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MEND THE GAP
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Mend the Gap Blog

CEO Who Cut His Own Salary Gives New Employees Immediate $10K Raise, with $30K to Follow

9/30/2019

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"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.
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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 
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September 27, 2019
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Cutting the Health Benefits of 1,900 Whole Food Workers Saved World's Richest Man Jeff Bezos What He Makes in Less Than Six Hours

9/26/2019

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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
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"CEO compensation is up 1,000% from what it used to be. Worker pay? Not so much."

8/15/2019

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Aarthi Swaminathan - Finance Writer Yahoo Finance•
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August 14, 2019

"CEO compensation has increased by 1,007.5% over the past three decades while workers have seen their pay rise by about 12%, according to a new report by the Economic Policy Institute (EPI).​"

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