• Boss Who Took $1 Million Pay Cut To Raise Employee
Salaries Has Tripled His Business
THE BOSS
of
butiit
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  • 1041 comments

    • Youll come to find the public typically rewards ethical practices
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    • This might be long but I love this guy. He took that use pay cut to raise his employee’s wages to $70,000 a year. Not only did turnover rate drop significantly. But the amount of employee’s having kids tripled, and employee’s owning houses tripled. This move obviously put the boss in good (continued
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    • Well that’s the reward for ethical business. Good job.
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    • People saying "oh this is an isolated case, this never actually happen." I happens alot. In small businesses. Corporations dont give a shit about people. Small businesses rely on happy employees.
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    • Wow, being a good person makes people like you and creates actual company loyalty, who wouldve fucking thought
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    • No. That is a lot. I’m sure that changed so many lives and sets a precedent for what larger companies should be doing.
      fmnf 6 sep
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    • What business is that and who’s the mad lad respecting his employees?
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    • The only boss willing to do this. People keep saying “oh trickle down economics works!” But not when your boss that has millions or billions of surplus money doesn’t take a pay cut to help their business or employees
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    • Apparently this guy also got a lot of people calling him a communist for this. For some reason
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    • This is what happens when executives make decisions based on personal principle.
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    • Does his company turn water into wine?
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    • Man looks like Jesus. Of course he would do that
      Numbuh_2 7 sep
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    • He's not a boss... he's a leader
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    • What is the buissness OP
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    • Our companies general manager hired a new company manager to do his job. He(the new gm) probably gets like 80k+ a year. I ask for a dollar or two more an hour and we “don’t have it in the budget.” Meanwhile the old gm is still getting paid the same doing nothing...
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    • This is capitalism folks
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    • As a restaurant owner who hires mostly kids in college I know the struggle of trying to pay student loans and having money for other things while they are in school I have them on the schedule for about 15 hours a week and as long as they show up to work for those days I pay them as if they were 40
      daangu2 7 sep
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    • Literally ANY small business owner does this for the first 10 years. It’s not until much later do the ceos actually become wealthy most of the time
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    • It's a shame corporations are so obsessed with their bottom line that even the thought of doing something so good for their workforce would give them heart palpitations
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    • The employees at his company earns 75.000$ a year I think I read somewhere as a minimum :) and that this was the best decision he ever made.. almost all his employees own their houses and there’s been a lot of new babies :)
      MrPiiXeL 7 sep
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    • Henry Ford started the middle class when he gave all his workers raises cuz he could.
      kanep0e 7 sep
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    • Same vibe as when the ceo of nintendo took a cut when the wii u didnt do so well
      skyfan1 8 sep
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    • Raising wages has shown to increase productivity of workers to a certain wage point. After a bit it doesn’t do much, you have to treat them better to make them even more productive.
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    • People are prasing him, and on the surface it seems like his company is doing good with a 94% retention rate in the last 2 years. Thing is he nade the changes 3 years ago. All of his good employees left. He cant attract new talent in places where it matters. His company is no longer innovating.
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    • Dude probably ONLY had that million, whereas mcdonalds has billions and doesn't do shit except fire me for giving extra burgers and water to a homeless dude
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    • This is how it should be done. Employee time and Labor is necessary for anything and everything, they should be compensated as such
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    • Happy employees, happy customers, happy business
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    • King shit
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    • this is what capitalism should be but the cult of personality Trumpturds rather defend evil crony capitalism that ships American jobs abroad and enslaves third world country’s citizens for max profits.
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    • I remember hearing a bout this a few years ago, glad to hear the business has grown so much since
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    • As all bosses and government officials should do. The small people are the ones that make that money for them in the first place. The people stimulate the economy not the "to rich to give a shit" asshats
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    • Who would have thought? Positive workplaces build productivity.
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    • Yea fuck that they would rather but a 5 to 20 million dollar yacht instead. Who wants to see happy workers. Like the old joke goes guy pulls up to a hotel in a Ferrari walks in and the door man say"wow what a nice car" the guy in return says if you work super hard for the next year I can get another
      humpty72 7 sep
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    • “Nooo, he was supposed to go out of business!!! That’s what has to happen if you increase pay!”
      Plado 6 sep
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    • Are they hiring?
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    • FALSE. Read about what happened later in this 2015 article. Sad ending.
      lenig2 6 sep
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    • Tripled what though?
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    • Is this a perfect solution? No. But a surprising number of businesses could benefit from this mentality and generosity. Especially small to medium sized companies and ones where creativity and employee health are key.
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    • why cant the boss of my shitty job do something like this?
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    • That’s how you run a company
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    • I’d fuck him
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    • That ain’t a boss, that’s a leader!
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    • Imagine being able to take a 1 million dollar pay cut
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    • And yet you have The Young Turks denying their employees unions despite their owners making millions and preaching for socialism. Pigs.
      Empirum 7 sep
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    • It's almost like if people have money they can actually make capitalism work. See capitalism isn't evil just greed and the usual nuances.
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    • No rich people are bad! Boo capitalism!
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    • If you let your employees thrive your company will thrive, once companies reach a certain size their employees are treated like expendable tools and not people
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    • Bro bosses who do the opposite of this and raise their pay and fire employees should and will rot in hell
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    • Cloncoco 9 sep
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    • Is that guys picture on a book in the background
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    • Remember when Nintendo did this
      Maxolotl 6 sep
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    • Is it true though?
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    • What is the business so i can give them my money
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    • If more bosses did this the world would be a incredibly better place. Too bad we reward greed and malice
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    • take care of your employees and they’ll fill your pockets, fill your pockets and your employees won’t take care of you
      eat_nut 6 sep
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    • What business is this?
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    • Some of these corporations need to take notes
      spooder 6 sep
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    • Good for him. I would do the same and hopefully one day I will.
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    • Load 6 sep
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    • I support business that don’t fuck over their employees
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    • He looks fine af no homo
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    • Wow, it's almost as if happy workers do better work, therefore directly improving business. Who would have guessed
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    • Oh almost like not being a piece of shit is recognized and appreciated by people who work for you to make a lot of money. Who would of thought. What a time 2020
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    • It just makes sense!!! If I'm being paid more I will work harder and put more care into my job
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    • This will happen in short spurts but people will go back to buying cheaper or better products...not sure what the company is...
      dbeaty91 6 sep
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    • I can guarantee the only reason why business did so well was the publicity.
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    • Isolated case, will never happen.
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    • And rush limbaugh said he'd fail lmaoo
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    • Smells like communism to me
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    • Hey communist morons: this is an excellent example of how the market rewards innovation. You see, doing what the market wants (ethics in this case) rewards you with more business. No need to use the threat of force to achieve results.
      JustDO 6 sep
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    • This guy should get a Nobel Peace prize, if anyone should.
      NoImGenX 6 sep
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    • Ah yes my employees got like a $100 bonus while I tripled business and am now even more rich.you people that hate capitalism and the 1% really can't stick to your guns or read
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    • If i had 50 employees then yea. Thats huge. If i had 50,000 employees... not so much
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    • That was provably less than 25% of what he makes anyway.
      aceely 6 sep
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    • This seems liberal. Ifunny what happened. This isn’t the republican content I’ve come to expect
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    • Look at this theft of public funds!
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    • Being a not shit ty company and having a good public image is a form of advertising
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    • Yet we know nothing about his bonuses or other incentives. Usually they have a small salary, and a lot of bonuses. Not going to reward someone without knowing all the financial details
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    • I just saying, hear me out. If something like this were real and actually worked, don’t you think the “greedy hungry CEOs” would do this more often. There’s a reason why instead of raising salaries they expand their business to hire more people then pay the same more.
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    • So, he was making over 1m a year? Imagine how much he was paying in taxes? He probably did it cuz of taxes
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    • Eh, it's probably chump change to him.
      CrazyJane 10 sep
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    • Wow its like peoples lives greatly improve when the owner class actually allows some profit to trickle down. Almost like rewarding your employees adds value to their work.
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    • I hope y'all understand how much of an impact buying a house has on helping generational poverty within a family
      Rexaura 10 sep
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    • Wow almost like if you treat people the way you want to be treated, they'll work harder to make you happy
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    • That million dollar investment would help immensely in getting him even more money
      charanaki 10 sep
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    • I would know nothing about properly building a business, but I feel that making sure your workers are happy is a huge portion in it
      Roui 10 sep
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    • Gotta spend money to make money
      Jaceist 10 sep
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    • His name is Dan Price. He supports UBI and is a good friend of Andrew Yang’s
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    • He supports UBI and Andrew Yang
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    • That’s a good man
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    • If only everyone thought like this... Damn high powered Republicans
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    • It is much tho
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    • Legend
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    • It ain't much cause he makes 20 mill a year
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    • hes playing the long game, he'll keep expanding his business by doing that and in the end become a multi multi billionaire
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    • So we all just forget that Iwata took no salary to prevent lay offs at nintendo?
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    • This guy, like Henry Ford, understands that the higher salary you give your workers, the more money they have to purchase their products, not only making the employees' lives better, but attracting more potential workers
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    • That's amazing!
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    • CEOs and Billionaires:
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    • That guy probably made his company so much larger by doing that, so now he's probably making almost twice as much money as before. Unless he didn't take a raise then God damn, wheres the nearest one so I can work there?
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