Company Boss Slashes Own Salary To Give Employees A Pay Rise

By : Alex BentleyTwitterLogo

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151 Company Boss Slashes Own Salary To Give Employees A Pay Rise

Some bosses are shite. We’ve all had them. Some bosses are sound. This boss is INCREDIBLE.

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The boss of credit card processor Gravity Payments, Dan Price, may go down in history as one of the most generous bosses of all time.

The average salary at his company is now $70,000 (£47,000), which is $20,000 more than the average working wage in the U.S.

But he told staff that he would cut his own salary down from $1 million, to $70k and receive the same wage as everyone else so that those not earning $70,000 could do.

giphy10 Company Boss Slashes Own Salary To Give Employees A Pay Rise

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This meant that some staff members had their wages raised by as much as DOUBLE.

Speaking about the decision, Dan said:

Is anyone else freaking out right now? I’m kind of freaking out.

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The market rate for me as a C.E.O. compared to a regular person is ridiculous, it’s absurd.

It IS absurd… But fair play to you Dan.

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