CEO Will Live on $70,000 Worker Wage, Thinks His Life Will Be Luxe Enough

April 14, 2015 10:17 PM

53 0

CEO Will Live on $70,000 Worker Wage, Thinks His Life Will Be Luxe Enough

The CEO of a credit-card payments company in Seattle said executive pay is "out of whack," so he's cutting his own pay and creating a minimum salary for his workers. Now, he will be earning $70,000 like many of them, and he's OK with it.

Dan Price, 30, announced this week that any employee at his company, Gravity Payments, making less than $70,000 annually will receive a $5,000-per-year raise or be paid a minimum of $50,000, whichever is greater. The aim: By December 2017, everyone will earn $70,000 or more.

Also read: Ryan Reynolds Doesn't Think He Was High Class Enough For The Coen Brothers

Read more

To category page

Loading...