Inspired by research suggesting that the emotional well-being of many of his employees could be improved by a raise, the owner of a Seattle credit card payment processing company has just announced that he will boost their minimum salary to $70,000.

The New York Times reports Gravity Payments founder Dan Price will slash his own $1 million salary to $70,000 and use a majority of the company's forecasted $2.2 million profits this year to help pay for the bold move. Many of the workers affected by the raise include sales and customer service representatives.

Of the company's 120 employees, 30 will see their salaries almost double.

"The market rate for me as a CEO compared to a regular person is ridiculous, it's absurd," Price told the Times. "As much as I'm a capitalist, there is nothing in the market that is making me do it."

In the rest of the country, the wage gap between top executives and well, everyone else, is staggering: In 2014, Wall Street bonuses alone amounted to nearly double the combined income of all Americans working full-time minimum-wage jobs.

Publicity stunt or not, Price's plan is a unique story about one CEO's effort to directly address income inequality and create liveable wages for his workers. If successful, we can only hope this turns into a Times trend piece.

http://www.motherjones.com/mixed-media/2015/04/ceo-just-raised-his-companys-minimum-salary-70000


THIS GUY IS A LEADER.
WHAT DO U GUYS THINK?

Op,,,,
Pls we need job for 9ja....
Ftc

Wow! A rare gem indeed. This is one man that believes that satisfaction/fulfilment in Life is not in how much you own, but how many lives you help make better. Trust me, such people never get broke at all.

Just wished our leaders will follow suit.; but nah! Na to dey fight for salary increase dem sabi even though na dem dey chop half of our national budget.

Very unbelievable...

Can this happen in Nigeria??

I doubt

I have this kind of heart

This CEO Got A Heart Just Like Mine

Our 9ja CEO's are lookin 4 a way not to pay workers at all but dats none of my business

as soon as I saw the thread I just knew it can never be in Nigeria

He is a leader!

...And to see how young he looks sef for this kind of reasoning!

we ve got tinz in common...

The real mvp!!!

xtremeinv:
Inspired by research suggesting that the emotional well-being of many of his employees could be improved by a raise, the owner of a Seattle credit card payment processing company has just announced that he will boost their minimum salary to $70,000.

The New York Times reports Gravity Payments founder Dan Price will slash his own $1 million salary to $70,000 and use a majority of the company's forecasted $2.2 million profits this year to help pay for the bold move. Many of the workers affected by the raise include sales and customer service representatives.


http://www.motherjones.com/mixed-media/2015/04/ceo-just-raised-his-companys-minimum-salary-70000


THIS GUY IS A LEADER.
WHAT DO U GUYS THINK?

What I think is; the guys is handsome

Sure boy.

Raymondenyi:
I have this kind of heart

i believe u boss, but u forgot to add, on paper

Don't believe everything you read. People do all sorts of things these days as P.R stunts. However, this is commendable if it is really true.

Did he distribute his shares as well. Will his dividends be shared also?

He Wants To Be Popular...
He Wants A Good Name.
He Tried,
Waiting For This To Happen In Nigeria

When will Dangote do this....

ijbeauty:
Can this happen in Nigeria??

I doubt

for where?

If diz happens in naija, I will walk from to isarael......

I want to be like this

Thats really commendable, God bless his benevolence

This is the kind of news that uplifts the soul. Nigerians can't even comprehend this happening in this country. How many years will it take Dangote to do the same?

I can actually do such though..

and I taught he was Nigerian?