Meet the CEO who slashed his salary by $1 million

Author
Newstalk ZB,
Publish Date
Tue, 27 Jul 2021, 10:01AM
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 his all employees a minimum salary of $70,000. (Photo / Supplied)
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 his all employees a minimum salary of $70,000. (Photo / Supplied)

Meet the CEO who slashed his salary by $1 million

Author
Newstalk ZB,
Publish Date
Tue, 27 Jul 2021, 10:01AM

Since the emergence of Covid there has been plenty of talk about the changing face of the workplace.

One man who's been leading the charge is CEO of the US company Gravity Payments, Dan Price.

He founded the credit card processing and payments technology company in 2004 and has been CEO since 2006.

Back in 2015, he caused a media storm after slashing his salary by a million dollars a year and bumping his employee's minimum salary to $70,000.

And Price claims it was a success, with the company's revenue tripling since then.

Dan Price joined Mike Hosking.

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