5 ms·

Yeah, that's how capitalism works. Any compensation is too much compensation if you're in the red. You can't sustain a business if revenues won't sustain hi

by klyrs 3y ago

Yeah, that's how capitalism works. Any compensation is too much compensation if you're in the red. You can't sustain a business if revenues won't sustain hiring at market rates. So they shut it down. Duh, capitalism. This budget is such a non-story it's really weird how much attention it's getting. Like, did you actually write out that extremely rounded salary estimate down to the penny and full punctuation just because you want that junior-dev-level salary to look extra big? Why the gimmick?

Dalewyn 3y ago
Are you interested in having a sincere conversation or not? There is an argument to be made that there is plenty of room for reduction in the compensation the executives received in order to get back in the black, along with any other cost cutting measures. That's why I wrote out the six figure compensation. If they felt inclined to just shut down rather than try to make ends meet, that's their prerogative. It doesn't make their decision to shut down any less perplexing, though.
- klyrs 3y ago
  > If they felt inclined to just shut down rather than try to make ends meet, that's their prerogative. You do understand that the alternative is asking people to work for below-market rates, right? At a non-profit where there will never be an "exit strategy" by law? So you're the boss now, you've got $75k to offer a new CFO. Where do you find a qualified candidate, and why do they want to work for you and not a comparable organization offering twice as much? Sometimes, shutting down is the smart move.
  - Dalewyn 3y ago
    The red amounts to around $190,000.00. Let's round that up to $200,000.00 for good margin. If the five executives each took a $40,000.00 reduction in their pay (and that's over the course of a year, mind), that alone puts them back in the black. $40,000.00 isn't a small amount to take off your paychecks, but relatively speaking it's a pittance when the reward is continuing operations and what your paycheck was and would be. So getting the books straight wasn't that difficult, especially if the people concerned were passionate in their cause. This was a non-profit, after all. If they want to shut down instead, that's within their rights but it's nonetheless perplexing they gave up so quickly.
    - klyrs 3y ago
      Sincerely: you don't sound very business-savvy, if you think five executives are just gonna eat a 20% pay cut like that.
      - Dalewyn 3y ago
        If executives kill their organization because they take out too much in pay relative to revenue and other costs, yeah they aren't very business savvy indeed.
        klyrs 3y ago
        Bain Capital disagrees!
        readthenotes1 3y ago
        Bain Capital only destroyed other businesses. The business of plundering other businesses remained solvent.
        klyrs 3y ago
        Fascinating. An individual pirate is a business slouch; a team of pirates is a business savant?
        Dalewyn 3y ago
        Business is fundamentally a question of how to rip someone off without pissing them off.
        Apocryphon 3y ago
        To bring this discussion full circle, sounds like those executives were quite business-savvy after all.
        3y ago

by klyrs 3y ago

Dalewyn 3y ago

Are you interested in having a sincere conversation or not? There is an argument to be made that there is plenty of room for reduction in the compensation the executives received in order to get back in the black, along with any other cost cutting measures. That's why I wrote out the six figure compensation. If they felt inclined to just shut down rather than try to make ends meet, that's their prerogative. It doesn't make their decision to shut down any less perplexing, though.

klyrs 3y ago
> If they felt inclined to just shut down rather than try to make ends meet, that's their prerogative. You do understand that the alternative is asking people to work for below-market rates, right? At a non-profit where there will never be an "exit strategy" by law? So you're the boss now, you've got $75k to offer a new CFO. Where do you find a qualified candidate, and why do they want to work for you and not a comparable organization offering twice as much? Sometimes, shutting down is the smart move.
- Dalewyn 3y ago
  The red amounts to around $190,000.00. Let's round that up to $200,000.00 for good margin. If the five executives each took a $40,000.00 reduction in their pay (and that's over the course of a year, mind), that alone puts them back in the black. $40,000.00 isn't a small amount to take off your paychecks, but relatively speaking it's a pittance when the reward is continuing operations and what your paycheck was and would be. So getting the books straight wasn't that difficult, especially if the people concerned were passionate in their cause. This was a non-profit, after all. If they want to shut down instead, that's within their rights but it's nonetheless perplexing they gave up so quickly.
  - klyrs 3y ago
    Sincerely: you don't sound very business-savvy, if you think five executives are just gonna eat a 20% pay cut like that.
    - Dalewyn 3y ago
      If executives kill their organization because they take out too much in pay relative to revenue and other costs, yeah they aren't very business savvy indeed.
      - klyrs 3y ago
        Bain Capital disagrees!
        readthenotes1 3y ago
        Bain Capital only destroyed other businesses. The business of plundering other businesses remained solvent.
        klyrs 3y ago
        Fascinating. An individual pirate is a business slouch; a team of pirates is a business savant?
        Dalewyn 3y ago
        Business is fundamentally a question of how to rip someone off without pissing them off.
        Apocryphon 3y ago
        To bring this discussion full circle, sounds like those executives were quite business-savvy after all.
      - 3y ago