CEO Dan Price gives employees $70K minimum wage

April 15, 2015 4:07 PM

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CEO Dan Price gives employees $70K minimum wage

"You might be making $35,000 a year right now but everyone in here will definitely be making $70,000 a year and I'm super excited about that," he told his employees at a recent meeting.

He said he will pay for the raises by cutting his own salary by $1 million and using 75 to 80 percent of the company's projected $2.2 million profit this year.

Also read: UPDATE 1-Industrial equipment hire firm Ashtead hikes annual results forecast

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