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Premium Talking Tips: Gravity Payments CEO to Cut His Salary to Raise Employee Wages

Don’t have any idea on what topic to discuss for Premium Talking today? Then, please check out this article by ABC News

 

 

 

“The CEO of a credit-card payments company in Seattle said executive pay is “out of whack,” so he’s cutting his own pay and creating a minimum salary for his workers. Now, he will be earning $70,000 like many of them, and he’s OK with it. Dan Price, 30, announced this week that any employee at his company, Gravity Payments, making less than $70,000 annually will receive a $5,000-per-year raise or be paid a minimum of $50,000, whichever is greater. The aim: By December 2017, everyone will earn $70,000 or more. To facilitate this change, Price said his salary will decrease to $70,000 from about $1 million until or unless the company’s profits are greater than last year’s approximately $2.2 million.”

 

-SUSANNA KIM, ABC News

To see the slides, please use this link:

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To read the full article. click here. 

 

 

 

 

 

 

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