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      04-14-2015, 09:56 PM   #5
TXSTYLE
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Quote:
Originally Posted by M_Six View Post
Just read this. He'll be deluged with people looking for a job now. And I wonder how sustainable this business model will be. I suppose with his huge pay cut, they might be ok considering it's a relatively small company.

Can you see Walmart or McD's doing this? $70k/yr hamburger flipper?
Fuk no. And they shouldn't. The business model is entirely different. He is a "small business owner" who realizes the value (and sacrifice) in doing this.
Huge corporations are all about fattening the execs and stock holders wallets. The biggest way to do this is cut pay/workers or keep the pay at a bare minimum. Salary accounts for the biggest expense for most companies.

But just imagine the benefit if all of the Top 10 Executives at every major corp even dropped to a still very comfy $1M instead of the $30M - $200M they pay themselves now?
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