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he might actually be smart enough to be at this position...
Given that he refuses his fixed income, if he does well, he might make a lot more than that fixed number. Especially if morale and performance is low among the employees.
He's actually boosting their confidence and performance by dropping some security of his own, in order to reap a bigger benefit in the end.
I say it's a daring but smart strategy. If it pays off, more power to him.
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Moderation should be moderately moderated.
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