Michigan Athletic Department Cutting Salaries
I like how they left the folks earning under 50k alone. I have taken pay cuts before and may again in the near future. My organization takes the same amount from everyone.
Seriously? First rule in salary reduction is that the top people take the bigger hit. It doesn’t make a whole lot of difference in total dollars saved but it sends the right message.
For my work I’ve been closely following higher ed’s response to Covid and every single school I’ve seen that are imposing salary reductions make it clear the the president and the provost are taking the highest cut. Basic leadership if you ask me
Relax man. I think he was serious in saying that he likes it.
Why are people so uptight...
Edit* Or maybe you were responding to what his company does. Who knows anymore!
We should do it like we do income taxes, and convince the workers making the least that those making the most should actually get the smallest pay cuts, because the money will trickle down to them eventually through job creation and such.
Reagonomics!!!!
Ohh, Fauxmo... You're always good for a laugh!
Good for them.
This is essentially the way my company did pay reductions this year. Really helps to build trust when executives are taking a bigger cut and there's a salary floor for cuts that is high enough that no one will be in serious trouble.
Same here. Our cuts will be a steeper but not unreasonable given how much people were making, and it generally protected the people who could least afford to have a cut in salary.
Some girl: Can I get you a drink or something?
Me: Sure why not. As long as I don't get too drunk then I'm fine.
(Me three drinks later.)
Me: I'm just saying, if broccoli is such a healthy food, then why isn't it supreme leader of the world, huh?
Do you need to talk?
No, he needs to stop talking or find somewhere else to practice his nonsense.
The troll filter on Chrome has really been nice. I just scroll by this guy and see ***Troll Content Removed*** and I just wonder what dumb thing he said this time
You must teach me this magic.
Add the 'MGoBlog Enhancer' extension to your chrome, then everyone's name has a 'Add to Troll Cave' link underneath that lets you mute users permanently
Seems very reasonable, and happy they didn't need to force anyone making under $50k to take a cut.
Great move by Warde. Guys like Howard and Harbaugh who are making millions every year can take a 10% hit. People making under 50k, especially those with kids to support, can’t afford to take a hit at all.
This sends the right message to your entry level employees.
This is the way to do it if you must. The only thing I'd change is that you could cut at least 25% from the super-elite contracts (like Howard and Harbaugh). You just tell them to "donate it" instead of "cutting it". Tell me those families need the next 500k-1M they'll get over the next month, period; and I'm only suggesting a quarter of that be voluntarily donated.
I'd probably leave people under 75K alone, too.
Wouldn't it be nice if Bill Gates' Giving Pledge actually resulted in money being donated, instead of billionaires just saying they'll donate? Nobody wants them to donate so much that they can't afford to continue jetting around the world in private planes on a whim. But would they really miss a few million/month in non-taxable donations?
Bezos. The world's richest man, with something like $140B, has donated a 'normal' paycheck equivalent of $85 to C-19 efforts. Nice guy...
Harbaugh we are going to cut your salary by 10 percent.... unless you beat Ohio state. If you can do that, we will double it.
Take a bigger chunk from Harbaugh. He hasn’t really earned it anyway.
Don brown says hello!
Very similar tiers to my company, except upper pay range had a 12.5% and upper management took a 25% pay cut.
Yep, I was gonna say, in my company the big dogs took 30%, seniors 20%, mid-level 10%, 5% first level managers and nothing for non-managers.
Although it's refreshing to see governments do actual belt tightening, they still don't have to make the cuts businesses do.
My wife had to take a 20% cut but they no longer have to work on Fridays.
On the bright side, she says the race war has saved her job. They told her they don't know what she will be doing next year, but she will be doing something.
What happens if you make $51,000/yr?
I'm guessing you can't be reduced below $50K. That's what our company did. CEO took a 40% cut, and everyone else took 20% but you couldn't go under 50.
Wow, I mean that is cool and all. Lower the salaries of some employees.
Raise the tuition of every single student.
I'd love to see all these brick and mortar schools crash and burn. All they do is feed the administration. They don't really care about the students. Online colleges are going to crush them eventually and it will be their own damn fault--you know, and I don't even believe the online school's don't do just as good of a job preparing kids for the work world--maybe better in some cases.
Climbs off soupbox
Campbells or Progresso?
I agree. And if they start to limit interactions at games, parties etc., then there is no real incentive to go.
Online schools aren't exactly cheap. You're only saving room and board costs. Their administrators are still living high off the hog.
The "will accept"/"will have salaries reduced" contrast is ugly.