Not all CEOs are the same. According to Gecko from Wall Street, greed is good. No, fairness is good. Kudos to Dan Price, Gravity Payments CEO. He reduced his salary to do the responsible thing. Bring it more in line with his employees.
Our business schools and our economic system teaches a brand of antiseptic selfishness that removes the negative stigma. But the results remain.
No CEO would be worth a penny without the sum total of labor and intellect from others. Given that indisputable reality, why should the financial worth of the CEO attained from the spoils of the workers be that much more? The answer is simple. Because that is how some man designed it and registered it in our psyche to be followed for centuries.
But as we empower and retrain the brains of the masses, they will demand and assert their worth. That is how the change happens.
So please share this post. It is unlikely to get much play because it shames the establishment. But that is what we need to do. The current selfish form of our economic system must end. It must be shamed and justifiably vilified.
Dan Price: Gravity Payments CEO stuns employees by giving them all a $10,000 raise, promises $70,000 minimum by 2024 – CBS News
CEO Dan Price slashed his own salary four years ago to raise those of his employees. Now he’s opening an office in a new city and promising another huge salary increase.
Price, the head of Seattle-based credit card processing company Gravity Payments, announced Tuesday that all of the employees at the company’s new Boise, Idaho, office will earn at least $70,000 by 2024.
“This morning we cut the ribbon on the new @GravityPymts Boise office AND announced that all of our employees here will start earning our $70k min salary,” Price tweeted. “I’m so grateful to work with this amazing team and to be able to compensate them for the value they bring to our community.