[EmployedRussian]

"In the interest of fairness, Fog Creek's compensation policy is open, public, simple, and accountable. Many companies try to obfuscate the rules they use for determining compensation in hopes that they won't get caught paying some people too much and others too little. Some companies actually consider it a firing offense to reveal your salary!

We feel that in the long run, this can only hurt us through negative morale, high turnover, and destructive office politics."

http://www.joelonsoftware.com/articles/fog0000000038.html

[nathanbarry]

I was just reading that article this morning. At a previous company I worked at salaries weren't revealed, but rumors of salaries went around. Things like "did you hear that x just got a $10k raise?"

It really wasn't good for morale. A lot of time was wasted worrying about salaries rather than building products.