Do you think they'll suddenly get a lot of pressure to decrease their revenues?
Do you think they'll suddenly lose a whole bunch of clients because they're paying above market?
Do you think staff are suddenly going to become less productive because they're paying above market?
Do you think new staff are going to be of a lower quality than his competitors?
This business has been around for 11 years. Has 10,000+ customers. And is profitable, even with the adjusted salaries.
Given some really back-of-the-envelope guesstimates on the way this type of organic business grows and their current profit combined with Dan's current salary, Dan's probably already extracted $5-15m from the company over the last 11 years. That's a very comfortable living wage for someone who doesn't seem to live an extravagant lifestyle.