Summary List Placement

Six years ago, Dan Price, the founder and CEO of credit-card processing company Gravity Payments made waves when he announced that he was raising the firm’s minimum salary to $70,000 for his 120 employees. 

To accommodate the change, Price slashed his own $1 million salary.

In the following years, revenue soared, and staff had many more babies and bought more homes, Price told Insider. To show their appreciation of the minimum-salary change, staff bought him a Tesla.

“That was a really beautiful gesture and any day I drive to work details ⇒

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