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I'm in agreement with Matt on this pretty much. With a gross of 300k, I don't really think there is a whole lot left over to be paying someone much more. The bottom line is he needs to start producing more/taking on more responsibility to free yourself up to start creating more revenue. 15 years is a long time, and a great thing to have in an employee, but, after that long, he should be capable of taking on a great deal of resposibilty. He should be able to just about show up at the beginning of the week and not talk to you til the end only to discuss the weeks events.
40k for a supervisor is darn cheap around here. The papers claim that poverty level is about 42k for the area I live in. Its a rough world out there, and I don't know how we do it anymore.
The main thing here is to start getting that employee in track for what you need him to do......which is take on more responsibility. Until he does that, he is topped out, and you can't really pay him anymore than you do.
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