Mac1958
Diamond Member
Whoa, I didn't know about part. All that positive publicity and no short term pain. Smart....the redistribution will occur "over the next few years, giving the company time to adjust its bottom line...
Lots of ways to "adjust the bottom line", which will come primarily from cost-cutting, I'd guess. You can't raise prices unilaterally. It will be interesting to see what the cost-cutting will look like, but it's safe to assume he'll keep his number of new hires to a minimum (including through attrition) and increase productivity expectations.
I haven't seen the numbers to know how much cutting his own salary will have an effect. He's betting his equity in the company will make up for his salary drop.
Interesting experiment.
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