CEO Cuts His Salary To 70K So His Employees Can Make More Money....Wait What?

Vs.

ABC – The CEO of a credit-card payments company in Seattle said executive pay is “out of whack,” so he’s cutting his own pay and creating a minimum salary for his workers. Now, he will be earning $70,000 like many of them, and he’s OK with it. Dan Price, 30, announced this week that any employee at his company, Gravity Payments, making less than $70,000 annually will receive a $5,000-per-year raise or be paid a minimum of $50,000, whichever is greater. The aim: By December 2017, everyone will earn $70,000 or more. To facilitate this change, Price said his salary will decrease to $70,000 from about $1 million until or unless the company’s profits are greater than last year’s approximately $2.2 million. “My salary wasn’t $1 million because I need that much to live, but that’s what it would cost to replace me as a CEO,” Price told ABC News. “I think CEO pay is way out of whack. It ended up impacting me, because I want the company to be sustainable even if something happens to me. Temporarily, I’m going down to the minimum until the company gets back to where it was.” Price started the company in 2004 when he was only 19 years old, and when he said the cost of living in Seattle was much lower than it is today. When asked what life will be like for him at a lower pay, he said, “I haven’t even thought about that at all, too much. My life started pretty simple, in a lot of ways. I don’t have a lot of financial obligations or debts.” “I’m a big believer in less: The more you have, sometimes the more complicated your life gets,” he said.

Wow what a great idea. I’ve never thought about this before. I don’t need to make internet millions. I don’t need to own a stable of thoroughbreds named after my low paid employees. I don’t need to buy a house in Nantucket. I don’t need to go to Italy this week. That’s just plain selfish of me. I mean who cares that I didn’t take a vacation day for 7 years? Who cares that I moved home to live with my parents when I started Barstool? Who cares that I delivered papers for 48 hours straight every other week in my Astrovan? Who cares that I cleaned shit out of my newsracks for a living? Who cares that I woke up at 5am to hand out newspapers outside South Station every day and then returned at 4pm to do it again? Who cares that I have irreversible blogging hunchback neck? This guy has made me see the light. Let’s cut my salary so I can pay Hank and Trent more. Maybe give Feitleberg and Sales Guy a few more bucks. Yeah what a great fucking idea.

Hey ASSHOLE MOVE TO CHINA YOU HIPPY! Or go live at Occupy Boston. Maybe you can be their new librarian. Seriously you know what type of CEO’s don’t care about money? The kind that fall victim to hostile takeovers. The kind whose wives cheat on them with the pool boy. Hell I may show up at this clown’s office and stick my Barstool flag in ground and declare Prima Nocte. First order of business would be to take back everybody’s inflated salary and give it to me so I could buy more horses. Welcome to America bitches.