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Tilted Cat Head
Administrator
Location: Manhattan, NY
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Quote:
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Originally Posted by jorgelito
I think Ben & Jerry's tried this, tying the executive salaries to the lowest paid employee. It didn't work, they eventually had to hire a real CEO at market prices to run their business effectively.
There are successful companies that are very profitable and pay their workers more than minimum wage, on their own initiative without government interference.
EX: Starbucks
From my own personal experience, I've always started off at minimum wage and then rapidly received pay raises and promotions due to my hard work ethic and skills. If anything, I would appreciate it if the government would tax me less.
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as "grass roots" as Ben & Jerry's small company standing seems to be...
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In 1988, Ben Cohen and Jerry Greenfield were named "U.S. Small Business Persons of the Year" by President Ronald Reagan.
After a failed attempt by Ben Cohen to return the company to private ownership, Ben & Jerry's was purchased in August 2000 by the Unilever conglomerate for slightly over $326.43 million. Jerry made about $19 million through the deal, and Ben about $46 million. Other Unilever brands of ice cream include Good Humor, Klondike, Breyers, Magnum, Wall's, and Solero. For European markets the ice cream is made at a Unilever factory located in Hellendoorn, Netherlands.
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