georgephillip
Diamond Member
And CEO/Owner, Dan Price, did it by cutting his own 1% pay scale:
"Employees at a Seattle company are still trying to wrap their minds around the news their boss just delivered. Some of them are getting a raise, a huge one.
"'You might be making $35,000 a year right now but everyone in here will definitely be making $70,000 a year and I'm super excited about that,' Dan Price, CEO of Gravity Payments, in Ballard, told his employees during a recent gathering.
"The announcement caught everyone off-guard.
" Could it be true?
"$70,000 is the new minimum wage in this office?"
Apparently, it is; however, the redistribution will occur "over the next few years, giving the company time to adjust its bottom line, and employees a chance to catch their breath."
http://www.usatoday.com/story/news/.../seattle-company-70000-minimum-wage/25810099/
"Employees at a Seattle company are still trying to wrap their minds around the news their boss just delivered. Some of them are getting a raise, a huge one.
"'You might be making $35,000 a year right now but everyone in here will definitely be making $70,000 a year and I'm super excited about that,' Dan Price, CEO of Gravity Payments, in Ballard, told his employees during a recent gathering.
"The announcement caught everyone off-guard.
" Could it be true?
"$70,000 is the new minimum wage in this office?"
Apparently, it is; however, the redistribution will occur "over the next few years, giving the company time to adjust its bottom line, and employees a chance to catch their breath."
http://www.usatoday.com/story/news/.../seattle-company-70000-minimum-wage/25810099/