Dan Price is the Co-Founder and CEO of Gravity Payments, a credit card processing and financial services company. In 2015, the company made headlines all over the world when Price announced that his employees would receive a minimum salary of $70,000.
To finance this move, Dan cut his own $1.1M pay by 90%. At the time, this decision has received a lot of criticism but 6 years later, the company is thriving and Price said it has made him happier and a better boss.
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Meet Dan Price, the CEO of Gravity Payments, who just celebrated 6 years of having cut his own pay by a million dollars to increase his employees’ wages
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Recently, he turned to Twitter to explain what inspired him to make this bold move
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Image credits: DanPriceSeattle
Image credits: DanPriceSeattle
Image credits: DanPriceSeattle
Image credits: DanPriceSeattle
Image credits: DanPriceSeattle
Image credits: DanPriceSeattle
Gravity Payments is thriving
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As a thank you, Dan’s employees bought him a new Tesla
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Image credits: danpriceseattle
The CEO constantly revises his company’s salary policy
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And people are applauding him for it
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The post CEO Takes 90% Pay Cut To Raise Staff’s Minimum Salary To ,000, And 6 Years Later The Company Is Thriving first appeared on Bored Panda.
Source: boredpanda.com