Dan Price: CEO who slashed his salary by $1 million


Manage episode 298371317 series 2098285
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Seattle-based entrepreneur Dan Price hit headlines around the world in 2015 when he slashed his own salary by $1 million so he could start paying all his employees a minimum salary of $70,000.
The chief executive of Gravity Payments received plenty of praise for the move as well as a raft of criticism, with Price coming under fire from right-wing media outlets who dubbed him a socialist.
Six years on, his company's business has tripled and staff turnover has halved, and they've bounced back from the blow of the pandemic. However, Price says the experiment hasn't been entirely successful.

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