A race to the top- CEO covers college tuition for kids

[EVT1]

www.washingtonpost.com/blogs/on-leadership/wp/2015/05/28/ceo-says-he-will-pay-college-tuition-for-all-of-his-employees-children/

Wow- this is certainly better than the drain circling policies of low wage hellholes.

     As a growing number of startups compete for talent with giants like Google and Facebook, they seem to have entered an arms race of showering employees with lavish perks — whether free lunches, free housecleaning services or sending employees on free international vacations.

     Now the CEO of Boxed, an online seller of bulk household goods, has told employees he'll do something much bigger: pay for their kids' college tuition

Not the trickle down the GOP was after- CEO's of large public companies have been thrown every perk known to man to obtain 'talent'.  Golden parachutes, golden coffins, paid security, paid financial advisors, etc. etc.  And now some cogs in the machine get a shot at some perks- awesome

[Deleted]

Wow. Thoughtful entrepreneur that wants to affect family lives. Very cool.

Not sure where all these lavish perks are. I work in the wrong circles 

[AgeOfEnlightenmentSCP]

Jun 2, 2015 23:25:26 GMT -5 EVT1 said:

www.washingtonpost.com/blogs/on-leadership/wp/2015/05/28/ceo-says-he-will-pay-college-tuition-for-all-of-his-employees-children/

Wow- this is certainly better than the drain circling policies of low wage hellholes.

     As a growing number of startups compete for talent with giants like Google and Facebook, they seem to have entered an arms race of showering employees with lavish perks — whether free lunches, free housecleaning services or sending employees on free international vacations.

     Now the CEO of Boxed, an online seller of bulk household goods, has told employees he'll do something much bigger: pay for their kids' college tuition

Not the trickle down the GOP was after- CEO's of large public companies have been thrown every perk known to man to obtain 'talent'.  Golden parachutes, golden coffins, paid security, paid financial advisors, etc. etc.  And now some cogs in the machine get a shot at some perks- awesome

You're confusing private corporate benefits with public policy in what has to be one of your more disjointed, incongruent posts yet.  I wonder if you even realize you're making the case for less government interference with corporate governance and defending private enterprise as offering an alternative, through the profit motive, and free market competition, to big, lumbering, bloated, ineffective public welfare policies?

[zibazinski]

I'd like to offer incentives for people to finish high school without getting pregnant or in trouble with the law. How about rewarding good behavior instead of rewarding bad behavior? Maybe two years of free college at least at a CC? So basically no school loans to eat at you forever and a chance for a future.

[mroped]

Paul, why did you have to come up with a convoluted statement? Can you make it simpler, easier maybe to understand?

A case can always be made for the free market competition and the balance within it.
Unfortunately, as of the last 30some years, private entities forgot about the people that actually DO something productive- average working man.
Everybody wanted to pay a whip cracking individual that would run the show and bring boatloads of cash in. In exchange they didn't mind paying said individual so much that it could not be counted anymore.
Maybe some of this "self made" or higher ups finaly realized that to get where they are they had to rely/take advantage of some people and their skills. And since some of them still have a heart, they decided that is maybe time to show some appreciation.

Way to go! Kudos and whatever dude!

[zibazinski]

It might be easier to do in a small business. Especially if you have no shareholders.

[AgeOfEnlightenmentSCP]

Jun 6, 2015 13:54:04 GMT -5 mroped said:

Paul, why did you have to come up with a convoluted statement? Can you make it simpler, easier maybe to understand?

A case can always be made for the free market competition and the balance within it.
Unfortunately, as of the last 30some years, private entities forgot about the people that actually DO something productive- average working man.
Everybody wanted to pay a whip cracking individual that would run the show and bring boatloads of cash in. In exchange they didn't mind paying said individual so much that it could not be counted anymore.
Maybe some of this "self made" or higher ups finaly realized that to get where they are they had to rely/take advantage of some people and their skills. And since some of them still have a heart, they decided that is maybe time to show some appreciation.

Way to go! Kudos and whatever dude!

Nothing convoluted about what I said.  The OP is convoluted, and I simply pointed that out.  I fully support a company doing this, or buying booze and hookers, or providing clean water to a village in some remote region of the world. Whatever they want to do with their money is fine with me. It is, after all, their money.  An employee's wages and benefits are whatever they can get the company to agree to.  

And of course, no one is the slightest bit skeptical of this promise?  I have a 5 year old, and an 11 year old.  Best case scenario, for the company to pay for ONE of them, I'd have to believe I'll still be working there in 7 years. For both, I'd have to believe I'll be there 13 years.  How long does the typical employee in their industry stay at the same company?  

If you're running a business, how many employees do you want mentally checked-out and just hanging around for the promise of free college for their kids?

If you're an employee, do you want the company knowing they can jerk you around and pretty much get you to do anything, no raise, maybe even a pay cut, because guess what? You've got a kid in college- or a year or two away, and the alternative to not grabbing your socks is figuring out a way to pay for college- which you might even not really have planned for under the circumstances, so you're bought and paid for.

This whole idea is fraught with problems, but the biggest is that they'll probably never have to deliver on it for most of their employees.