"Dan Price, the CEO who slashed his own salary in 2015 to boost his company’s minimum salary to $70,000 a year, has done it again.
The 35-year-old is the head of Gravity Payments, a credit card processing company in Seattle that acquired Idaho company ChargeItPro three years, according to ABC News. With the Idaho-based employees recently moving into a new office building, Price flew in to make a visit, and had surprise announcement to go along with it — he was giving all employees earning the current minimum salary a $10,000 raise with plans on raising it to a minimum of $70,000 by 2024." - Jason Duaine Hahn People September 27, 2019
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"When billionaire Jeff Bezos cut health benefits on September 13 for part-time workers at his grocery store Whole Foods the richest man in the world saved the equivalent of what he makes from his vast fortune in just a few hours.
That's according to an analysis from Decision Data's "Data in the News" series, which found that Bezos could cover the entirety of annual benefits for part-time employees who work less than 30 hours a week with what he makes from stocks and investments in just a fraction of a day. "Doing a quick calculation with existing publicly available numbers shows that Bezos makes more money than the cost of an entire year of benefits for these 1,900 employees in somewhere between 2-6 hours," the study says." - common dreams.org Aarthi Swaminathan - Finance Writer Yahoo Finance• |
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