We all know that most businesses would sell your grandmother (not their own) if they could make a few extra quid but once in a while we hear of bosses like Dan Price who is the CEO of payment processing company Gravity Payments.
Dan has taken a pay cut to give his lower-paid staff a raise to a minimum wage of $70,000 (£47,000)
by reducing his own by 90%.
Mr Price, 30, told staff in a weekly meeting that he would be cutting his $1million salary to $70,000 too explaining that: 'The market rate for me as a CEO compared to a regular person is ridiculous, it’s absurd, adding that it was absurd that he should earn up to 100 times more than most of the rest of his staff.
Great story, we need more Dan Price's and in higher seats of power where they could do real good for everyone and end the relentless trampling of the small guy by money hungry businesses.
No comments:
Post a Comment