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Which CEO paid his employees $70,000 a year?

Asked by Anonymous Sep 02, 2026 33 views 1 answers
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Answered Sep 02, 2026

Dan Price, the former founder and chief executive officer of the Seattle-based credit card processing firm Gravity Payments, gained worldwide media attention in 2015 when he slashed his own million-dollar salary to establish a mandatory minimum annual salary of seventy thousand dollars for all employees. The bold social and economic experiment generated intense global debate and praise regarding income inequality, worker productivity, and corporate culture. Subsequent business case studies highlighted notable improvements in employee retention, client satisfaction, and overall company revenue growth over the following years, though the executive later stepped down amid unrelated personal controversies.

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