I've overpaid employees by hundreds of thousands of dollars. It would only have been considered a "loss" if I hadn't learned from it.
@officialchadpetermanTranscript
They actually made more money when the company actually did bad. That wasn't good. I have definitely overpaid employees in the hundreds of thousands of dollars over the course of the time that they worked here. What I will tell you is that it would have been money lost if I wouldn't have learned anything from it. And so the reason that I overpaid somebody, the reason that I paid them a stupid bonus structure, a thing that wasn't sustainable was because I didn't understand. And doing it, I then realized, oh, that cost me a lot of money. Well, now it's like nothing's a mistake if you learn from it. It's just a misstep that you've got to correct and go the right direction. And so we'll continue to make mistakes. We'll continue to, you know, spend dollars that we never should have spent, but we continue to get better at it by analyzing the situation based on what we've learned in the past.
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