CEO surprises employees with $10K raise, will give $30K raise over next 5 years

Thursday, September 26, 2019
If you have to work -- and most of us do -- we've found a man who may be the perfect boss.

Gravity Payments CEO Dan Price just gave his lowest-earning employees in Idaho making $40,000 a year a $10,000 raise. Within five years, their salary will increase to $70,000.
[Ads /]
The Seattle-based credit card processing company recently acquired a competitor in Idaho and Price wanted to give his new employees a warm welcome.

In 2015, he announced a minimum salary of $70,000 for his entire Seattle office and cut his own salary to $70,000.

Price says he was sick of being part of the problem of income inequality and he wanted to be part of the solution.
[Ads /]
His employees are grateful.

In 2016, they all pitched in and bought Price a Tesla.
Copyright © 2024 WPVI-TV. All Rights Reserved.