Not surprized by the usual cynical attitudes here.

It's socialism / communism it will fail / the guy is lying / I'd be resentful of the others / they don't deserve what I have / this has nothing to do with helping / its just a PR ploy...

I think I need a beer.

He's spreading the wealth. That is close to socialism I suppose, and maybe in time, if enough of the old timers bitch, he'll come up with some fair compensation for those crybabies, er, I mean, team players.

And Goldenrule, I don't live in fairytale ville---I've manged people before, and you can't please everybody... I had a friend who won a two million dollar lottery, and he still wasn't happy & bitched about the taxes he had to pay etc.

Some people see the glass half full while the others see it half empty-right?

I think it's an interesting experiment, and nobody is being harmed.

Sure there will be some resentments, but being that everybody is getting fairly well compensated.

I'd say that those resentful employees (if that occurs) can accept it, or go work for some other credit card processing company where everybody is treated like shit.
Those same people should also be glad the owner hasn't decided to outsource the company to India, like so many of these companies have done.