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Subject: "CEO who gave every worker 70K a year is going broke" Previous topic | Next topic
legsdiamond
Member since May 05th 2011
79555 posts
Wed Oct-28-15 08:01 AM

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"CEO who gave every worker 70K a year is going broke"


          

http://www.huffingtonpost.com/entry/people-have-turned-on-gravity-payments-ceo-dan-price_55c0ce33e4b06f8bedb5f32f

yeah... this prolly sounded good in theory but its not working out that well in practice.

His brother is suing him because he gave away all the profits and now the margin of error is slim to none. New clients have signed on but not nearly enough to cover the cost of doing business. He lost employees because they were upset and felt they were undervalued. They were accused of being selfish and jealous. He also lost clients because they feared Gravity would increase charges to make up for the shortfall.


Now he is selling assets and renting because he is BROKE. So to my OKP bredren who say if you can't afford to pay employees then you can't afford to be in business...well, when you can't afford to be in business what happens to those employees? They go to work for someone who won't pay 70K for you to punch in.

This is why $15 an hour for flipping burgers is laughable. Sure, maybe it works in SF and NYC but in ATL or Kansas City? FOH... they will slash the workforce.

****************
TBH the fact that you're even a mod here fits squarely within Jag's narrative of OK-sanctioned aggression, bullying, and toxicity. *shrug*

  

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CEO who gave every worker 70K a year is going broke [View all] , legsdiamond, Wed Oct-28-15 08:01 AM
 
Subject Author Message Date ID
Or
Oct 28th 2015
1
you gonna believe me or Thinkprogress?
Oct 28th 2015
3
Fortune link posted below.
Oct 28th 2015
5
NOPE. FUCK THOSE POOR NIGGAS FORTE. THEY LEACHES
Oct 28th 2015
4
i'm sayin. i just read about how he was doing so well yesterday
Oct 28th 2015
6
Thinkprogress is as bad as Right Wing News or Comical Conservative
Oct 28th 2015
25
NOPE. The company's recent quarter was the best its seen
Oct 28th 2015
2
http://img.pandawhale.com/81926-modern-family-close-laptop-gif-5Yo6.gif
Oct 28th 2015
7
My thing with the right is with the absolute glee that they hate poor pe...
Oct 28th 2015
8
epithany!
Oct 28th 2015
11
lol
Oct 28th 2015
13
new words! Hooray!
Oct 28th 2015
16
while you bullshitin' that the poster brings up a good point
Oct 28th 2015
17
sounds like a stripper in decatur
Oct 28th 2015
32
Reg is smurt tho, but I like the word epithany
Oct 28th 2015
39
      ill never ignore that red line in chrome ever again!
Oct 28th 2015
40
I'm athiest
Oct 28th 2015
28
GODDAMMIT. IM TRYING TO CLARIFY SATANISM MOTHERFUCKERS
Oct 28th 2015
37
dont put this shit on us.
Oct 28th 2015
30
      He's not putting it on athiests
Oct 28th 2015
31
           ^^^ Just trying to clarify
Oct 28th 2015
36
...
Oct 28th 2015
9
http://stream1.gifsoup.com/view4/4281760/egg-to-face-o.gif
Oct 28th 2015
10
Articles that are mostly about comments from the internet usually suck
Oct 28th 2015
12
Check your sources brah.
Oct 28th 2015
14
huffington post..smh
Oct 28th 2015
15
      How are you gonna blame this on HuffPo?
Oct 28th 2015
18
           oops, it was a CNNMoney article
Oct 28th 2015
20
conservs getting mad about this was just weird
Oct 28th 2015
19
Strategy is always to pretend it's about small businesses
Oct 28th 2015
48
What burger chain can't afford to pay their employees $15/hr?
Oct 28th 2015
21
All of them
Oct 28th 2015
22
or they could keep the prices the same and pay their employees out of
Oct 28th 2015
24
      Profits are supposed to be what you make after your overhead....
Oct 28th 2015
27
           So let them increase prices a piddly-ass 6-20 percent
Oct 28th 2015
29
                20% isnt piddly bruh...
Oct 28th 2015
33
                     20% is the worst case scenario
Oct 28th 2015
42
In-n-out pays $14 per
Oct 28th 2015
23
not if you want that shit to stay cheap.
Oct 28th 2015
26
      Maybe fatty, salty, sugary shit shouldn't be so cheap...
Oct 28th 2015
34
      basically
Oct 28th 2015
35
      we had a few students from Australia visit when i was in school and..
Oct 28th 2015
44
      McNuggets were $5 in 1987
Oct 28th 2015
38
           really?
Oct 28th 2015
41
           mcnuggets cant be $5 today unless you gettin like 25 of em
Oct 28th 2015
43
                meant to say a 20 piece
Oct 28th 2015
47
Ran outta money to pay the rent, maintenance, taxes, etcetera.
Oct 28th 2015
45
Profits doubled and revenue is growing at twice the rate...
Oct 28th 2015
46
RE: CEO who gave every worker 70K a year is going broke
May 20th 2018
49
did you actually dig in the crates for this? lol
May 21st 2018
51
      7th page savior shit
May 21st 2018
52
when keeping it wrong goes wrong
May 20th 2018
50
And now he catching rape charges. Seem like a real winner
Apr 22nd 2022
53
his abuse of women has been widely known
Apr 22nd 2022
54
that's sad
Apr 22nd 2022
55

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