This guy was everywhere in the news a little while ago. After having a discussion with a friend about how hard it was for her to make ends meet making 40k a year, this guy did some research and found that 70k was the magic number where people could live comfortably and not have to worry about money. So he decided to cut his own paycheque down and pay EVERYONE in his company 70k a year, from the big wigs all the way down to the receptionists and guys who clean the toilets. He was on every talk show, everyone was fawning over this great act of kindness and talking about how ALL CEOs should do the same and be generous.

...would you believe it didn't work out well for him?

CEO who set $70,000 minimum salary forced to rent out his home after his business ran into trouble | National Post