As raises go, this was a doozy. Andy Meadows, founder and CEO of custom software company Live Oak 360 in Austin, Texas, decided to increase his salary in the summer of 2010. He didn’t bump it up by 5 percent, or 10 percent, or even 25 percent. Instead, he doubled it — to what he calculated an outsider would charge to do his job. It was a stretch for his then eight-year-old company, but Meadows is now convinced it was the right thing to do….
How Much Should You Pay Yourself?
Tuesday, April 24, 2012