The CEO That's Taking More Than 90% Pay Cut So His Employees Can Live Up To Standard Cost Of Living

Dan Price

Dan Price, CEO of Gravity a credit card payments company is Seattle,WA, USA is taking more than 90% pay cut. He use to earn roughly $1Million yearly but that has been cut to $70,000 yearly. 'I may have to sell my house to be honest' he added. He's doing this to ensure that in the next three years his employees earnings can afford rising cost of standard of living. 70% of his 120 employees will get salary increase and 30% will see their salary double.



Mr Price is also planning a move that will allow his employees to take unlimited paid holiday when they have work for the company for more than a year. The increase in employees' salary will cut the profit of the company in half, and he doesn't plan to increase client rates.

Since the announcement, the company has gained a handful of new customers he said.  NOW that's a CEO!!!
















Source: Time