This is exactly how I have always thought about it too. Pure greed. My father ran a company for 35 years and for 3 of those years he took either no payout or a very small payout so that he didn’t have to let anyone go. I asked him why he didn’t just downsize and he said that other people needed the money more than us. That’s how shit needs to be run. People centric not profit driven.
Unfortunately it is in human nature to compare oneself to other people, and becoming big in other people’s eyes is easiest when other people around you are already smaller than you.
This becomes truly predatory when you become the person deciding on other’s situation.
Do you know a single business where an employee makes more money than his boss? Because I sure know lots of businesses where employees posses much more knowledge or skill than their supervisor, yet none of them surpass them in earnings.
Though I have known business owners who have made less than their employees at times, it’s always been small 2-10 person businesses, and in a hard time when the owner was trying to weather the hard times with their own equity (ie paying the company to keep people employed). But that’s only a small amount of time, and never a business that the majority of people in the county knew the name.
As for businesses with shareholders. Hell no. Never would happen.
This is exactly how I have always thought about it too. Pure greed. My father ran a company for 35 years and for 3 of those years he took either no payout or a very small payout so that he didn’t have to let anyone go. I asked him why he didn’t just downsize and he said that other people needed the money more than us. That’s how shit needs to be run. People centric not profit driven.
Unfortunately it is in human nature to compare oneself to other people, and becoming big in other people’s eyes is easiest when other people around you are already smaller than you.
This becomes truly predatory when you become the person deciding on other’s situation.
Do you know a single business where an employee makes more money than his boss? Because I sure know lots of businesses where employees posses much more knowledge or skill than their supervisor, yet none of them surpass them in earnings.
Though I have known business owners who have made less than their employees at times, it’s always been small 2-10 person businesses, and in a hard time when the owner was trying to weather the hard times with their own equity (ie paying the company to keep people employed). But that’s only a small amount of time, and never a business that the majority of people in the county knew the name.
As for businesses with shareholders. Hell no. Never would happen.