WR Hambrecht Caps Salaries
from the good-idea dept
With all the stories of tech company execs receiving million dollar severance packages while their employees get laid off with little to no packages, it's a surprise to see a company go in the other direction. WR Hambrecht is putting in place an across-the-board salary cap of $60,000. I think it's a great idea, though the fear is that this will encourage higher paid executives to jump ship to other companies. I'd imagine those who had their salary cut by more than half won't be too happy about things. Of course, with the job market being as crappy as it is, they might not be able to find a new job anyway.
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