Earlier quoted context omitted.
Nothing would happen. I don't know from where this started. But I am expected to make for somebody Else's lapses all the times. This is called in classic management language 'Team work'. And the managers don't pay you for doing 'Team work' , at best you are assumed to just doing your duty. So you are not supposed to get paid extra. I know a lot of managers who consider people who ask rewards for extra/free/innovation…
I took the comment about bosses not taking home a paycheck to be referring to a startup scenario where funding is tight and so the founders don't take home a salary while the first few employees do. In that situation it's not at all uncommon to trade some wage for equity, but there are not many cases that I've heard of, outside of the founders themselves, that are so extreme that people literally take home only equit…
I'm an early hire and took a pay cut in return for a tiny amount of equity. CEO is in fully and is taking home a very small salary. So every request for a raise is augmented with "well, I'm not making as much as you are".
You can only hear that so many times before the resumes go out.