[ekanes]

Interesting. He would have done well to have read The Hard Thing about Hard Things by Ben Horowitz, which conveys nicely that much of being a CEO is realizing that when you think you're talking to person X (about their salary, etc), you're also sending messages to everyone else in the company. You have to keep everyone in mind, all the time.

[jbigelow76]

It seems (based on the Horowitz reference, pardon me if I am wrong) you're implying that Mr Price was wrong to make the change based on losing two key employees (and probably more that didn't up and quit). Maybe at the time he didn't anticipate that some would feel slighted but he also didn't know really what the change mean to the lives of other of his employees.

An interesting question would be "if you could go back in time would you do it all over again?" (PR and ego would probably indicate "yes" but we would never know the real truth).

[ekanes]

It's not so much that the change was wrong or right, but that Mr Price didn't anticipate how big a deal it would be, both internally and externally. While a couple employees might have left, it sounds like the company may now be in a financial crisis which is a bigger deal.

I'm mostly saying he should have thought it through more, even if he did go through with it.

[kitwalker12]

exactly the same thing I thought of while I was reading this. he got the first part about being open right though.