Its (mostly it turns out) his company. He can run it anyway he sees fit.
If he finds a formula to keep employees happy and run his business, then its a win-win. Good for him. I understand he’s gained a lot of new business and free publicity from his gesture.
At the same time though, seems he’s upset the harder-working employees of his firm, and put himself in a spot with profits, as well as other investors. In that case, his idea is just bad management.
Who is John Galt?
a few customers, dismayed by what they viewed as a political statement, withdrew their business. Others, anticipating a fee increase — despite repeated assurances to the contrary — also left. While dozens of new clients, inspired by Mr. Price’s announcement, were signing up, those accounts will not start paying off for at least another year.
Yea,that’s why he renting out his house to make ends meet.
Read that his brother owns 30% of company and is suing him.
Why didn’t he just unionize his shop. It’s the same principle. I was union Pipefitter in my earlier days. My craft specialty was welding. Welders always worked in a Fitter/Welder pair. Here’s how inequality worked in my trade.
A company calls the hall and says I need one pipefitter and one welder. Now we are both card carrying journeymen pipefitters and both expected to have the same basic skill sets. Because I went out as a welder, I would go immediately to the test booth and the pipefitter would go immediately out to the field and assigned to a crew. If I failed the welding tests I would not be hired (still got paid during testing), but the fitter had no such test and was on the job for the duration. I would haul my ass back to the union hall and they would send out the next welder on the list. We both got the same rate of pay but the welder was held responsible for all the work the pair did. Why? because if the piping system/component didn’t fit the plans but the welder joined the pipes together, the thought was he should have known the measurements were wrong and not welded the pipes together. So they fire the welder and the fitter stays.