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CEO of GravityPymts again decides to slash his own salary, so that all employees can receive...

CEO of GravityPymts again decides to slash his own salary, so that all employees can receive a minimum of $70,000 annually. The CEO did this back in 2015 and back then his $1 m salary was slashed by 90%. 30 of his workers' salaries had to be doubled and an additional 40 had been given a raise. Would this have an effect on the employees' behavior and overall performance? Is it right for the CEO to cut his own salary? Would you do it, if you were a CEO?

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