CEO Says His Company Is Thriving After He Took A 90% Pay Cut To Raise His Staff’s Minimum Salary To $70,000 (27 Pics)

 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.

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

Image credits: danpriceseattle

Recently, he turned to Twitter to explain what inspired him to make this bold move

Image credits: DanPriceSeattle

Image credits: DanPriceSeattle


Image credits: DanPriceSeattle

Image credits: DanPriceSeattle

Image credits: DanPriceSeattle


Gravity Payments is thriving

Image credits: DanPriceSeattle

Image credits: DanPriceSeattle

As a thank you, Dan’s employees bought him a new Tesla

Image credits: danpriceseattle

Image credits: danpriceseattle

The CEO constantly revises his company’s salary policy

Image credits: danpriceseattle

And people are applauding him for it

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CEO Says His Company Is Thriving After He Took A 90% Pay Cut To Raise His Staff’s Minimum Salary To $70,000 (27 Pics) CEO Says His Company Is Thriving After He Took A 90% Pay Cut To Raise His Staff’s Minimum Salary To $70,000 (27 Pics) Reviewed by STATION GOSSIP on 06:51 Rating: 5

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