alt Hacker NewsThe big concept which needs to be included in this discussion is "payslope" --- for an excellent article on this, and an example of a company which handles this well, see:
https://www.theglobeandmail.com/news/national/time-to-lead/h...
I have never regretted a purchase from Lee Valley, and highly recommend all of their products.
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bagacrap • today at 2:11 PM
Of course a small company of under 1000 employees is going to have a lower executive pay and therefore lower pay gap/ratio than a Fortune 500 company.
As someone who has a 401k, I certainly hope that the CEOs of our biggest companies are more highly compensated (~competent) than the CEO of Martin's Chicken Shack.
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Lee died about a decade ago; I don't know whether they still have this policy. (One immediate change was that their stores started being open on Sunday.)
In ‘our’ field, HP, under founders Hewlett and Packard, ran into some trouble in 1970 and instituted a “9 day fortnight”: rather than lay anyone off, everyone took a 10% cut in pay and hours.