In a hypothetical scenario say if Steve Mollenkopf declared that he along with few other execs would go on a $1 salary until a specific time (say one year)//company gets stable. Will that make sense ? Why do only worker bees get affected by this and not them?
Here are some of the pros and cons which I think would arise, but would like to know your feedback in it.
Probable pros:
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Looks good on his morale
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Saves not many but a decent number of head counts with the money that we get from them
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Looks good from a leadership stand point to sacrifice equally into it.
Probable cons:
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No salary of course
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Doesn't make a significant difference overall
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This move might create a different set of may be negative expectation in the mind of share holders and employees in future.
Curious to know your opinion. What would you do if you were the CEO / Board manager?
- One of you
P.S.: Hopefully the discussion stays healthy and does not get driven by some absurd comments and frustration.