'I was asked to take a 30%+ cut in pay': Top employee quits and company goes under after boss pressured him to be a "team player"

This boss had a whole lot of audacity asking his already underpaid top employee to take a 30% pay cut. One has to wonder if the boss himself was willing to cut his own pay too. Somehow, we doubt it. 

Clearly, this dude should not be running a business, starting with the fact that he spent a large sum of money on business consultants who told him nothing particularly innovative about the state of his company. Unfortunately, his top employee had to suffer the consequences of his boss's total mismanagement. He had been clamoring for a raise for a long time now, especially given his expanded role and increased level of responsibility since he started at the company. Well, instead of granting him a 30% raise, his boss requested that he take a 30% pay cut instead, with no promise of making up for that cut in subsequent months. 

This was the final straw for the employee, who put in his notice and found a far better-paying job elsewhere. Well, guess what happened to the company in the next six months? Well, after 100 years of service, it only took the top employee's departure for the company to completely tank. Keep scrolling below for the full story. For more, check out this post about a boss who forced his employee to stay late no matter what.