PRE-TASK

• What are the typical characteristics of a good boss?
• Do you know any CEO’s salary? How much does a CEO generally earn?
• When are pay cuts introduced in a company?

TASK (click here for the article)

1. What company does Dan Price run? What do they do?
2. Why has he decided to take a pay cut?
3. What were the findings in Deaton and Kahneman’s research paper?
4. How did his employees react to the news?

FOLLOW-UP

• Do you think Dan Price’s idea was good?
• What would happen if this was done in your own country/city?
• Is this an exemplary act? Shoud other bosses do the same thing? Why/why not?