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If Bezos completely eliminated his income from salary/stock from Amazon, he'd be able to give each employee about $3 at the most. This really doesn't scale at all for large companies.
Do you have an example where a particular company leader would have a tangible impact for their employees if they took a pay cut? Genuinely curious how this could work.
This doesn't look good on a hat
A company can choose to let their lower performers go, or lower salaries and watch their higher performers go.