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

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Of course, but my point is that you know this going in. The assumption was that you'd buy the company not because it was so insanely profitable, but because you reaped a PR benefit. So you buy the company for the sole reason that you look good for paying everyone well, and then take away all the money to increase profits. This makes no sense -- you look far worse PR-wise for revoking the raises than any benefit you originally got from buying them in the first place, and PR was your reason for the deal. This is like buying Santa's workshop so kids will like you and then executing all the elves.

You should have just bought a profitable company in the first place.

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