. . . change . . .
(from http://www.entrepreneur.com/article/245085)
". . . Gravity Payments founder Dan Price has just announced yet another game-changing proposition.
Over the next three years, the 30-year-old plans to raise the minimum salary for every employee at his credit card processing company to $70,000, he told The New York Times. . ."
He reached his decision after reading a study that said money makes a major difference in the lives of those who make less than $70,000. The initiative will be funded by cutting his own $1 million salary to $70,000 and allocating 75 to 80 percent of the company’s expected $2.2 million in profits this year. 70 employees will get raises and some will see their salaries double. The current average salary is $48,000. “The market rate for me as a CEO compared to a regular person is ridiculous, it’s absurd,” he told the Times. The announcement was met by ecstatic cheers followed by speechlessness on the part of employees.
What do you think?
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My latest solo offering, Just More Music by Ray Jozwiak, featuring original, instrumental piano music will be released April 7, 2014 Just More Music by Ray Jozwiak
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