CEO Cuts His Pay, Raises All Workers' Pay To $70,000 Per Year Minimum [View all]
More like Dan Price, please. This is truly putting your money where your mouth is. Gravity Payments is a credit card processing firm located in Seattle, and Dan Price is the CEO. Mr. Price has decided to do more than think or talk about income inequality. He's taking action.
The first thing he did was cut his own pay to $70,000 per year.
The next thing he did was give every employee, whether in the mail room or human resources, a raise so that their minimum wage will be $70,000 per year.
New York Times:
“The market rate for me as a C.E.O. compared to a regular person is ridiculous, it’s absurd,” said Mr. Price, who said his main extravagances were snowboarding and picking up the bar bill. He drives a 12-year-old Audi, which he received in a barter for service from the local dealer.
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