Does Vox make a profit each year?
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Seems crazy to demand raises if the company loses money or barely makes a profit.
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Or maybe they pay their executives too much? Neither of us know. All employees, whether they be CEO or janitor should have a contact.
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All employees have agreements. And if you don’t perform, you get the boot. It’s how a team works. Pull your weight or get off.
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And that agreement has been modified and amicably agreed to with the mutual consent of both parties.
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Oh I know. It’s mind boggling. They should have argued for profit sharing. This way everyone’s incentives are aligned. Vox business model isn’t set up for high earning writers. It’s set up to create pageviews at the cheapest rate. Their business isn’t booming, this will only hurt
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Replying to @theSamParr @Don_Shipman and
Would be very upset if I were a VC invested in vox. Hard to see how they get a return.
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Yes, it's bad. In this case, it's Accel, a major VC. Two of their big backers are the Davidson County Metropolitan Government Employee Benefit Trust Fund and the Delaware Public Employees Retirement fund. So if Accel loses, it hurts many people.
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