- Feb 9, 2011
- Reaction score
- Political Leaning
Dan Price of Gravity Payments said revenue has tripled since he cut his own annual salary of $1 million to $70,000.
Dan Price net worth: CEO who raised minimum wage, slashed own salary says revenue tripled in 6 years
Price said that while the pandemic hit the company hard, because he created a workplace culture that made employees know they were valued, things worked out
In 2015, Gravity Payments CEO Dan Price announced he would cut his own $1 million salary by 90 percent and bring the salaries of his employees up to a minimum of $70,000 per year
6 years later and he has discredited all who claimed this venture would fail. Seems to me that many businesses could learn from this.