Yeah, I read it a few more times. Sounds like the new formula completely disregarded the current salary.
Sounds like a pretty big shaming factor for those with current salaries higher than the formula. They have to publicly plead their case for an exception.
Then, later..."We decided not to reveal the existing salaries of our people. Only the newly revised self-determined would be open to everyone."
That seems counter to their view that they didn't want "Higher pay for those with higher influence and negotiation skills"
Starting with an open view only of "what I think I deserve" certainly favors the better poker players in the group.