Dan Price, who made headlines six years ago for taking a massive pay cut to ensure a liveable wage for his employees, released a Twitter video hitting back at the naysayers at Fox News.
Dan Price of Gravity Payments said revenue has tripled since he cut his own annual salary of $1 million to $70,000.
(Video Courtesy of Keegan Stephan©) (Photo Courtesy of Jenna Pope© - August, 2012 - Republican National Convention, Tampa
As I read through the court record and media reports, I began to see how Price was writing his own origin myth one interview
"Everybody's an entrepreneur and can be innovative."
The truth is, our peers, friends, family and staff can provide helpful insight, and you don't want to discount the importance of their advice. But, you also want to seek out formal trusted advisors who have a deep understanding of your business, along with the wisdom you need to compensate for your blind spots.
It was a noble idea, but folks aren't buying it.
Nevzat Aydin thinks other CEOs might hate him for it, but he doesn't care.
Business leaders can help prevent future crises like the one in Baltimore with a simple character trait that also turns out to be very good for business - generosity.
By the end of this year, no Gravity Payments employee will make less than $50,000 per year, and by the end of 2017, that number will be $70,000. While there's no doubt that there will be unintended consequences of this bold move, it's important to workers everywhere for a number of reasons.