Saturday, August 1, 2015

At Least His Brother Seems To Be More Fiscally Conservative...

...than appears to be Dan Price, the owner of a Seattle business who decided, a few months or so back, to start paying every one of his employees $70,000 per year salary. Dan Price is now reportedly suffering the consequences - losing both customers and employees and is struggling to makes ends meet. It is said he now has to rent out his own house to pay the bills.

Lucas Price, his apparently more business minded partner and his brother, who owns 30% of the company, reportedly is suing him because of lost revenue or benefits of his minority ownership. Who could blame him after his brother pulled an evidently financially unstable move like that! More here.

All the best,
GB

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