Skip to content

Comment on CEO cuts his pay by almost $1M to give his employees big raisesparent

Comments

I also wonder if this company even has low paid staffers. The business I work for doesn't directly employ anyone under ~60k. Instead the kitchen staff, the cleaning people, the mail room, document processing people, etc. etc. are all contracted out.

Actually, it's a significant chunk. From the article:

After Monday's announcement, anybody making less than $50,000 -- more than half of the company's 120 employees -- immediately got bumped up to at least $50,000, according to a company spokesman. The minimum will increase to $60,000 by the end of 2016 and $70,000 by the end of 2017.
AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.