Seattle CEO Cuts His Own $1 Million Salary, to Pay Each of His Employee’s a Minimum Wage of $70,000! [VIDEO]

According to the NYTimes, on Monday Dan Price, founder and CEO of payment processing company Gravity Payments, cut his own million dollar salary by 90 percent to set a $70,000 annual minimum wage for his 120-person staff. I wonder if they’re taking applications?

The average salary at Gravity is $48,000 a year, but it’s considerably not as much as you think because of the high cost of living in Seattle.

According to the NYPost,

The United States has one of the world’s largest pay gaps, with chief executives earning nearly 300 times what the average worker makes, according to some economists’ estimates.

Price is a humble guy who drives a 12-year-old Audi, that he got through a barter for service at a local auto dealer, and he just want’s to hep his employees pursue the American dream of owning a home and sending their children to college.

What Price has done is pretty honorable if you ask me. Maybe the companies you and I work for will consider doing the same? Sike, probably not.

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