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I suspect that the real reason for the raises is the dispute with his brother: by paying profit out to employees, he doesn't have to pay it as dividends to his

• smt88 11y ago
  That is a reasonable suspicion, unless you actually read the article. 1. The lawsuit was filed after the pay increase. 2. "Profit growth continued to substantially outpace wage growth." So basically the company is more profitable than ever. 3. This guy is an outspoken advocate of paying people an equitable wage. It'd be a lot of trouble go to through all of that charade just to pay his brother less. 4. Profits don't always have much to do with the value of a company, which is what the lawsuit is about. Furthermore, the lawsuit might be about the documents they signed (or didn't sign!) related to selling stakes to one another.
  • asn0 11y ago
    1. The lawsuit was likely an escalation of the long-running dispute that started early on, also mentioned in the article. 3,4. People will go to extraordinary efforts when fighting over ownership or money. There's enough value and profit in this company to be worth a lot of trouble. It's too early to know what Mr. Price's real intentions are. I'm waiting for the Wired follow-up in 3-5 years.