this post was submitted on 21 Oct 2023
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I remember a story about a CEO who decided to pay ALL of his employees well. As I remember, all of his middle management left in a huff because they no longer had their higher earnings to hold over their subordinates and feel superior, all of his friends ostracized him and he essentially became a pariah.
Yeah, Dan Price, just went to look it up. Apparently, he had to resign after some allegations against him, which turned out to be false. Something smells off about a man paying employees fairly suddenly getting trumped-up charges that never got properly investigated before being referred to the prosecutor's office literally the day after he announces the pay stuff.
https://fortune.com/2023/04/19/gravity-payments-dan-price-assault-charges-are-dropped/
He resigned because someone that has part ownership in the company sued him.
The lawsuit was basically “you’re not acting in a way that is best for the shareholders”
Or in other words “you’re paying the employees more and me less, so I’m mad at you for treating them well”
Thanks for the clarification.