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CEO sets $70K minimum wage for employees

Source | www.hcamag.com

Dan Price is setting the bar high for the modern CEO. After taking a 90% pay cut from his own salary years prior, the CEO of financial technology firm Gravity Payments this week announced all employees at the company’s newly opened Boise, Idaho office will receive a minimum salary of US$70,000.

Price broke the news on Twitter, adding that he is “grateful to work with this amazing team” and to be able to “compensate them for the value they bring” to their community.

In a separate tweet, the CEO recalled: “A lot of people said giving up a million dollar per year salary was an unreasonable sacrifice to pay a living wage. It was worth it.”

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