<p class="MsoNormal"><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Have you ever heard of a CEO cutting his salary by $930,000 so his workers can earn more money?</span></p>
<p><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Meet Dan Price, CEO of Gravity Payments, a credit card payment processing company based in Seattle, Wa.</span></p>
<p class="MsoNormal"><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Price recently announced that he would be giving himself a drastic pay cut to help cover the cost of big raises for his employees. Prior to the deduction his salary was roughly $1 million. He’s now only making $70k, that’s how much he wants to ensure each of his employees are making within the next three years.</span></p>
<p class="MsoNormal"><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">That’s not where his generosity stops. According to the NY Post, Price is on his way to adopting a policy which allows his employees to take unlimited paid vacation after their first year with the company.</span></p>
<p class="MsoNormal"><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">He says he believes this is just what everyone deserves.</span></p>
<p class="MsoNormal"><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Aware of the toll these changes will take on the company, Price acknowledges that the increased pay alone will cut into at least half of the company’s profits; even still he has no intentions to raise clients’ rates.</span></p>
<p class="MsoNormal"><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Price has already gotten some new customers out of the deal! Stefan Bennett, a customer relations manager at the company says, “we’ve already gained a handful of customers in the last day or two…we’re showing people you can run a good company, and you can pay people fairly, and it can be profitable.”</span></p>
<p class="MsoNormal"><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Prices gesture is extremely uncommon, there’s question of whether or not this will be a future trend. ;</span></p>
<p><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">For a company he started at 19 in his dorm room, he’s expressing true sacrifice and passion. Can we get a job ! ;</span></p>
<p> ;<img src="/wp-content/uploads/2015/04/IMG_4085.jpg" alt=""> ;<span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);"><br /></span></p>
<p class="MsoNormal"><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">Source sited: NY Post, ;<a href="http://nypost.com/2015/04/16/ceo-cuts-his-pay-so-every-worker-can-earn-70k/" target="_blank">http://nypost.com/2015/04/16/<wbr>ceo-cuts-his-pay-so-every-<wbr>worker-can-earn-70k/</a></span></p>
<p><;</p>
<p>p class=&#8221;MsoNormal&#8221;><span style="line-height: normal; -webkit-text-size-adjust: auto; background-color: rgba(255, 255, 255, 0);">TSR Intern: Chantel P. IG: @_POPchanny | Twitter: @POPchanny</span></p>
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