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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
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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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Topic Outline
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

John Forte
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Wed Oct-28-15 08:05 AM

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1. "Or"
In response to Reply # 0


          

http://thinkprogress.org/economy/2015/10/26/3715988/gravity-payments-revenue/
http://www.mtv.com/news/2360580/gravity-payments-wage-dan-price/

  

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legsdiamond
Member since May 05th 2011
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Wed Oct-28-15 08:09 AM

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3. "you gonna believe me or Thinkprogress? "
In response to Reply # 1


          

****************
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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BigReg
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5. "Fortune link posted below."
In response to Reply # 3


  

          

  

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BigReg
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4. "NOPE. FUCK THOSE POOR NIGGAS FORTE. THEY LEACHES"
In response to Reply # 1


  

          

DONT GIVE ME THE WHITE MAN LIES.

EVERYONE KNOWS POOR PEOPLE NEED TO BE ROUNDED UP, SHOT & RAPED

  

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double negative
Member since Dec 14th 2007
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Wed Oct-28-15 08:10 AM

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6. "i'm sayin. i just read about how he was doing so well yesterday"
In response to Reply # 1


  

          

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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DeepAztheRoot
Member since Dec 19th 2003
13992 posts
Wed Oct-28-15 01:20 PM

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25. "Thinkprogress is as bad as Right Wing News or Comical Conservative"
In response to Reply # 1
Wed Oct-28-15 01:20 PM by DeepAztheRoot

  

          

for the left

made up narratives, truth optional

I wouldn't cite that source for anything but laughter

<-Fear Ameer

  

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BigReg
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2. "NOPE. The company's recent quarter was the best its seen"
In response to Reply # 0


  

          

http://www.inc.com/magazine/201511/paul-keegan/does-more-pay-mean-more-growth.html

http://fortune.com/2015/10/27/company-that-promised-70000-minimum-wage-reaps-rewards/

WHY DO YOU GUYS HATE POOR PEOPLE, LEGSDIAMOND?

  

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legsdiamond
Member since May 05th 2011
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Wed Oct-28-15 08:11 AM

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7. "http://img.pandawhale.com/81926-modern-family-close-laptop-gif-5Yo6.gif"
In response to Reply # 2


          

http://img.pandawhale.com/81926-modern-family-close-laptop-gif-5Yo6.gif

****************
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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BigReg
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Wed Oct-28-15 08:13 AM

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8. "My thing with the right is with the absolute glee that they hate poor pe..."
In response to Reply # 0
Wed Oct-28-15 08:14 AM by BigReg

  

          

Like, I had an epithany on the train this morning; while the modern conservative movement has married itself to the religious right, ultimately their tenants lie more with satanism then any sort of christianity. Not the 'worship satan' type, but the athiest levey "focus on personal gratification first" since the byline feels to be 'get mine, fuck everyone else' no matter how compassionate they want to come off to be.

  

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Kwesi
Member since Jan 11th 2004
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Wed Oct-28-15 08:33 AM

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11. "epithany!"
In response to Reply # 8


          

  

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naame
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Wed Oct-28-15 09:00 AM

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13. "lol"
In response to Reply # 11


  

          

new word

  

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ThaAnthology
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16. "new words! Hooray! "
In response to Reply # 13


  

          

www.anthologyfmn.com

Enter the Written World of Fahim Malik Nassar

The House of Caine (available)

Melancholoy Funk (available)

Tha Anthology (Words 2001-2003) Poetry inspired by OKP and Wash, DC
(available)

The Spook who sat by the Radio Poetry (av

  

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double negative
Member since Dec 14th 2007
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Wed Oct-28-15 10:28 AM

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17. "while you bullshitin' that the poster brings up a good point "
In response to Reply # 11


  

          

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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Dstl1
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32. "sounds like a stripper in decatur"
In response to Reply # 11


          

.

...I'm from the era when A.I. was the answer, now they think ai is the answer - Marlon Craft

  

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ShinobiShaw
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39. "Reg is smurt tho, but I like the word epithany"
In response to Reply # 11


  

          

http://soundcloud.com/djshinobishaw
http://www.rareformnyc.com
http://twitter.com/DJShinobiShaw
https://twitter.com/RareFormNYC
PSN: ShinobiShaw

"Arm Leg Leg Arm How you doin?" (c)T510

  

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BigReg
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40. "ill never ignore that red line in chrome ever again!"
In response to Reply # 39


  

          

  

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Hamsterline
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Wed Oct-28-15 01:41 PM

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28. "I'm athiest"
In response to Reply # 8


  

          

and don't subscribe to the Libertarian view of every man for himself. It serves me to treat those around me with respect, and care about my fellow man (even if I don't know him).

Soo.....NOPE. Try again, with your 'epithanies'.

_________________________
"no manure, no magic"

  

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BigReg
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37. "GODDAMMIT. IM TRYING TO CLARIFY SATANISM MOTHERFUCKERS"
In response to Reply # 28
Wed Oct-28-15 04:10 PM by BigReg

  

          

>and don't subscribe to the Libertarian view of every man for
>himself. It serves me to treat those around me with respect,
>and care about my fellow man (even if I don't know him).
>
>Soo.....NOPE. Try again, with your 'epithanies'.

1)EPIPHANY
2)ALL I AM SAYING IS THAT THERE'S A FUNDAMENTAL DIFFERENCE BETWEEN WHAT PEOPLE THINK SATANISM IS (VOODOO SPELLS) AND WHAT MOST PEOPLE MEAN WHEN THEY SAY THEY ARE SATANISTS. I THREW IN THE ATHEIST PART TO CLARIFY MOST SATANISTS DON'T ACTUALLY BELIEVE IN SATAN, NOT TO SAY THAT ATHEISTS ARE ALL SELF SERVING OR SATANISTS THEMSELVES

lol.

  

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akon
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30. "dont put this shit on us."
In response to Reply # 8


  

          

> but the athiest levey "

most atheists are also very concerned about our humanity to others.
we are more likely to support gravity than the religious nutcases are
so uhm no.
these fools on they own
dont even think the satanists would want them

.
http://perspectivesudans.blogspot.com/
i myself would never want to be god,or even like god.Because god got all these human beings on this planet and i most certainly would not want to be responsible for them, or even have the disgrace that i made them.

  

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John Forte
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Wed Oct-28-15 02:20 PM

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31. "He's not putting it on athiests"
In response to Reply # 30


          

He's explaining which type of Satanists he's referring to. The Church of Satan is largely atheist.

  

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BigReg
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36. "^^^ Just trying to clarify"
In response to Reply # 31


  

          

>He's explaining which type of Satanists he's referring to.
>The Church of Satan is largely atheist.

I personally waver between atheist/agnostic..but the second you bring up satanist people start thinking ritual sacrifices and spells so I felt I had to clarify

  

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SoWhat
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Wed Oct-28-15 08:19 AM

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9. "..."
In response to Reply # 0


  

          

http://duckofminerva.dreamhosters.com/wp-content/uploads/2013/08/egg1.jpg

fuck you.

  

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legsdiamond
Member since May 05th 2011
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10. "http://stream1.gifsoup.com/view4/4281760/egg-to-face-o.gif"
In response to Reply # 9


          

http://stream1.gifsoup.com/view4/4281760/egg-to-face-o.gif

****************
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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Cocobrotha2
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Wed Oct-28-15 08:59 AM

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12. "Articles that are mostly about comments from the internet usually suck"
In response to Reply # 0


          

<-><-><-><-><-><-><-><-><->
<-><-><-><-><-><-><-><-><->

  

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Buddy_Gilapagos
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14. "Check your sources brah."
In response to Reply # 0


  

          

http://fortune.com/2015/10/27/company-that-promised-70000-minimum-wage-reaps-rewards/


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

Movies I need y'all bastids to see so we can discuss:

Five Star - https://goo.gl/jBHbVv
Appropriate Behavior - http://goo.gl/isCzTM
Ma

  

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legsdiamond
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15. "huffington post..smh"
In response to Reply # 14


          

I did know research... just ran to the board to try and get shit popping...

too early, shoulda had a second cup of coffee and dig for more info.

oh well, I'm sending them my resume.

****************
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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PimpTrickGangstaClik
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Wed Oct-28-15 11:37 AM

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18. "How are you gonna blame this on HuffPo?"
In response to Reply # 15


          

A lot of the stuff you posted isn't even in the article


New clients not enough to cover costs: Not in the article
Selling assets and renting: Not in the article




_______________________________________

  

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legsdiamond
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Wed Oct-28-15 12:20 PM

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20. "oops, it was a CNNMoney article"
In response to Reply # 18


          

http://money.cnn.com/2015/10/27/news/companies/pay-raise-ceo/



****************
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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southphillyman
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Wed Oct-28-15 12:19 PM

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19. "conservs getting mad about this was just weird"
In response to Reply # 0


  

          

what argument could they have had?
they aren't even trying be sly about their motives anymore

~~~~~~

  

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Mynoriti
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48. "Strategy is always to pretend it's about small businesses"
In response to Reply # 19


  

          

that they're looking out for small business owners, and future small business owners so they can compete.

and since a lot of mom and pops do struggle and go under, it's an easier sell for republicans. Your biz is failing because high taxes, regulations, and the govt trying to take more of you money and give it to lazy takers.

Of course small businesses aren't where anyone's bread is buttered, and they actually could give a fuck about them, except to help their narrative, but as long as they can sell it, this will continue to be the strategy.

  

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bentagain
Member since Mar 19th 2008
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Wed Oct-28-15 12:21 PM

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21. "What burger chain can't afford to pay their employees $15/hr?"
In response to Reply # 0


  

          

I'm sure Walmart can handle it too

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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John Forte
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Wed Oct-28-15 12:24 PM

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22. "All of them"
In response to Reply # 21


          

McDonald's would have to raise prices somewhere between 13-20%to raise their margins. Twenty piece McNuggets go up a buck.

  

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bentagain
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Wed Oct-28-15 12:45 PM

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24. "or they could keep the prices the same and pay their employees out of"
In response to Reply # 22


  

          

their profits

that's kinda the point of the whole debate

their profits can cover the raise

---------------------------------------------------------------

If you can't understand it without an explanation

you can't understand it with an explanation

  

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WarriorPoet415
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Wed Oct-28-15 01:33 PM

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27. "Profits are supposed to be what you make after your overhead...."
In response to Reply # 24


  

          

....which includes paying your employees.

You are basically asking rich mofo's to voluntarily make way less money, which in America, doesn't fly.

CEO's get fired everyday for profit margins dipping a few points, you think McD's board and shareholders are just gonna take one for the team?

Not gonna happen.
______________________________________________________________________________

cscpov.blogspot.com

"There's a fine line between persistence and foolishness..."
-unknown

"To Each His Reach"

  

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John Forte
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Wed Oct-28-15 01:42 PM

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29. "So let them increase prices a piddly-ass 6-20 percent"
In response to Reply # 27


          

They'r ptobably sell more because poor people would have more disposable income. People think McDonalda and Wal-Mart's prices would have to double in order for them to pay $15/hr, rendering the raises effectively null, but it's nonsense.

  

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legsdiamond
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Wed Oct-28-15 03:57 PM

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33. "20% isnt piddly bruh... "
In response to Reply # 29
Wed Oct-28-15 04:21 PM by legsdiamond

          

profit margins are prolly in the 5% range

****************
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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John Forte
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42. "20% is the worst case scenario"
In response to Reply # 33


          

And when we're talking about a 100% increase in wages, a 20
cent price hike on the mcdouble seems like a no-brainier. 

  

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southphillyman
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Wed Oct-28-15 12:42 PM

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23. "In-n-out pays $14 per "
In response to Reply # 21


  

          

they aren't that high imo
iirc they don't have alot of those $1 menu type offerings though
so maybe places like mcd's need to keep wages low since xx% of their orders are probably low margin items

~~~~~~

  

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BrooklynWHAT
Member since Jun 15th 2007
85612 posts
Wed Oct-28-15 01:27 PM

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26. "not if you want that shit to stay cheap."
In response to Reply # 21


  

          

<--- Big Baller World Order

  

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Lardlad95
Member since Jul 31st 2002
66340 posts
Wed Oct-28-15 04:01 PM

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34. "Maybe fatty, salty, sugary shit shouldn't be so cheap..."
In response to Reply # 26


  

          

  

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teefiveten
Member since Oct 02nd 2008
33019 posts
Wed Oct-28-15 04:02 PM

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35. "basically"
In response to Reply # 34


  

          

.

*************************************
like.me
http://tinyurl.com/3z8486u

"if the children are not initiated into the village they will burn it down just to feel its warmth." - african proverb

  

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double negative
Member since Dec 14th 2007
22151 posts
Wed Oct-28-15 04:40 PM

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44. "we had a few students from Australia visit when i was in school and.."
In response to Reply # 34


  

          

they were floored that junk food was cheap while the healthy shit was expensive.

for them it was lawyas the opposite

***********************************************************
https://soundcloud.com/swageyph/yph-die-with-me

  

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Mynoriti
Charter member
39338 posts
Wed Oct-28-15 04:07 PM

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38. "McNuggets were $5 in 1987"
In response to Reply # 26


  

          

and $5 today

  

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SooperEgo
Charter member
11338 posts
Wed Oct-28-15 04:19 PM

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41. "really?"
In response to Reply # 38


          

  

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BrooklynWHAT
Member since Jun 15th 2007
85612 posts
Wed Oct-28-15 04:25 PM

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43. "mcnuggets cant be $5 today unless you gettin like 25 of em"
In response to Reply # 38


  

          

wendys nuggets like 5 for 1.19 or some shit.

<--- Big Baller World Order

  

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Mynoriti
Charter member
39338 posts
Wed Oct-28-15 05:28 PM

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47. "meant to say a 20 piece"
In response to Reply # 43


  

          

  

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Shaun Tha Don
Member since Nov 19th 2005
18316 posts
Wed Oct-28-15 04:46 PM

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45. "Ran outta money to pay the rent, maintenance, taxes, etcetera."
In response to Reply # 0


          

SMH

Rest In Peace, Bad News Brown

  

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Kira
Member since Nov 14th 2004
28979 posts
Wed Oct-28-15 05:05 PM

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46. "Profits doubled and revenue is growing at twice the rate..."
In response to Reply # 0


  

          

... So how is he going broke?

This was actually a really smart move as the goodwill generated from this story apparently had a huge impact on business. Can't wait to see the annual report where we find out the quantifiable impact of this incredibly generous leap of faith.

  

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naame
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21030 posts
Sun May-20-18 08:26 PM

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49. "RE: CEO who gave every worker 70K a year is going broke"
In response to Reply # 0


  

          

Oh

  

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legsdiamond
Member since May 05th 2011
82075 posts
Mon May-21-18 07:04 AM

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51. "did you actually dig in the crates for this? lol"
In response to Reply # 49


          

I admitted my mistake in #15..



3 years ago.

****************
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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naame
Charter member
21030 posts
Mon May-21-18 11:34 AM

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52. "7th page savior shit"
In response to Reply # 51


  

          

  

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J_Stew
Member since Jul 06th 2002
22363 posts
Sun May-20-18 11:05 PM

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50. "when keeping it wrong goes wrong"
In response to Reply # 0


          

  

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BrooklynWHAT
Member since Jun 15th 2007
85612 posts
Fri Apr-22-22 02:48 PM

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53. "And now he catching rape charges. Seem like a real winner"
In response to Reply # 0


  

          

https://www.kiro7.com/news/local/gravity-payments-ceo-dan-price-charged-with-sexual-assault-amid-ongoing-felony-rape-investigation/L3M5BURYVFAS5KZFZWIX5LSX5A/

<--- Big Baller World Order

  

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Rjcc
Charter member
95315 posts
Fri Apr-22-22 05:08 PM

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54. "his abuse of women has been widely known"
In response to Reply # 53


          

this has been way too long coming, hopefully he sees consequences

www.engadgethd.com - the other stuff i'm looking at

  

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luminous
Charter member
12902 posts
Fri Apr-22-22 06:16 PM

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55. "that's sad"
In response to Reply # 53


  

          

--
Sometimes you have to look reality in the face and say 'No!'
-Ben (Reaper)

If you need any help, don't. Hesitate to ask.

  

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