Re: How many worthless stock options do yo

[Peter <pnewman1 -at- home -dot- com>]

Bruce Byfield wrote:
> 

> That sounds like an enlightened employer, to take a cut along with
> everyone else. I only wish that people like that were more common.
> 
> Unfortunately, the request for a cut is far more likely not to include
> the the owner - and to be one of the first steps in the movement towards
> bankruptcy. Worse, if employees continue to work at the reduced salary,
> their employment benefits may be reduced when the company tanks, since
> (in British Columbia, anyway), they're based on your salary for the last
> few months of work.

So do I. His attitude is that he too worked for the company. It was
incidental that he also owned it. 
I know a manager who is highly enlightened. She was given a limited
budget for her departmental raises. She allocated the increase among all
of her staff and did not take anything for herself.  She recognizes that
her performance is directly related to how well her staff performs and
she felt her staff was underpaid for what they do. The story ended well
for her. Upon hearing what happened, the president of the company found
additional budget money to be used only for a salary increase for the
manager. 
BTW that manager is my daughter, I am very proud of her. 

-- 
Peter
Mailto:peternew -at- optonline -dot- net

Adapting old programs to fit new machines
usually means adapting new machines to
behave like old ones.

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