This story comes from a station, then in a top 50 market...a suburban rimshot FM.
The station was always a 2 share or less. I was promoted to mornings (1980) for $200 a week, salary. No overtime. Typically worked 10 hours a day or more. There was never any money spent on promotion...if it was, the employees paid for it out of their own pockets. (No fooling...I put $100 of my own money in with other employees for some TV ads once.)
The General Manager was a trade out king. Rumor around town was he hadn't paid for a meal in 20 years. Traded out expensive conversion vans when he wanted to take a family vacation. And...when the owner came to town, the traffic director would run into the studio in a mad dash and "white out" commercials on the program log that the GM didn't want the owner to see. This happened dozens of times during my employment there, so I know it was not an isolated incident.
I got lucky doing some morning show bits and got the station top 5 in demo (adults 25-49). Asked for and was denied a $10 dollar a week raise. Never made more than $200 a week salary the entire 5 years I worked there.
However, Scrooge got his later. He re-married and his new wife eventually found financial records about his fraudulent billing and trade out practices. When they ended out on the outs, she mailed copies of the billing records to the FCC. He was fired by the owner a short time later.
While I learned a few things about how not to run stations from this guy, and don't hate his memory, I still chuckle with advice from a DJ I would meet later, who told me, "eventually, all of the a------s in his business get theirs."