“Today I cut my pay to $0. I'm committed to laying off 0 of our employees.”

Re:“Today I cut my pay to $0. I'm committed to laying off 0 ... by outside1234 on Sunday March 29, 2020 @01:31PM (#22720791)

Is he the majority shareholder? If so, is he really making a sacrifice here or just deferring when or how he is getting returns.

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Re:“Today I cut my pay to $0. I'm committed to laying off 0 ... by throwawaynerdy on Sunday March 29, 2020 @03:18PM (#22721756)

This is exactly what I was thinking.

This is an expensive (?) HR and PR Ad.

In 10 years the popularity of the company should be higher than today, the company will be sold and gutted.

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Re:“Today I cut my pay to $0. I'm committed to laying off 0 ... by optimaton on Monday March 30, 2020 @02:40AM (#22725758)

Someone who is going to such lengths to save their employees should at least be given the benefit of doubt.

He did something similar 7 years ago, so I don’t think he has some ulterior motive with all this or a grand plan. IDK, Seems like a great guy to me.

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Re:“Today I cut my pay to $0. I'm committed to laying off 0 ... by tomp on Sunday March 29, 2020 @03:48PM (#22722060)

That's the idea, no? Ownership is optionality, you can end up with 0 or with billions. Employment is security, you're "guaranteed" your salary but no more (or fired).

Sounds like he's promising security to his employees, and eating the variance himself - taking a hit in bad times and, conversely, making bank in good times. Sounds fair to me!

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Re:“Today I cut my pay to $0. I'm committed to laying off 0 ... by keanzu on Sunday March 29, 2020 @01:36PM (#22720851)

November 2015

As majority owner, he is not exactly penniless.

https://www.inc.com/magazine/201511/paul-keegan/does-more-pa...

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