CEO takes 90% pay cut to give workers huge raise

April 14, 2015 8:54 PM

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CEO takes 90% pay cut to give workers huge raise

CEO Dan Price took a 90% pay cut and slashed his company's profits just so he could give his employees a raise.

Price, who heads up the Seattle payment processing firm Gravity Payments that he founded, has pledged to make sure all of his staffers make at least $70,000 annually in the next three years.

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