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

"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

Read full story here