Quote:You need to look at the big picture.  Contrary to the liberal view of companies, profits aren't everything.  Profit margin is.

 

Yes they reported that profits are up, but why?  Could it be because the owner of the company sold all of his stocks, took out mortgages on two houses and cashed i any retirement savings that he had (very bad idea), then put it back into the company?  Could it be because he invested all of that money into the ncompany, therefor they don't have the overhead that they normally would have had?  Is that the reason that profits supposedly "doubled"?

 

If the company is doing so well, he shouldn't have had to do that.  He basically is committing "financial suicide" in order to try to make a point.  The company is going to eventually fold, and those employees that are now enjoying their $70,000 salary are going to find themselves looking for employment... and they will be disappointed when they find out that whatever "skill" they have is not worth what they think it is.

Since you ignored my previous post to you, I will post again a clip from the article. I am sure his financial suicide is why revenue is up:

 

Revenue is growing at twice the rate it was before Chief Executive Dan Price made his announcement this spring, <a class="bbc_url" href='http://www.inc.com/magazine/201511/paul-keegan/does-more-pay-mean-more-growth.html' title="External link">according to a report on Inc.com</a>. Profits have doubled. Customer retention is up, despite some who left because they disagreed with the decision or feared service would suffer.

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