and upping wages for people who really don't deserve it (government mandated of course).
zoo22
Well-known member
aCW obviously didn't read the article or he'd have known about Dan Price not supporting minimum wage hikes because he discourages government regulation.
Some of you people are unbelievable tools. In this case, by "some of you people" I mean aCW.
Last edited:
Quote:
Originally Posted by aCultureWarrior
I must say I got a good laugh out of this line:
"Third graders wrote him thank-you notes..." (the mentality of your average Obama voter).
Be honest fellas, this isn't about some surfer dude that feels guilty because he hit the big time, it's about the redistribution of wealth and upping wages for people who really don't deserve it (government mandated of course).
Looking at your beloved leftwing New York Times article, sentences like "Yet almost overnight, a decision by one small-business man in the northwestern corner of the country became a swashbuckling blow against income inequality.
and
"The office is in Ballard, a fast-gentrifying neighborhood of Seattle that reflects the wealth gap that Mr. Price says he wants to address."
caught my eye.
How about this line?
"The reaction to his salary pledge has led him to think that if his business continues to prosper, his actions could have far-reaching consequences. “The cause has expanded,” he said. “Whether I like it or not, the stakes are higher.”
"Far reaching consequences"? "The cause has expanded"?
Regarding Dan-o Price (aka surfer dude) not supporting minimum wage hikes:
"He did not actively oppose Seattle’s minimum-wage increase, but a reason he urges other business owners to follow his lead on pay is to avoid more government regulation."
What "other business owners"? Does Dan-O not expect other business owners to up their prices if they pay their employees outlandish wages and thus drive consumers away and in the long run hurt their employees because of layoffs?
Rush Limbaugh's comments:
"Anyway, he's not tying this to anything other than employment. He's not tying it to performance. He's not tying it to sales. This is pure, unadulterated socialism, which has never worked."
http://donsurber.blogspot.com/2015/08/nyt-rush-limbaugh-was-right.html
Hence the reason you Obama Marxists love it.
Originally Posted by aCultureWarrior
I must say I got a good laugh out of this line:
"Third graders wrote him thank-you notes..." (the mentality of your average Obama voter).
Be honest fellas, this isn't about some surfer dude that feels guilty because he hit the big time, it's about the redistribution of wealth and upping wages for people who really don't deserve it (government mandated of course).
Looking at your beloved leftwing New York Times article, sentences like "Yet almost overnight, a decision by one small-business man in the northwestern corner of the country became a swashbuckling blow against income inequality.
and
"The office is in Ballard, a fast-gentrifying neighborhood of Seattle that reflects the wealth gap that Mr. Price says he wants to address."
caught my eye.
How about this line?
"The reaction to his salary pledge has led him to think that if his business continues to prosper, his actions could have far-reaching consequences. “The cause has expanded,” he said. “Whether I like it or not, the stakes are higher.”
"Far reaching consequences"? "The cause has expanded"?
Regarding Dan-o Price (aka surfer dude) not supporting minimum wage hikes:
"He did not actively oppose Seattle’s minimum-wage increase, but a reason he urges other business owners to follow his lead on pay is to avoid more government regulation."
What "other business owners"? Does Dan-O not expect other business owners to up their prices if they pay their employees outlandish wages and thus drive consumers away and in the long run hurt their employees because of layoffs?
Rush Limbaugh's comments:
"Anyway, he's not tying this to anything other than employment. He's not tying it to performance. He's not tying it to sales. This is pure, unadulterated socialism, which has never worked."
http://donsurber.blogspot.com/2015/08/nyt-rush-limbaugh-was-right.html
Hence the reason you Obama Marxists love it.
zoo22
Well-known member
Yeah, I thought it was in interesting article. Maybe they'll fail, maybe they'll succeed, it seems too soon to tell. In the video, he's clear that he knows it might not work, that he'll have to work hard at it.
He seems like an interesting person, is obviously an interesting business person.
I figure there'll be some more fallouts and some more successes before it levels out wherever it's going to level out and we know whether or not it works, and if so, how well. I hope it works.
I liked reading about the business owner who'd heard the story and because of it, signed on as a new client, and when he found out he'd be saving money, decided that he'd pass it on to his employees:
M. A. Williams
New member
A single drop will still cause a ripple.
The Berean
Well-known member
It looks like the company is doing quite well now.
Here's What Really Happened at That Company That Set a $70,000 Minimum Wage
Here's What Really Happened at That Company That Set a $70,000 Minimum Wage
The Berean
Well-known member
A further update on this interesting story.
Gravity Payments' $70K minimum salary: CEO Dan Price shares result over a year later
Gravity Payments' $70K minimum salary: CEO Dan Price shares result over a year later