It seems (based on the Horowitz reference, pardon me if I am wrong) you're implying that Mr Price was wrong to make the change based on losing two key employees (and probably more that didn't up and quit). Maybe at the time he didn't anticipate that some would feel slighted but he also didn't know really what the change mean to the lives of other of his employees.
An interesting question would be "if you could go back in time would you do it all over again?" (PR and ego would probably indicate "yes" but we would never know the real truth).
It's not so much that the change was wrong or right, but that Mr Price didn't anticipate how big a deal it would be, both internally and externally. While a couple employees might have left, it sounds like the company may now be in a financial crisis which is a bigger deal.
I'm mostly saying he should have thought it through more, even if he did go through with it.
An interesting question would be "if you could go back in time would you do it all over again?" (PR and ego would probably indicate "yes" but we would never know the real truth).